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Public Provident Fund: The lowest risk is to invest in Public Provident Fund (PPF). There is no risk of money being drowned in it. At present, PPF gets interest at the rate of 7.1% per annum and the government also gives a tax benefit of up to 1.5 lakh for investing in PPF under Section 80C of Income Tax. Its lock period is 15 years. If you deposit 1000 rupees every month for 15 years in PPF, then the total deposit becomes 1,80,000, but in return you will get Rs 3,25,457. Apart from this, tax benefit will be available separately.
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