Post Office schemes: Many post office schemes are giving attractive returns. Some schemes are getting 8% more interest. Let’s know which scheme can prove to be a better option for you?
Post Office Schemes: Many people consider post office scheme as a better option for investment. These schemes are supported by the central government. Along with security, interest is also available. The government determines the interest rates of these small savings schemes every three months. If you are planning to invest, then some post office schemes can prove to be a better option for you. Currently, more than 8% interest is also being given on them.
Sukanya Samriddhi Yojana is at the top of this list. This scheme has been started by the government for the daughters of the country. The interest rate is 8.2% per annum. You can invest from Rs 250 to Rs 1.5 lakh. It also provides the benefit of tax exemption under section 80C. Guardians can open an account in the name of girls below 10 years of age.
You will get more than 8% return on these schemes too
People aged 60 years or above can invest in Senior Citizens Savings Scheme. You also get the benefit of tax exemption in this. The minimum investment amount is Rs 1000 and the maximum is Rs 30 lakh. The interest rate is 8.20%.
You will also get good interest on these schemes
- The post office is already offering 7.10% interest on Public Provident Fund. Its duration is 15 years. You also get the benefit of tax exemption. You can start with just Rs 500. The maximum investment amount is Rs 1.5 lakh.
- Investors are also getting attractive interest on 5-year NSC. The interest rate is 7.70%. You get the benefit of tax exemption. However, TDS is not applicable. You can start with Rs 500. There is no maximum investment limit.
- Kisan Vikas Patra Scheme is also included in this list. You can start with Rs 1000 in this. There is no maximum investment limit. The interest rate is 7.50%. However, the benefit of tax exemption is not available on this scheme.
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