Govt. Scheme: Investment in small savings schemes of the Post Office across the country has always been a better option. Because there is no risk of any kind here.
Govt. Scheme: If you invest and want to take the highest interest, then we have brought a great government scheme for you and every penny will be safe in this government scheme. Because this government scheme belongs to India Post Office, not anyone else, because the post office is the only way across the country that people blindly trust most of the post offices. This government scheme is of post office. Let us tell you that people like to invest in the new scheme of the post office. One reason for this is that with good returns, there is complete guarantee of the security of your money. There is no risk involved in investing here. The interest rates of the schemes here are fixed every quarter. That is, you know in advance that when and how much interest or return you are going to get.
Senior Citizen Savings Scheme
If you have not yet invested in any post office savings scheme, then you can secure your future by investing in this government scheme of post office. Let us tell you that if you have crossed the age of 60 years and want to get the benefit of tax saving as well as higher returns than bank FD, then you can invest in the Senior Citizen Scheme of the Post Office. You get the highest interest rate of 7.4% on investing in this scheme. This interest is accrued on the deposit after every three months. You can invest a minimum of Rs 1,000 and a maximum of Rs 15 lakh in this. It can be invested for up to 5 years.
Public Provident Fund Account
By investing in Public Provident Fund Account (PPF), you will get the benefit of tax saving along with good returns. You get a return of 7.1% on this scheme as compound investment. You can invest money in this scheme for a total period of 15 years. The minimum investment amount is Rs 500 which can be maximum of Rs 1.5 lakh for every financial year. After 3 years you can also take a loan on it and after 5 years you can also withdraw some amount from this account if needed.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is such a great scheme in which you can invest and build a huge fund for your little daughter. This scheme gives an interest rate of 7.6%. In this scheme, you can open this account for a girl child of three months to a daughter of 10 years. In this, you can invest a minimum of Rs 250 and a maximum of Rs 1,50,000 every year. By investing in it, you also get exemption under section 80C of Income Tax. On the other hand, after the girl child turns 21, you can invest the entire amount from the account.
