To build wealth and save money from hard earned income
Makes you independent not to rely on others for money
Set your object, Understand the risk, Study market carefully, Diversify your investment
100 Minus Your Age Formula = Equity + Fixed Fund
Aim is to protect capital amount, conservative type investment, deliver moderate return, best for low risk investor
Only for resident Indian, guaranteed by central government, current rate of interest 7.1%, received interest is tax free
Pre calculated guaranteed amount return, higher interest for senior citizen,, loan facility available
Indian or NRI can open this account, monthly basis minimum amount need to be deposited