Post office schemes: In today’s time, everyone has understood the importance of savings. People invest in different places according to their needs, but the question always remains which investment is safe and gives good returns. For those who are afraid of the stock market and those who are troubled by the falling interest rates of bank FD, Post Office Savings Schemes can be a great option. These schemes sanctioned by the government not only protect your investment, but also give excellent returns.
4 Post Office Scheme: More interest than bank FD!
The most important thing about these schemes is that you can start investing with a very small amount and gradually create a large fund. The biggest advantage of these schemes is that market fluctuations have no effect, that is, the risk is almost zero. This is the reason why these schemes prove to be very beneficial for senior citizens, women, children and working people.
1. Senior Citizen Savings Scheme (SCSS)
If you are looking for financial security after retirement, the Senior Citizen Savings Scheme is a great option. The scheme is specially made for senior citizens, where they get regular income and capital security. The scheme currently pays up to 7.4% interest. It also provides tax exemption under Section 80C of the Income Tax Act. Its time limit and investment limit have also been simplified, making it more accessible.
2. National Savings Certificate (NSC)
If you are looking for a safe and tax -saving investment, the National Saving Certificate is also a great option. This is a government -backed scheme, that is, your money is completely safe in this. The scheme is for five years and is currently paying up to 7.7% interest (subject to change from time to time). The amount invested is eligible for tax deduction under Section 80C. The amount on maturity is completely guaranteed.
3. Sukanya Samriddhi Yojana (SSY)
If you want to invest for the bright future of your daughters, Sukanya Samriddhi Yojana is the best plan. This scheme is specially made for girls, which helps in completing their education and wedding expenses. The scheme is currently getting a high interest rate of 8.2%. It also provides tax exemption under section 80C. It is a long -term saving option, through which big expenses like higher education and marriage of the daughter can be easily met.
4. Post Office Foundation Deposit Scheme
You can invest in the post office time deposit scheme for a period of 1 to 5 years. In this, you are getting more returns than bank FD. The interest rate on one year time deposit scheme is being given 6.9% and 7.5% on 5 years.
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