I am 37 and my salary is Rs 90,000 per month and that of my wife is Rs 40,000 per month. Our monthly expenditure is around Rs 30,000. I am thinking of increasing my investments in Public Provident Fund (PPF) to Rs 70,000 per year and also open a recurring deposit in a Post Office of Rs 5,000 per month for 5 years and then shift it to National Savings Certificate (NSC).
This article was originally published on July 08, 2009.