A Guaranteed Income Plan is a financial product that provides a fixed and assured income stream to the investor for a specified period or for life. It is designed to offer financial security by ensuring regular payouts, making it ideal for retirement planning or stable cash flow needs.
Tax Saving Bonds are government or corporate-issued debt instruments that offer tax benefits under the Income Tax Act. These bonds help investors save taxes on the invested amount while earning fixed interest over a specified tenure, making them a safe and effective investment for tax planning.