Saving sufficient amounts of money is not just an activity. It takes discipline and practice. But sometimes, no matter how hard we try, one urgency or another always makes us crack into our savings. However, doing this means you can never build enough wealth for the future that can help you administer your long-term goals with ease of convenience. This is when the need for a savings plan stems up. 

A savings plan is a good practice to make real-time monetary savings and secure your financial future. That is why choosing an investment plan that really aligns with your goals is truly important. Here are some top savings plans that offer guaranteed returns in India. So, if you are looking for great investments, here’s your opportunity to bank on.

1. Unit Linked Insurance Plans 

These insurance plans provide a combination of two covers. On one side, they work as an investment opportunity to serve long-term goals. On the other hand, ULIPs provide a life cover to secure your family’s financial future when you are no longer able to do it due to your untimely demise. This means the premiums you pay are also divided into two segments here. One goes into the investment bit, while the other is on the latter. By far, ULIPs are also the most convenient way to make robust savings as it also provides a plethora of investment options to choose from. 

2. National Pension System 

When looking for guaranteed returns, the National Pension System comes in very handy. This government-backed retirement scheme aims at providing a secure retirement to people. It is divided into two main tiers. 

Tier 1- Here, you need to make a minimum contribution of Rs. 500 to Rs. 1,000. 

Tier 2- Here, the minimum contribution required is Rs. 250. 

So, if you are between the age bracket of 18 to 60 years, you can easily apply for this scheme. The best part about this scheme is that it also lets you make partial withdrawals of up to 25%. But this is only possible after three years of account opening. 

3. National Savings Certificate 

During the onset of every financial year, the returns on the latest issues of the National Savings Certificate are revised. In fact, the investments made by individuals under this plan are also eligible for an 80C deduction. However, the interest that is gathered is only taxable during the time of maturity. So, if you are looking to grow your money and make sufficient savings, this plan can come in handy. 

4. Senior Citizen Savings Scheme 

Another government-backed retirement plan, the Senior Citizen Savings scheme, is an incredible investment plan. You can open it in your nearest post office or your bank too. Since it offers guaranteed returns and comes with quarterly interest payouts, the scheme is a top saving plan today.

5. Fixed Deposits 

We have all heard our grandparents suggesting we get an FD of our money so we can use it for our financial needs in the long run. Well, they weren’t so wrong after all. Fixed deposits are one of the oldest ways to make sufficient savings in the most reliable manner. That is why even today, individuals opt for it when they are looking for a top savings plan with guaranteed returns in India. You can also opt for a recurring deposit account. You can consult your bank manager for more details regarding the same. 

6. Investment Options 

In case you have short-term goals with a desire to receive guaranteed returns, you can also bank upon diverse investment options. Although they come with a substantial amount of risk, they can help make instant returns too. All you need to do is have a sound strategy and the right market idea before you make an investment decision. You also have to be very mindful of any form of market fluctuations to remain on the safe end financially. 

Choose Your Top Savings Plan Today!

These are some of the most useful top savings plans with guaranteed returns in India. So, make sure you choose one that suits your budget and preference. You must also consider other requirements, if there are any. Remember, the earlier you start, the better returns you are likely to get.