Post Office Schemes: Many schemes of post office are considered good for investment. There is no risk of any kind here. If you open an account in this, then you get many benefits. Today we are telling about 4 such schemes of post office, which give bumper returns.
Post Office Schemes: In today’s era, most people have understood the need for savings. This is the reason why they invest in different places according to their needs. If you want to earn big money by investing, post office schemes can prove to be better. There is no risk of any kind here. Returns are guaranteed. In such a situation, it is not wrong to say that post office investment schemes are a better option for those who want to invest without any risk.
Overall, if you want to save tax or want to get regular income, then post office investment schemes are according to your every need. Many investment schemes of post office are quite popular in the country. In this episode, today we are going to tell you about some selected investment schemes of post office, where you get good returns on investing.
1 – Post Office RD Scheme
The RD scheme of the post office is considered better in terms of investment. You can open an account by depositing Rs 100 in it. There is no limit on the maximum deposit amount. A minor above 10 years can also open an account with his parents. After turning 18, he will have to fill a new KYC and form. Currently, 6.7 percent interest is being given on this scheme. The maturity of this account is in 5 years, which you can also extend for the next 5 years according to your need.
If you wish, you can close the account after 3 years of its opening. If the account holder dies, the nominee can either claim the amount or continue the account. You can also open this account through mobile banking or e-banking.
2 – Post Office Monthly Income Scheme
If you want to get regular income, then Post Office Monthly Income Scheme is a good option for you. By investing in this scheme, you are getting an interest rate of 7.4 percent. In this scheme, you can invest a maximum of Rs 9 lakh in a single account and a maximum of Rs 15 lakh in a joint account.
3 – Public Provident Fund
You can invest in Public Provident Fund (PPF). The minimum amount in this is Rs 500 and the maximum amount is Rs 1.50 lakh annually. At present, 7.10 percent interest is being given on PPF. Its duration is 15 years. In this, you can also avail tax exemption under section 80 C of the Income Tax Act.
4 – Sukanya Samriddhi Yojana
If you want to invest in the bright future of your daughters, then Sukanya Samriddhi Yojana (SSY) is the best scheme. This scheme is specially designed for girls, which helps in meeting their education and marriage expenses. You can invest a minimum of Rs 250 and a maximum of Rs 1.50 lakh annually in this scheme. This scheme is giving interest at the rate of 8.20 percent. It provides tax exemption under section 80C. This is a long term saving option, through which big expenses like daughter’s higher education and marriage can be easily met.
