New Delhi, March 8 -- Tax saving fixed deposits (FDs) and the National Savings Certificate (NSC) are both safe and reliable instruments for conservative investors to earn consistent returns.

When you compare the rate of interest on these options to simply parking your money in a savings account, the yield is demonstratively higher. These are also great tools for goal-oriented savings and can be auto deducted from your bank account to ensure monthly contribution towards the lumpsum.

However, it is advisable to research and compare both options to your own specific needs before making a choice. Notably, tax saving FDs are offered by public and private banks in India, while the NSC is offered by India Post.

So, if you are confused over wh...