Looking for safe investments with guaranteed returns? These post office schemes might be just what you need.
In the investment world, many people chase high returns by taking risks. But there are also those who prefer safe and steady returns. For such investors, post office small savings schemes are among the best options.
These schemes offer government-backed security, fixed interest rates, and are easily accessible for everyone.
Whether your goal is short-term or long-term, these top 10 post office schemes offer you a secure way to grow your money.
1. Post Office Savings Account
If you want a simple and safe place to save money, the Post Office Savings Account is ideal. You only need to keep a minimum balance of ₹500.
It gives a stable interest rate of 4% that doesn’t change with market ups and downs. It’s a reliable and flexible option for everyday savings.
2. National Savings Recurring Deposit (RD) Account
This is a trusted savings plan where you can start investing with just ₹100. There’s no upper limit, so you can invest as much as you like over time. Interest is compounded quarterly, helping your money grow faster.
3. National Savings Time Deposit (TD) Account
Perfect for medium to long-term investment, you can begin with ₹1,000. You can choose a term of 1, 2, 3, or 5 years. Interest depends on the term and is compounded annually, giving you safe and solid returns.
4. National Savings Monthly Income Account
This scheme is ideal for retired people or anyone who wants a fixed income every month. You can deposit up to ₹9 lakh individually or ₹15 lakh jointly. Every month, you receive interest payouts to help manage regular expenses.
5. Senior Citizen Savings Scheme (SCSS)
Specially made for people aged 60 and above, this government-backed scheme allows investments from ₹1,000 up to ₹30 lakh. It offers quarterly interest payouts, providing a steady income for senior citizens post-retirement.
6. Public Provident Fund (PPF)
A great long-term investment plan, PPF allows you to invest from ₹500 to ₹1.5 lakh per year.
The returns are completely tax-free, making it excellent for retirement savings. It comes with a 15-year lock-in period and ensures both safety and good returns.
7. Sukanya Samriddhi Account (SSA)
This special scheme is designed for the financial future of girl children. You can start with just ₹250 and invest up to ₹1.5 lakh a year.
It currently offers a high interest rate of 8.2%, the highest among all small savings schemes.
The account matures when the girl turns 21 or can be partially withdrawn after age 18 for marriage.
8. National Savings Certificate (NSC)
NSC is ideal for those who want safe returns and tax savings. You can start with just ₹1,000 and there’s no maximum limit. It has a lock-in period of 5 years and offers guaranteed, fixed interest returns.
9. Kisan Vikas Patra (KVP)
KVP is a secure way to double your investment. There’s no upper limit, so you can invest according to your capacity.
Your money doubles in about 124 months (roughly 10 years and 4 months), making it a strong long-term option.
10. Mahila Samman Savings Certificate (MSSC)
This new scheme is specially for women and offers secure, high returns. Women can invest from ₹1,000 to ₹2 lakh.
It offers fixed interest and is designed to promote financial independence and savings among women.
Why Choose Post Office Small Savings Schemes?
If you want a completely safe investment option, post office schemes are a great choice.
They’re backed by a government guarantee, so your money is secure. Unlike market-linked options, the returns here are stable. That’s why many people prefer to invest in these reliable schemes.
