You can open a PPF account with any post office branch or leading bank and make regular investments in the account. You can also open an NPS account where you can make monthly investments towards retirement in market-linked instruments such as shares and bonds. Mapping out your goals is important because they lend purpose to your savings and investments and helps you to choose investment vehicles that fit your goal and investment horizon. Recurring deposits and Systematic Investment Plans of mutual funds are two good ways to do this. Strive to save a minimum 15-20% of your monthly pay towards investments.

Source: The Hindu August 08, 2021 16:52 UTC