Everyone wants to invest money without risk. So we will tell you about these 5 government schemes of the post office that guarantee profit. Yes, there are some schemes of the post office that offer good returns along with safety compared to the stock market etc. By investing in these schemes of the post office, you can make financial plans for the future. So let’s know about these schemes.
Post Office Scheme
Everyone is looking for the right option for investment. This is why the government is running the best investment schemes for the benefit of the people. There are 5 safe and high return schemes of the post office, where investing is a profitable deal for everyone. Some schemes of the post office not only help in saving taxes, but also provide financial security in the long run, so let’s know about 5 such famous schemes of the post office.
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Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is considered a very beneficial scheme of the government. This scheme works especially to provide future security to daughters. In this scheme, you can invest from a minimum of Rs 250 to a maximum of Rs 1.5 lakh annually in the name of your daughter. This scheme offers an interest rate of around 8.20%. It also provides tax deductions under Section 80C.
Public Provident Fund
Public Provident Fund (PPF) is a safe and long-term profitable scheme for investment. In this government-run scheme, investment options ranging from Rs 500 to Rs 1.5 lakh per annum are available. In this great scheme, you will get about 7.10% interest. The total tenure of PPF is 15 years. This scheme is considered good for investment in terms of money and tax savings.
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National Savings Certificate
NSC VIII issue (National Saving Certificate) is considered the best investment option of the post office. People invest in large amounts in this scheme for high and safe returns. You can start investing in this scheme with a minimum of Rs 1,000 and there is no limit on the maximum investment. Investors in this scheme get interest of up to 7.70%. This scheme also offers tax deductions under Section 80C.
Senior Citizen Savings Scheme
Senior Citizen Savings Scheme (SCSS) is considered the most beneficial scheme for senior citizens. This scheme, which offers good returns, is best for those aged 60 years and above. Investment in the SCSS scheme starts from Rs 1,000 and can be invested up to a maximum of Rs 30 lakh. Apart from offering an annual interest rate of around 8.20%, it also offers tax deductions under Section 80C.
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Kisan Vikas Patra
Kisan Vikas Patra (KVP) is always considered a safe scheme to invest to double your money. Investment in this scheme starts from Rs 1,000 and there is no maximum investment limit. It offers an annual interest rate of around 7.50%. Investors can redeem this scheme after 2.5 years.
(Note- The news is based on general information, check the interest rate before investing.)
