One of the finest savings instrument that is safe, best and profitable is public provident fund and general provident fund.
You may be subscribing to GPF. You must increase the subscription to 25% of your gross income per month. Suppose if you receive 20000 as gross salary increase your subscription to 5000 per mensem. Increase it by 1000 every two years. So if you are 30 years now and if you start saving in G F as told above, you will be getting not less than 35 to 40 lakhs while you quit service. If you are shrewed you should be following the reinvesting theory. As and when your GPF subscription reaches five lacs please withdraw 50% and reinvest in an instrument which gives more than 8% interest like LIC money plus, Birla's scheme, or TATA AIG Insurance which are as safe as Government instruments.
By this you not only repay your GPF loan but also you save a portion of this.
Go to any main post office and obtain a ppf form, public provident fund scheme pay a decent sum as subscription, make monthly payment and you can get a sizable return while you retire.
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