Even today, Post Office Schemes are very popular among investors, because there is no fear of losing money in them. Today we are going to tell you about 5 such post office schemes, by investing in which you can create a huge fund. Along with this, these schemes are also helpful in saving tax. Through these schemes, you can save tax up to ₹ 1.5 lakh under section 80C. This is a great way to keep your money safe and save tax.
These are the 5 best tax saving schemes
Public Provident Fund
PPF is extremely popular among investors. Under this scheme, you can deposit a huge amount. Along with this, there is also tax saving of up to ₹ 1.5 lakh under section 80C. Under this scheme, your money remains deposited for 15 years. At the same time, a return of 7.1 percent is available under PPF. It is an excellent option for long-term investment and a secure future.
National Savings Certificate
You can start this scheme with an amount of just ₹ 1000. Like PPF, you can also claim tax deductions through this scheme. Under NSC, tax of up to ₹ 1.5 lakh can be saved using section 80C. This scheme gives 7.7 percent interest. At the same time, money can be invested in it for 5 years. It is an attractive option for low-risk investors.
Senior Citizen Saving Scheme
This scheme is very popular for retirement planning. Senior Citizen Saving Scheme (SCSS) can be started with just ₹ 1000. At the same time, a maximum of ₹ 30 lakh can be invested in it. Under SCSS, you get a return of 8.2 percent. Along with this, you can also avail tax exemption under section 80C in SCSS. This is a secure and high-return scheme for senior citizens.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) has been started especially for daughters. Under this scheme, you can deposit a large amount for your daughter’s future. At the same time, this scheme gives the benefit of saving tax along with investment. You can start this scheme with an amount of ₹ 250. Under Section 80C, tax savings of up to ₹ 1.5 lakh can be made. Under SSY, investors get a return of up to 8.2 percent. This is an amazing investment option for the bright future of daughters.
Post Office Time Deposit Scheme
Under this scheme, you can invest money for 5 years. In this scheme too, you get the benefit of tax savings of up to ₹ 1.5 lakh under Section 80C. Along with this, you can start this scheme with an amount of ₹ 1000. However, it is worth noting that if you have invested for less than 5 years, then tax benefits are not available. Under this scheme, a return of 7.5 percent is available. This is a good option for investors who want safe investment and tax savings for the medium term.