Saving and investing a portion of your income is a good habit, whether you are employed or run your own business.
While fixed deposits (FDs) are still popular, falling interest rates in banks (around 6–7%) have made Post Office schemes more attractive, offering rates over 7%.
Post Office schemes not only provide good interest rates but also offer tax benefits under the old tax regime.
Some popular schemes include: National Savings Certificate (NSC), Sukanya Samriddhi Yojana, Kisan Vikas Patra (KVP), Senior Citizen Savings Scheme (SCSS), Mahila Samman Savings Certificate, and Monthly Income Account (MIS).
Popular Post Office Schemes
National Savings Certificate (NSC)
NSC is a government-backed savings scheme with an interest rate of 7.7% per annum, compounded.
Investing ₹10,000 can yield around ₹14,490 in five years.
It also offers a tax deduction of up to ₹1.5 lakh under Section 80C.
While the money is locked until maturity, it’s very safe and ideal for medium-term guaranteed returns.
Sukanya Samriddhi Yojana
This long-term savings scheme is designed for a girl child.
Parents can invest for 15 years in their daughter’s name, and the account remains active until she turns 21 or marries.
It offers a high interest rate of 8.2% per annum, and deposits, interest, and maturity amounts are all tax-free.
The scheme is safe and perfect for funding higher education or marriage expenses.
Kisan Vikas Patra (KVP)
KVP is a government-backed scheme that guarantees your investment will double in approximately 9 years and 7 months.
It offers an interest rate of 7.5% per annum, compounded. A ₹10,000 investment grows to around ₹20,000.
It is ideal for long-term savings with zero market risk. Premature withdrawals are limited.
Mahila Samman Savings Certificate
This scheme is for women and girls only.
It has a 2-year term and offers 7.5% per annum, compounded quarterly.
A ₹10,000 deposit grows to about ₹11,602 in two years.
This scheme is suitable for women with medium or small savings who want short-term, safe, and high-interest investment options.
Senior Citizen Savings Scheme (SCSS)
SCSS is designed for retired individuals and senior citizens. It currently offers 8.2% annual interest, credited quarterly.
For example, a ₹10,000 deposit earns around ₹205 every quarter, providing a reliable source of regular income.
A husband and wife can slightly increase the investment limit by opening a joint account.
This scheme is completely safe and available at both banks and post offices.
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