Today, everyone saves some money from their income and wants to invest it in a safe place where they also get good returns. In this case, the post office small savings schemes are very popular.

These schemes give returns of 7.5% to 8.2% per year. There are schemes for people of every age and class. Here we are telling you about five such schemes where you can build a big fund even with small savings. Out of these, two schemes are special for women.

First Scheme: Sukanya Samriddhi Yojana (SSY)

This scheme is for daughters. Parents can open the account before the girl turns 10 years old. The government gives 8.2% interest per year. Parents can put up to ₹1.5 lakh in a year. It also gives tax benefit under 80C.

If parents put ₹1.5 lakh every year for 15 years, they can get around ₹69,27,578 at maturity. Out of this, ₹22,50,000 is deposit and ₹46,77,578 is interest. The scheme started in 2015. By 2024, more than 4.1 crore accounts were opened.

Second Scheme: Public Provident Fund (PPF)

PPF is safe and long-term. It gives 7.1% interest per year. It also gives tax benefit under 80C.

The lock-in time is 15 years. You can start with just ₹500. The maximum deposit is ₹1.5 lakh in a year. After 15 years, you can increase it for 5 more years. The money you get at the end is tax-free.

Third Scheme: National Savings Certificate (NSC)

NSC is for 5 years. It gives 7.7% interest per year. The interest adds every year but you get the money at the end.

You can invest any amount. It also gives tax benefit under 80C up to ₹1.5 lakh. You can buy it single or joint from any post office.

Fourth Scheme: Post Office Monthly Income Scheme (POMIS)

This scheme gives monthly income. The interest rate is 7.4% per year.

You can start with ₹1,000. In a single account, you can put ₹9 lakh. In a joint account, you can put ₹15 lakh.

If you put ₹9 lakh, you will get ₹5,550 per month. If you put ₹15 lakh, you will get ₹9,250 per month.

Fifth Scheme: Mahila Samman Savings Certificate (MSSC)

This scheme is only for women. It gives 7.5% interest for 2 years.

You can invest from ₹1,000 to ₹2 lakh. Parents can also open for a girl child. If there are 2 accounts, the total money cannot be more than ₹2 lakh.

You can take out 40% money after 1 year. You can close after 6 months but 2% interest will be cut.