Opting for tax-saving schemes such as PPF, FD, SSY, SCSS, and NSC can represent an intelligent approach to accumulating wealth for your future, accompanied by substantial tax advantages.
The government has increased interest rates on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth consecutive quarterly hike since October-December 2022.
Promotion of savings is the first step to amassing the much-desired wealth. You cannot invest unless you start saving enough. Saving is a prerequisite to investing, a habit synonymous with being thrifty and living an inexpensive life.
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