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Before the meeting, the Union Finance Minister held a pre-budget consultation with various states and UTs.
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15-year lock-in, government-backed, quarterly fixed interest rates, popular due to its security.
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For individuals over 60, up to INR 1.5 lakh tax benefit, INR 30 lakh max investment, fixed interest rates.
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Aims to improve the welfare of Indian girls, accounts for minors under ten, government-backed with quarterly interest rate adjustments.
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5-year lock-in, up to INR 1.5 lakh tax deduction, interest taxed according to the tax slab of the investor.
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Government-supported, Tier 1 for tax benefits, additional INR 50,000 deduction under Section 80CCD(1B), market-linked returns.
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Combines investment with life insurance, five-year lock-in, part of premium invested in market-linked securities.
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Premiums deductible under Section 80C, financial protection with tax-exempt death benefits.
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5-year lock-in, government-set interest rates, compounded annually, secure investment.
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Offers capital preservation and growth, low-risk, shields capital from market fluctuations, investment deductible under Section 80C.
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