Abstract

Saving money is one of the essential aspects of building wealth and having a secure financial future and giving a way out from the uncertainties of life and providing one with an opportunity to enjoy a quality life.A survey was conducted among the rural households of Tirunelveli District regarding their saving habit with the help of a specially prepared Interview Schedule. The collected data were processed through SPSS software. The statistical tools percentage analysis, t-test, correlation analysis, ANOVA, Regression analysis and illustrative charts were adopted to interpret the results. The study shows that the sample respondents have less knowledge of mutual funds and have the practice of saving in organized sources rather than unorganized sources. Further, it is concluded that it is observed the major objective behind the saving is to meet the Old age commitments and to lead a secure life.

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