Kuldeep Singh (201 Points)
21 December 2021Which saving scheme is safe for long time in bankrupt condition ? I know only one name is PPF. Please suggest other names for long term investment.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 21 December 2021
All the post office savings schemes are safe.
https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx
Kuldeep Singh
(201 Points)
Replied 21 December 2021
Sir, there is no concept of loss/bankrupt in post office saving account ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 21 December 2021
Almost 99.9% safe.
There are different schemes and not just saving account, PPF is just one among them.
CAclubindia
