These certificates will help in tax deductions. They do not have any risk like mutual funds .
They are not insurance premiums too so will never have fear of lapsing.
When you need money ( at difficult situations) you can even sell them.
Even can take loan as a security.
They are not even like chitfund as chitfunds itself can be a cheat.
when these small saving will accumulated you yourself will see its best in saving though you will not find high returns like others.
Is it even worth it to invest such a pittance?
Heck yeah it is! One of the best ways to invest small amounts of money cheaply is through Dividend Reinvestment Plans (DRPs), also known as Drips. They and their cousins, Direct Stock Purchase Plans (DSPs), allow you to bypass brokers (and their commissions) by buying stock directly from the companies or their agents.
More than 1,000 major corporations offer these types of stock plans, many of them free, or with fees low enough to make it worthwhile to invest as little as 5000 or 10,000 at a time. Drips are ideal for those who are starting out with small amounts to invest and want to make frequent purchases (dollar-cost averaging). Once you're in the plan, you can set up an automatic payment plan, and you don't even have to buy a full share each time you make a contribution.