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Government Schemes: Post office schemes have always been considered a good option for investment. Your money is completely safe in these schemes. There is also a good return available. Today we are going to tell you about 5 popular post office schemes.
The interest rates of all these schemes have not changed in 2021. With the beginning of the new year and the new quarter from January 1, 2022, the interest rates of these schemes will be reviewed. It is possible to change these.
Sukanya Samriddhi Yojana
- This scheme was started under the ‘Beti Bachao Beti Padhao’ campaign.
- Under this scheme, a parent or legal guardian can open an account in the name of the girl child.
- The age limit of the girl child should be less than 10 years to open the account.
- Under this, only one account can be opened in the name of each girl child.
- In this scheme of post office, the highest interest is getting 7.60 percent.
- In this, tax exemption is available under 80C.
- It will take 9 years to double the money in this scheme.
Senior Citizens Savings Scheme (SCSS)
- In this scheme, interest is available at the rate of 7.4 percent.
- Age should be 60 years to open an account in this.
- The minimum investment is Rs 1000 and the maximum is Rs 15 lakh.
- Deposits mature after 5 years from the date of account opening, but this period can be extended for 3 years only once.
- Being backed by the government, the returns on it are guaranteed.
- In this, tax exemption is available under 80C.
- This plan doubles your money in 9 years.
public provident fund
- At present, 7.1% interest is being given on the amount deposited in the Post Office Public Provident Fund accounts.
- This plan comes with EEE status. In this, tax benefits are available in three places. Contribution, interest income and maturity amount, all three are tax free.
- The benefit of tax exemption is available under section 80C of the Income Tax Act.
- PPF account can be opened with only Rs.500. But later it is necessary to deposit Rs 500 every year in one go.
- Only a maximum of Rs 5 lakh can be deposited in this account every year.
- This scheme is for 15 years, from which it cannot be withdrawn in the middle. But it can be extended for 5-5 years after 15 years.
- In this scheme, your money will double in about 10 years.
Kisan Vikas Patra
- Kisan Vikas Patra Scheme is a one time investment scheme of the Government of India.
- In this, your money doubles in a fixed period.
- Currently, 6.90 percent interest is being given in this scheme.
- Government guarantee is available on post office schemes, so there is absolutely no risk in it.
- In this, tax exemption is not available under section 80C.
- In this plan, your amount will double in 10 years 4 months.
National Saving Certificate (NSC)
- Interest is getting 6.8% per annum on investment in NSC.
- The interest is calculated on an annual basis, but the amount of interest is paid only after the tenure of the investment.
- A minimum investment of Rs 1000 has to be made in this scheme. There is no maximum investment limit.
- NSC account can be opened in the name of a minor and joint account can be opened in the name of 3 adults.
- Minors above the age of 10 years can also open the account under the supervision of the parents.
- By investing, you can save tax on an amount up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
- In this scheme also your amount will double in ten years.
Read also:
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