Bank Investment Schemes: Public and private sector banks offer a number of investment schemes that are safer, some with assured returns, than market-driven stocks. These investment schemes are regulated by the government-appointed bodies and the assurance of promised returns is made through legislative means. The most popular of these investment schemes - Public Provident Fund (PPF), National Payment System (NPS), Sukanya Samriddhi Yojana and Atal Pension Yojana (APY) - cater to all sections of society. Two of these schemes - APY and Sukanya Samriddhi Yojana - have been launched by Narendra Modi government at the centre in the last four years. Take a look:

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National Payment System (NPS)

National Pension System (NPS) is a defined contribution pension scheme with a defined benefit pension scheme for subscribers. Under NPS, the pension wealth, which accumulates over a period of time till retirement grows with a compounding effect. 

READ FOR DETAILS: National Pension System (NPS) benefits: Get Rs 1 lakh per month pension, save tax in Income Tax return (ITR) filing; here's how

Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana is one of its kind government-backed saving scheme to secure the future of the girl child. it was launched in January 2015 under the "Beti Bachao Beti Padhao" programme of the government. Currently, the SSY investment gains 8.1% interest per annum. Under SSY, a legal guardian or parent of a gir child can invest as low as Rs 250/year up to maximum Rs 1.5 lakh per annum for a period of 15 years. The account matures after the completion of 21 years. 

READ FOR MORE DETAILS: Sukanya Samriddhi Yojana Details: Interest rate, Calculator, eligibility, deposit limit - How and where to open account

Also READ: Modi govt scheme: Gift your daughter Rs 70 lakh, save tax in Income Tax Return (ITR) filing; here's how

Public Provident Fund (PPF)

PPF is a popular tax saving investment scheme. Investment in PPF accounts mature in 15 years. A PPF account holder is allowed to invest anywhere between Rs 500 to Rs 1.5 lakh per annum. A long-term investment instrument, PPF is backed by Government of India. Interest rate and returns from PPF investment is fully exempt from Tax. Presently, PPF offers 7,6% rate of interest. 

Atal Pension Yojana (APY)

APY is a social security scheme in the insurance and pension sector. The scheme provides a defined pension between Rs 1000 and Rs 5000 to individuals after retirement. The scheme is administered by PFRDA through NPS architecture. By an investment of just Rs 210 per year, a subscriber joining at the age of 18, can get Rs 60,000/year pension upon retirement.The APY also provides tax benefit under Section 80 CCD for the contributions made. APY accounts can opened by any citizen of India, who is between 18-40 years of age, after KYC compliance. 

READ DETAILS: Modi govt's Atal Pension Yojana (APY): How to get Rs 60,000 pension with just Rs 210/month investment, Income Tax Return benefits