New Delhi :
When it comes to safe investment options, many people prefer post office schemes as they are backed by the Government of India and offer reliable returns.
Here are 5 post office schemes where you can invest your money for assured returns:
1. National Savings Certificate (NSC):
Minimum investment: Rs 1,000. Maturity period: 5 years. Interest rate: 7.1% (subject to change). Tax benefits: Exempted under 80C
2. Senior Citizen Saving Scheme (SCSS):
Eligibility: For individuals aged 60 years and above. Maturity period: 5 years. Interest rate: 8.2% (subject to change). Maximum investment: Rs 15 lakh
3. Sukanya Samriddhi Yojana (SSY):
Eligibility: Account can be opened for a girl child below 10 years of age. Maturity: Account ownership transferred to the girl child at 18 years of age
Interest rate: 8% (subject to change). Investment limit: Rs 250 to Rs 1.5 lakh per financial year. Tax benefits: Exempted under section 80C
4. Post Office Time Deposit:
Maximum investment: Rs 1.5 lakh. Maturity period: 5 years. Tax benefits: Exempted under 80C. Interest rate: 7.50% on a 5-year deposit
5. Public Provident Fund (PPF):
Maturity period: 15 years. Maximum investment: Rs 1.5 lakh per financial year. Tax benefits: Exempted under 80C. Interest rate: 7.1% (subject to change)
These post office schemes offer safe investment options with attractive interest rates, making them a popular choice among investors.
Investing in these schemes can also provide tax benefits under section 80C of the Income Tax Act. However, it’s essential to check the latest interest rates and other details before making any investment decision.