New Delhi: Many people earn money by making fixed deposits in banks. By making fixed deposits, money is safe and future returns are easily achievable. Amid rising inflation, people are not liking the interest on fixed deposits. It’s becoming a pittance for them.
We’re going to tell you about some schemes where you can earn decent interest. There are three amazing central government schemes where your money is safer than even a bank deposit. If you miss the opportunity to invest, you’ll miss it. We’re also going to tell you about these special schemes for women, which will eliminate corruption.
You’ll get good interest under the National Savings Certificate Scheme
Did you know that the National Savings Certificate Scheme offers good interest? You can make this scheme a part of the government’s profits. The National Savings Scheme offers up to 7.7% interest. You can start investing with just ₹1,000. It also offers tax exemption under Section 80C, making it even more attractive.
RBI Floating Rate Savings Bonds are also great.
For those who don’t want to invest for 5-10 years and are looking for an FD option, this is a masterstroke. Currently, it offers a robust interest rate of 8.05%, which surpasses most bank FDs.
Buying it is a breeze; simply download the RBI Retail app and start investing. Interest rates fluctuate based on market dynamics, so there’s no fear of losing profits. A decent return is easily achieved.
Key Points About NPS
If you don’t want to beg for money after retirement, NPS is the best option. It invests your money in a mix of stock market and government bonds, yielding an average return of up to 8%. Along with the investment, you also get significant income tax benefits. After the age of 60, it gives you the luxury of both a lump sum and a monthly pension.
