Investing your money somewhere is highly essential. This is because if the money is not invested we end up making unnecessary expenses for which we can only regret later on. Further, investments also help in saving not just for any rainy day which might come in unannounced, but also secures our future especially our post-retirement days.


However, there are many best saving schemes which gives high return in India. If you have not already invested in any, then it is high time that you invest your hard-earned money somewhere. But before you invest, here are some of the important points which you must remember before investing in any savings scheme -
Your Intent
You need to decide the objective behind opting for any kind of investment option. This is because it will greatly help you in choosing the right savings scheme for your needs and yield the best returns. For instance, if you want to save for the purposes of retirement, then you can consider PPF or Public Provident Fund. It is backed by the Government and is also provides tax-benefits and has a lock-in period of 15 years which can be extended by another 5 years.
Withdrawal Conditions
Despite the best efforts not to withdraw funds before their maturity, there do come instances when we have to. This is owing to the fact that emergencies can knock anyone’s door anytime. There are some savings scheme which allow the invested amount to be withdrawn before maturity subject to paying a penalty, and then there are those which do not allow you to withdraw at all. For this reason, you must ensure that you check the lock-in period of the savings scheme you are planning to opt for before investing.