Thanks a lot for such a good advice on savings and future plans. I have one query. I am 23 years old and earning around 3.5L / annum. I have some LIC term policies. For which I pay an annual premium around 66,000/- . FOr this I have opened one savings account in my nearby Bank. I keep my monthly money in this account. And when I suppose to pay the premium , I withdraw it and pay. Could u please suggest me some way out , in which I can debit my money on monthly basis and pay at the time of my premium . But also I should get some benifit for keeping this money for a year in this account.
Thank you very much Uma Shashikant for ur tips on saving. I am 25 years old and was always confused as to how to start about on saving and which one would be more beneficial. But going through the queries have given me a better insight into the matter.thank you.
