Read this to save your money, as the new financial year approaches

Just 48 hours and then there will be closing of the current fiscal year paving the way for the new one. This time of the year is not only crucial for companies, be listed or unlisted, business enterprises, but also for salaried individuals. If you are one of them, then do not miss the chance to go through this as reading it and executing some of the suggestions may help you immensely in saving your hard-earned money. Call it, tax-savings steps also to ensure you invest your money wisely--so while one side, such steps will help you saving on taxes, another side investments under these various provisions can bring you hefty returns over a period of time. 
Here you go:

Mutual Fund ELSS Schemes:

Spare few minutes from your hectic schedule this fiscal year-end. Make the best use of internet connections at office or home--or just simply pick up your android or IOS-enabled phone, download the best apps on MF and roll. The funds get invested through the net banking, even debit cards in some cases and if in case investment is made before 3 pm, NAV (maximum 1.5 lakh for ELSS otherwise Rs. 2 lakh) gets allocated on the same day. However, selecting the right ELSS fund can be a tough task these days due to several such funds are available in the MF markets these days. So do some solid number games, indulge into earning some knowledge to find out the best ones giving steady and high returns, opt for e-kyc, fill up a short form online and there you go. Invest your money wisely.

5-year Bank FD:

This is the easiest way of making a tax-saving investment. If you have a KYC compliant account, the only need is that, a person should have net banking access and PAN must be updated on your bank records.
Returns on maturity directly comes in your account, interest rate for 5-year bank FD is currently 7-7.5 per cent
  
NPS Online:

A person can open an NPS account online provided, he has his Aadhar Number with him.
Earlier, an NPS account could be opened online via eNPS portal, but one needed to take the printout of the application and send it to PFRDA’s Central Recordkeeping Agency (CRA) to get sanctioned.
A person can directly make the payment towards NPS account using debit/credit cards.
 
Online Insurance:

This is also a tax saver instrument but, making investments online in insurance plans such as term plan or Ulips may not work all the time, although payment can be made online to buy such plans, underwriting of policy may call for medical check-ups, which could result in rejection of the policy. Still take a chance as most of the times, your policy application may get accepted unless you have a critical medical history like cardiac ailment, renal failure, AIDS, any such critical illness in past five to seven years. The rules may vary at times, there may be a thin line drawn between two policies while comparing. Check out the online policy buying systems also offered by nationalised insurance companies these days. They are not lacking much in comparison to their private counterparts. 
 
Home loan repayment:

Anyone having a home loan, any principal amount repaid through EMI or through lump-sum prepayment is eligible for section 80C benefit.
This can be done online, one just need to add home loan account as a third-party account through the net banking and then transfer the funds as and when needed. So if your home loan instalments are due or you may just like to pay back some more money to your lender and also take advantage of tax savings, go for it.
 
Online Ulips:

Online Ulips can be bought by just visiting the insurer’s website. In this there is no need of paying commission as there is no any mediator involved.
The entire process is online, for this Aadhaar number may be compulsory to buy this plan online.
 
PPF Online:

The process of opening PPF account in a well-known bank itself takes few days, only form must be filled online and later with all the documents one need to visit the bank for verification purpose.
But, in case if anyone already having online PPF account in any of the designated bank’s branch, a person can make online transfer of funds from linked savings account of same or another bank.
 
Health Cover:

A person can buy health insurance online by just visiting any general insurance company’s website, but there could be a need for medical tests or the insurer may not allow buying online above on certain age. Generally, an individual up to the age of 45 can buy health insurance plan online. You can buy it for yourself, family members including spouse and children and even dependent parents. 

So what are you waiting--check with your accountant, in office or the friend whom you think knows more about finance and business, economy, find out how much more you can save on paying taxes. Do the right clicks, make the right move, and well, you be richer.