Post Office Scheme: Post Office schemes are a safe and reliable option for Indian investors. These include a variety of schemes that give investors a good return on their money. This scheme is not only safe but also provides you with regular income.
The main objective of this scheme is to enable people to save and provide financial security. Being run by the government, these schemes are considered completely safe. In this article, we will discuss all the aspects of this scheme, such as interest rates, maturity period and other important information.
Scheme Features
Minimum Investment Amount: The minimum investment in this scheme is ₹60,000.
Maturity Period: You have to keep your money invested for at least 5 years.
Interest Rate: You get 8.2% annual interest on this scheme.
Tax Benefits: You get tax exemption under Income Tax Section 80C on the investment made in this scheme.
How to invest?
First of all, go to the nearest post office. Submit the required documents like identity card and proof of address. Fill the form and deposit your amount.
Other Benefits
Security: This scheme is secured by a government guarantee.
Flexibility: You can withdraw your investment prematurely, but with certain conditions.