Safe Investment Options India: Nowadays, everyone is conscious about investing. People research the scheme before investing to avoid any risk. However, we are going to tell you about some investment schemes that offer safe investments and excellent returns. If you are considering a lump sum investment and are considering a safe investment like an FD, these options can be very useful for you. Let’s learn about them in detail.
Public Provident Fund
PPF is a long-term, safe investment scheme. The maturity amount in PPF is received in 15 years. If you invest in it, you earn an interest rate of 7.1%. Tax benefits are available on both the interest and the maturity amount.
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Senior Citizen Savings Scheme
Talking about the Senior Citizen Savings Scheme, people above 60 years of age can easily invest in it. This scheme is specifically designed for the elderly. It offers an interest rate of 8.2%, and the maturity amount is received in 5 years. This scheme can be extended further and also offers tax benefits.
Post Office Time Deposit
The Post Office TD scheme is similar to an FD. It offers higher interest rates. Its tenure is 1, 2, 3, and 5 years. The special feature of this scheme is that it offers tax benefits for investing for 5 years.
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Sukanya Samriddhi Yojana
This scheme is specifically designed for daughters. It offers an interest rate of 8.2%, and the maturity amount is received in 21 years. It also offers tax benefits.