Government Savings Bonds

With cumulative savings of Rs 3.48 lakh crore, DBT has drastically reduced leakages, curbing the misuse of funds that previously plagued welfare programs

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

Go for half-yearly payouts if you seek regular income

After drawing flak for closing the most sought-after investment instrument, particularly among senior citizens, Economic Affairs Secretary Subhash Chandra Garg clarifies only the rate has been tweaked

At 7.75% interest, the instrument has the highest returns when compared to other fixed-income products