While the market remains volatile, these four excellent government-guaranteed savings schemes from the Post Office not only keep your money safe but can also yield profits worth lakhs. Investing in gold has become very expensive, but you can start with a small investment in these government schemes and secure your future without any risk.
4 Amazing Post Office Schemes
Post Office schemes are one of the most reliable sources of financial security for every common man. These schemes offer high and fixed interest rates along with income tax exemption.
Public Provident Fund (PPF)
The PPF scheme has a long tenure of 15 years, but it offers an annual interest rate of 7.1%, which is completely tax-free. You can start with just ₹500 and invest up to ₹1.5 lakh per year. Government guarantees and tax exemptions make it an exceptional option for long-term investment.
National Savings Certificate (NSC)
NSC is a robust savings scheme that currently offers an excellent annual interest rate of 7.7%. Investments can be started with ₹1,000, and there is no maximum limit. After 5 years, you receive the entire investment amount along with interest. Unlike gold, it offers no fluctuations, no fear of theft, only guaranteed returns and government protection.
Sukanya Samriddhi Yojana (SSY)
If you have a daughter, the Sukanya Samriddhi Yojana is a boon. This scheme offers a high annual interest rate of 8.2%. Investments can be started with just ₹250. You can invest in it until your daughter turns 21, creating a huge fund worth lakhs for her education and marriage. It also offers tax exemptions.
Kisan Vikas Patra (KVP)
The Kisan Vikas Patra scheme doubles your money in approximately 9 years and 10 months, or rather, offers an annual interest rate of 7.5%. Investments can start with ₹1,000, and there’s no maximum investment limit. This is an excellent option for those looking to grow their money quickly over a fixed period with minimal risk.
Why are post office schemes still the best option
Post office savings schemes are a reliable option for people from all walks of life. While investing in gold has become very expensive these days, these schemes offer all the opportunities to save tax, secure your daughter’s future, or grow your savings without risk. Most importantly, your money is completely safe due to the government guarantee.