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A 30-year-old can build a Rs 1 crore corpus by 45 through a disciplined 15-year SIP, assuming a monthly investment of around Rs25,000 and a 12 per cent annual return. The combination of rupee-cost averaging and compounding makes SIPs a powerful long-term wealth tool.

PPF and FD both offer safe returns, but tax-free compounding gives PPF a clear lead over 10-15 years, especially for long-term goals. FDs still work for medium-term needs, monthly income and senior citizens.

Post Office RD offers safe, government-backed returns with quarterly compounding, helping small monthly deposits grow into a 21-lakh fund in five years. The schemes tax benefits, loan facility and ease of access make it a strong choice for risk-averse savers.

CBDT (Central Board of Direct Taxes) Chairman Ravi Agarwal has clarified that the department is currently investigating high-value and red-flagged refund claims due to suspected incorrect deductions.