Post Office Schemes Interest Rate: Everyone wants to invest money without risk. So we will tell you about these 5 government schemes of post office which guarantee profit. Yes, there are some schemes of post office which give safety along with good returns as compared to share market etc. By investing in these schemes of post office, you can do financial planning for the future. So let’s know about these schemes.
Post Office Scheme
Everyone is looking for the right option for investment. This is the reason why the government is also running the best investment scheme for the benefit of the people. There are 5 such safe and high return schemes of post office, in which investing is a profitable deal for everyone. Some schemes of post office not only help in saving tax, but also provide financial security in the long run, so let’s know about such 5 famous schemes of post office.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is considered to be a very beneficial scheme of the government. This scheme especially works to provide security to the future of daughters. In this scheme, you can invest a minimum of Rs 250 to a maximum of Rs 1.5 lakh annually in the name of your daughter. This scheme gives an interest rate of about 8.20%. You can get the benefit of tax exemption under section 80C.
Public Provident Fund
Public Provident Fund (PPF) is also a safe and long term beneficial scheme for investment. In this scheme run by the government, you can get an investment option of Rs 500 to Rs 1.5 lakh annually. This amazing scheme gives an interest of about 7.10%. The total period of PPF is 15 years. This scheme is considered good for investment to save money and tax.
National Saving Certificate
NSC VIII Issue (National Saving Certificate) is considered to be the best investment option of the post office. People invest a lot in this scheme for high and safe returns. In this scheme, investment can be started with a minimum of ₹ 1,000 and there is no maximum investment limit. In this scheme, investors get up to 7.70% interest. This scheme also provides tax exemption under section 80C.
Senior Citizen Savings Scheme
Senior Citizen Savings Scheme (SCSS) is considered to be the best beneficial scheme for senior citizens. This scheme giving good returns is best for those aged 60 years or above. Investment in SCSS scheme will start from ₹ 1,000 and maximum investment of up to ₹ 30 lakh can be made. Along with giving about 8.20% annual interest, it also provides tax exemption under section 80C.
Kisan Vikas Patra
Famous for doubling money, Kisan Vikas Patra (KVP) is always considered a safe scheme for investment. Investment in this scheme starts from ₹ 1,000 and there is no maximum investment limit. It gives an annual interest rate of about 7.50%. Investors can redeem this scheme only after 2.5 years. (Note- The news is based on general information, check the interest rate before investing.)
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