Investment Tips: Nowadays, investors are not only looking to save money, but also to find options that offer both security and good returns. For a long time, bank fixed deposits were considered the most reliable option, but recently, many banks have reduced interest rates. This is why investors are increasingly turning to government schemes.
The biggest advantage of government schemes is that they have a very low risk of losing money because they are directly supported by the Government of India. Additionally, many schemes offer benefits like tax exemptions and stable returns.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a long-term savings scheme, specifically launched to secure the future of daughters. Currently, this scheme offers an annual interest rate of approximately 8.2 percent, which is higher than many bank FDs.
Under this scheme, an account is opened in the daughter’s name, and parents can invest in it for up to 15 years. The account lasts for a total of 21 years. Investments can be started with a minimum of ₹250, while the maximum annual investment can be made up to ₹1.5 lakh. The key feature of this scheme is that the investment amount, interest, and maturity amount are all tax-free. Therefore, this scheme is considered a good option for long-term goals such as education and marriage.
RBI Floating Rate Savings Bonds
RBI Floating Rate Savings Bonds are among the safest investment options. These bonds are issued by the Reserve Bank of India. Their interest rate resets every six months, ensuring investors receive market-linked returns.
Currently, these bonds offer an annual interest rate of approximately 8.05 percent. Their tenure is 7 years, and interest is credited to the investor’s account every six months. The minimum investment can be started with ₹1,000, and there is no maximum investment limit. However, the interest earned under this scheme is taxable, and investors are required to pay taxes according to their tax slab.
Public Provident Fund
The Public Provident Fund has long been considered a strong, safe investment option. Currently, this scheme offers an annual interest rate of approximately 7.1 percent. A maximum of ₹1.5 lakh can be invested annually, and its maturity period is 15 years.
If an investor invests ₹1.5 lakh annually for 15 years, the total investment will be ₹22.5 lakh. Based on current interest rates, this amount could reach approximately ₹42 to ₹43 lakh at maturity. The biggest advantage of this scheme is that the entire return is tax-free.
Which scheme is right for which investor?
If someone’s goal is to secure their daughter’s future, the Sukanya Samriddhi Yojana (SSY) scheme may be a good option. For those seeking good returns in the medium term, RBI floating rate bonds may be a better option. For a safe, tax-free long-term investment, a PPF is considered a strong option.
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