Nowadays, most people want to invest in a place where they can get good returns in a safe way. When we think of big returns, the first option that comes to mind is the stock market. But the stock market goes up and down, so it is not risk-free. If you want safety, bank fixed deposits, post office term deposits, or recurring deposits are the trusted choice of crores of middle-class people in the country.

The post office has many schemes that give safe and good returns. Term deposits and recurring deposits are popular. Apart from these, the post office also has other safe schemes that can give support after retirement and help you live peacefully in old age.

Post Office saving schemes are backed by the government. They are safe and risk-free. Many people like schemes such as PPF, SCSS, and MIS. These are good for people who do not want risk. They also give tax benefit up to ₹1.5 lakh under Section 80C.

Post Office Schemes With High Interest

Here are 8 schemes that give up to 8.2% interest.

1. Post Office Monthly Income Scheme (POMIS):
One-time deposit. Interest 7.40% per year. Minimum ₹100, then in multiples of ₹1,000. Maximum ₹9 lakh (with joint also). Can close after 1 year with 1–2% cut.

2. Kisan Vikas Patra (KVP):
Interest 7.50% per year. Minimum ₹1,000. No maximum limit. Money doubles in fixed time.

3. Sukanya Samriddhi Yojana (SSY):
For girl child. Maximum deposit ₹1.5 lakh per year. Interest 8.2%. Tax benefit also.

4. Senior Citizen Savings Scheme (SCSS):
Interest 8.20%. One deposit only. In multiples of ₹1,000. Maximum ₹30 lakh. Good for senior citizens.

5. National Savings Certificate (NSC):
Interest 7.70% per year. Minimum ₹1,000. No maximum. Time is 5 years.

6. Post Office Recurring Deposit (RD):
Interest 6.70% per year. Minimum ₹100. No maximum. Loan up to 50% after 12 deposits. Can close after 3 years.

7. Public Provident Fund (PPF):
Deposit ₹500 to ₹1.5 lakh per year. Interest 7.10% per year. Lock-in 15 years. Interest is tax-free.

8. Post Office Savings Account:
Interest 4% per year. Minimum balance ₹500. Can open single or joint.