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Present Saving Investment Plans

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Glossary

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Savings and Investment Plans from Canara HSBC Life Insurance

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Life Insurance - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Fixed Returns, Zero Risks & Worries

4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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10 Best Saving Plans to Consider

July 31, 2026 7 minutes read

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Best Investment Options in India for 2026

An array of investment possibilities, from traditional choices to modern ventures, caters to diverse risk appetites and financial goals. July 24, 2026 16 minutes read

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Present Saving Investment Plans

National Pension System – As a good saving investment plan for the senior citizens, this system is a pension plan and an investment plan created by the Government of India to help assist and provide for the senior folks after they have retired. It provides a well-compensated, long term savings plan that helps a person navigate and decide upon what they want to do after retirement via a properly regulated return that is market-based. This national pension system is overseen by the PFRDA (Pension Fund Regulatory and Development Authority). However, at the moment, the NPST (National Pension System Trust) was created by the PFRDA to be the registered owner that oversees all assets that are under NPS.

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Best Investment Options in India in 2026

National Pension Scheme (NPS): The National Pension System is one of the government-backed investment plans designed to help you secure your retirement financially. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). This helps you to create a strong retirement corpus at your disposal. You can use the NPS retirement account as a salaried or self-employed investor. There are two types of NPS accounts: Tier-I (Retirement Account) Tier- II (Voluntary Investment Account) The primary difference between NPS and other provident fund investments is that NPS allows you to build your corpus aggressively. It follows an auto-rebalancing method to maintain a portfolio with a declining risk as you age. Additionally, you can avail of a deduction of up to Rs 2 lakhs for your contribution. The risk-return on NPS investment will depend on the portfolio mix you choose and the length of time you stay invested. Thus, this retirement investment option works well for both risk-averse and aggressive investors.

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Present Saving Investment Plans

This national pension system is overseen by the PFRDA (Pension Fund Regulatory and Development Authority). However, at the moment, the NPST (National Pension System Trust) was created by the PFRDA to be the registered owner that oversees all assets that are under NPS.

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Best Investment Options in India in 2026

National Pension Scheme (NPS): The National Pension System is one of the government-backed investment plans designed to help you secure your retirement financially. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). This helps you to create a strong retirement corpus at your disposal. You can use the NPS retirement account as a salaried or self-employed investor. There are two types of NPS accounts: Tier-I (Retirement Account) Tier- II (Voluntary Investment Account) The primary difference between NPS and other provident fund investments is that NPS allows you to build your corpus aggressively. It follows an auto-rebalancing method to maintain a portfolio with a declining risk as you age. Additionally, you can avail of a deduction of up to Rs 2 lakhs for your contribution. The risk-return on NPS investment will depend on the portfolio mix you choose and the length of time you stay invested. Thus, this retirement investment option works well for both risk-averse and aggressive investors.

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Present Saving Investment Plans

Senior Citizen Saving Scheme – As part of the saving-investment plan, SCSS is a plan funded by the Government of India as a savings option for residents of the country over the age of 60. From the day an account is opened, and once the initial deposit has been made in a bank, it takes five years to grow and mature. However, this can only be extended once for another three years. From April till June 2020, the Senior Citizen Savings Scheme had an interest rate set at 7.4%. This was then considered the highest interest rate among the many small savings schemes within the country. To make matters even easier, this scheme is available to private and public banks and India Post Offices.

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Best Investment Options in India in 2026

Senior Citizen Savings Scheme (SCSS): Senior Citizen Saving Scheme or SCSS is one of the best investment plans, which helps investors fulfil their retirement goals by generating a stable income. It is one of the small savings investment options and you can invest a lump sum in this scheme after turning 60. You will receive a fixed interest payout every quarter. You can open an SCSS account in 2 ways: Via post-office Via Bank It is a very popular investment option for senior citizens due to its guaranteed and attractive returns. The current rate of returns is 8.20% effective from 1.4.2024 to 31.3.2025. These rates are subject to change quarterly. Recent developments show that the Government of India has not increased the interest rate on the SCSS for the October-December 2025 quarter. The interest rate remained at 8.2%, providing account holders with a steady return on their deposits. Here are some features of SCSS you should know: You can invest in it if you have attained the age of 60. People over the age of 55 can also apply if they have taken the VRS (Voluntary Retirement Scheme) The minimum investment is ₹1000, i.e., you have to deposit more than or equal to ₹1000 The maximum investment is ₹15 lakh. You cannot invest more than this amount Interest is paid quarterly The maturity term is 5 years, which can be further extended by up to 3 years more

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Present Saving Investment Plans

Bank Fixed Deposit – In India, this is considered one of the safest methods of saving investment plans compared to equity and mutual funds. According to the rules of the DICGC (Deposit Insurance and Credit Guarantee Corporation), each individual who has decided to deposit in a bank will be insured to a maximum amount of ₹5 lakhs. This was put into effect from 4th February 2020 and was available to both the principal and interest amount. However, before this, the insured amount was placed at a maximum of ₹1 lakh for the interest and the principal amount. To further help the people, schemes that provide monthly, quarterly, half-yearly, and so on interest options were made available.

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Best Investment Options in India in 2026

Bank Fixed Deposit: Bank fixed deposit is another popular investment option in India that ensures the safety of your money and provides stable returns. You can invest a lump sum amount and it will offer a fixed rate of interest for a specific term. After your term is over, you will receive the principal with compound interest added over the term. Consider the following things while investing in a bank fixed deposit: Bank FD offers guaranteed returns. Thus, the principal amount is safe You cannot withdraw from your FD till it matures. By withdrawing before the term, you can lose out on compound interest and incur penal charges These are some of the most flexible investment options in India The investment term can be as low as 7 days and can go as long as 10 years The interest rate agreed upon at the start will continue throughout the term in a Bank FD. Thus, the return on your deposit is fixed until maturity You can either receive the interest or reinvest it Banks also allow you to auto-renew your FD upon maturity.

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Present Saving Investment Plans

Pradhan Mantri Vaya Vandana Yojana – This is another saving investment plan for the senior citizens 60 years and above. The Government of India launched the plan to serve as a pension scheme and an investment opportunity. During the initial planning, the scheme was created to run for three years, from 4th May 2017 to 31st March 2020. However, based on how well-received, the scheme has been extended for another three years until 31st March 2023. For the year 2020-21, and to help benefit the users, the scheme provides a starting return at 7.40% per annum. This will then be reset every year.

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Best Investment Options in India in 2026

Pradhan Mantri Vaya Vandana Yojana: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is one of the investment options available for the financial safety of senior citizens, i.e., those who are 60 and above. It helps you with a regular income stream after the age of 60. It also offers interest of 7.4% per annum but it has longer validity. This is the ongoing interest rate that is available till March 31, 2023. Here are some features of PMVVY for which you may consider this investment option: Pension payable at a monthly, quarterly, or yearly mode It has a maturity date of 10 years The minimum amount you have to invest is Rs 1000, and the maximum you can invest in a month is Rs 9250. You can use this against taking loans up to 75% value provided you have held it for over 3 years.