Every individual wants to save money for retirement, emergencies, their child's education, and other purposes, but often gets confused about choosing the right investment schemes. Well, there are many investment options for them, but which one is suitable is difficult to decide. These schemes range from traditional savings schemes to low-risk investment and market-linked products. They can opt for any as per their understanding or take a financial advisor's help.

In this article, we will talk about five such schemes and their benefits. Take a look:

1. Employee Provident Fund (EPF)

Employee Provident Fund (EPF) is a long-term retirement savings scheme for employees where both employers and employees contribute a fixed amount every month. The Employee Pension Scheme (EPS) is a part of the

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