Small savings schemes are quite famous among the schemes offering the benefit of guaranteed returns.
These schemes include the names of schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS).
At present, there are a large number of people who prefer to invest in funds with guaranteed returns for investment. Apart from this, people who invest in equity mutual funds also invest in such schemes, which give guaranteed returns. Small savings schemes are quite famous among the schemes offering the benefit of guaranteed returns.
These schemes include the names of schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS). But often people are not able to calculate the returns received under these schemes. Today we are going to tell you an easy way to calculate the returns you will get in these schemes.
Simple way to calculate returns
A large number of people invest in these schemes. The interest rate available through these schemes is reviewed by the government before every quarter. That is, the interest rate changes every third month. However, those investing in these schemes get to know at that time what is the interest rate going on in that quarter.
You can calculate the returns received under these schemes through the mobile application ‘PostInfo’ issued by the Department of Posts. Through this, you can calculate and find out how much return you will get by investing in these schemes. This app has been brought for the purpose of calculating the interest received under the Post Office Saving Scheme.
Through ‘PostInfo’ app, you can get monthly income scheme (MIS), National Savings Certificate (NSC), Post Office Savings Account (POSA), PPF, SSY, SCSS, Kisan Vikas Patra (KVP), Time Deposit and RD schemes. One can calculate the interest rate and get an idea of what the investment might be worth in the future.
