Nothing is guaranteed these days. Most people now understand the importance of saving money. So, they are investing in different options based on their needs.
If you also want good returns from your investment, post office schemes can be a great choice. These schemes have no risk and give guaranteed returns. That’s why post office investment plans are the best option for people who want safe and risk-free investments.
If you want to save tax or earn regular income, post office schemes can meet all your needs. Many of these schemes are already very popular across the country. Some special post office schemes also give higher returns with complete safety.
1. Post Office Monthly Income Scheme
If you want a fixed income every month, the Post Office Monthly Income Scheme is a good choice. You get 7.4% interest. You can invest up to ₹9 lakh in one account and ₹15 lakh in a joint account.
2. Public Provident Fund (PPF)
You can invest in the Public Provident Fund with ₹500 to ₹1.5 lakh per year. The scheme gives 7.1% interest for 15 years. You also get tax benefit under Section 80C.
3. Sukanya Samriddhi Yojana (SSY)
This scheme helps you save for your daughter’s education and marriage. You can invest ₹250 to ₹1.5 lakh per year. It gives 8.2% interest and tax benefit under Section 80C. It is a long-term saving plan for your daughter’s future.
4. Time Deposit (TD)
You can deposit money for 1, 2, 3, or 5 years. You get 6.9% interest for 1 year, 7% for 2–3 years, and 7.5% for 5 years. You can start with ₹1,000. There is no maximum limit. The 5-year TD also gives tax benefit under Section 80C.
5. National Savings Certificate (NSC)
You can buy a National Savings Certificate for 5 years. It gives 7.7% interest. You can start with ₹1,000. If you invest ₹5 lakh, you will get ₹7,24,517 after 5 years. Your total gain will be ₹2,24,517.