India Post offers several Savings Schemes which are safe, have tax rebates and relatively more interest rates than bank deposits

A Post-Office Recurring Deposit Account (RDA) is a  banking service offered by Department of post, Government of India at all post office counters in the country.

The scheme is meant for those investors who want to deposit a lump sum of money for a fixed period.

National Savings is a long term safe savings option for the investor. The scheme combines growth in money with reductions in tax liability as per the provisions of the Income.

The scheme is meant for investors who want to invest a sum amount initially and earn interest on a monthly basis for their livelihood.