Personal Finance

Spend less than you earn, invest the rest

Novice

Mastery0%

Novice

Note. Education, not financial advice. Tax rules, regulations and product specifics change, for real money decisions, talk to a SEBI-registered advisor whose incentives don't depend on selling you a product.

Concept 10 of 19

framework

Tax-advantaged accounts in India (PPF, NPS, ELSS)

(Public Provident Fund, National Pension System, Equity Linked Savings Scheme)

Three Indian wrappers that let your savings compound with less tax drag.

Definition

Government-backed accounts that reduce your tax bill today, grow tax-free or tax-deferred, and have specific lock-ins, used to compound long-term savings more efficiently than a regular taxable account.

Step 1

Predict first

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.