Everyone wants to find the right option for investment. That’s why the government has introduced several schemes through the post office that are safe and give good returns.
These schemes not only help you save on taxes but also provide long-term financial security. Let’s take a look at 5 popular post office investment schemes that are considered a smart choice.
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Sukanya Samriddhi Yojana
This scheme is specially designed for the future of daughters. It allows you to invest in your daughter’s name with a minimum of ₹250 and a maximum of ₹1.5 lakh per year.
The scheme offers an attractive interest rate of 8.20% and also provides tax benefits under Section 80C. It’s a great way to build a secure future for your child.
Public Provident Fund (PPF)
PPF is a long-term and secure investment plan backed by the government. You can invest between ₹500 and ₹1.5 lakh annually.
The scheme offers an interest rate of 7.10%, and it has a 15-year duration. It’s ideal for those who want to save regularly and enjoy tax benefits under Section 80C.
National Savings Certificate (NSC)
NSC (VIII issue) is a safe investment option with good returns. You can start investing with just ₹1,000, and there’s no maximum limit.
It offers an interest rate of 7.70% and provides tax exemption under Section 80C. This scheme is widely popular for its reliability and consistent returns.
Senior Citizen Savings Scheme (SCSS)
This scheme is specially meant for people aged 60 years and above. SCSS offers high returns and is perfect for senior citizens looking for a safe investment.
You can invest between ₹1,000 and ₹30 lakh. The interest rate is around 8.20% per year, and it also qualifies for tax exemption under Section 80C.
Kisan Vikas Patra (KVP)
KVP is a trusted option for those who want to double their investment over time. You can start with ₹1,000 and there’s no upper investment limit.
It offers an interest rate of 7.50% per year. However, the money can be withdrawn only after 2.5 years. (Note: This is general information—please check the latest interest rates before investing.)