If you’re looking for a safe investment with guaranteed returns, Post Office Small Savings Schemes can be an excellent option. These government-run schemes not only protect your capital, but many also offer tax benefits under Section 80C of the Income Tax Act. The Post Office offers nine major savings schemes, offering investment options for everyone, from children to senior citizens.

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Risk-Free Schemes

Why Investing in Post Office Schemes is Beneficial

Post Office schemes are low-risk investment options, eliminating the risk of capital loss. Interest rates on these schemes range from 4% to 8.6%, which are fixed and independent of market risk. These rates are reviewed quarterly by the government, ensuring investors’ continued returns.

What Post Office Schemes are available?

Currently, the post office offers savings accounts, recurring deposits, time deposits, Public Provident Fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS), and Sukanya Samriddhi Yojana. Of these, Sukanya Samriddhi Yojana, PPF, NSC, time deposits, and the Senior Citizen Scheme are eligible for tax benefits under Section 80C.

Tax-Saving Schemes

If you are looking for long-term investments with tax savings, PPF, NSC, time deposits (5 years), Senior Citizen Scheme, and Sukanya Samriddhi Yojana are excellent options. These schemes are not only safe but also offer the dual benefit of tax exemption.

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Current Interest Rates and Investment Limits

Different rates apply to different schemes. The Senior Citizen Scheme offers 8.6 percent interest, the Sukanya Samriddhi Yojana 8.4 percent interest, and PPF and NSC 7.9 percent interest. Recurring deposits offer 7.2 percent interest, Kisan Vikas Patra and Monthly Income Scheme 7.6 percent interest, and savings accounts 4 percent interest. Investment amounts are also fixed according to the scheme, ranging from a minimum of ₹100 to a maximum of ₹1.5 million.