Sarkari Saving Schemes: The government is running many saving schemes in the country. This saving scheme is for common people, children, women, girl child and elders. Government is running government saving scheme for every age group
Sarkari Saving Schemes: The government is running many saving schemes in the country. This saving scheme is for common people, children, women, girl child and elders. Government is running government saving scheme for every age group. Here you are being told about 10 government schemes being run by the government. You can invest in these schemes of the government through post office and bank.
These are the 10 government schemes being run by the government.
1. Women’s Honor Certificate
Mahila Samman Savings Certificate is a government scheme run by the government for women investors. Launched by Finance Minister Nirmala Sitharaman in the Union Budget 2023-24, this initiative aims to empower women and make them financially strong. Mahila Samman Savings Certificate Scheme has opened for investment from 27 June 2023. The investment will be made in this for 2 years. This scheme is open for investment till March 2025 i.e. for a period of two years. Under this scheme, Rs 2 lakh can be invested in the name of women or girls. In this, a fixed interest of 7.5 percent is available for every year. 40% of the money can be withdrawn after 1 year of account opening. If you invest Rs 2 lakh in Mahila Samman Savings Certificate for 2 years, you will get Rs 2.32 lakh on maturity. It works like FD.
2. National Savings (Monthly Income Account) Scheme
In this, a minimum of Rs 1000 can be invested in a single account. You can invest a maximum of Rs 9 lakh in a single account and Rs 15 lakh in a joint account. This account matures in 5 years. This account is getting 7.4 percent interest. The specialty of this post office scheme is that you keep earning every month.
3. National Savings Time Deposit Account
You can invest in this government scheme for one year, 2 years, 3 years and 5 years. You can invest a minimum of Rs 1000 in this. There is no limit on the maximum. Simple interest is given on this scheme. In this scheme, from July 1 to September 30, 2023, 6.90% interest is given for one year, 7.5% for 2 years, 3 years and 5 years.
4. Kisan Vikas Patra
Interest is being received at the rate of 7.5 per cent annually on the amount invested in Kisan Vikas Patra. Investment in this scheme can be started from one thousand rupees. Thereafter, investments can be made in multiples of Rs.100. There is no maximum investment limit in this. You can also invest by opening a joint account. Along with this, the facility of nominee is also available. The government is giving more than 7 percent interest on its investment. The money invested in Kisan Vikas Patra will double in 115 months. Under the Kisan Vikas Patra Yojana, the account of a minor below 10 years of age can be opened.
5. Recurring Deposit
Post Office Recurring Deposit Account is a safe option for those looking for guaranteed returns for 5 years. You can invest a minimum of Rs 100 every month or any amount in multiples of Rs 10 in this scheme. Interest is available quarterly at an interest rate of 5.8 percent. There is no limit on the maximum investment in this.
6. PPF Account
You can open a Public Provident Fund (PPF) account at any post office or bank branch. This account can be opened for just Rs.500. You can deposit up to Rs 1.50 lakh annually in PPF. The maturity period of this account is 15 years. After maturity, you can extend it for 5-5 years. The PPF scheme is getting 7.1 percent interest annually. If you deposit Rs 12,500 every month in PPF account and maintain it for 15 years. So you will get a total of Rs 40.68 lakh on maturity. Your total investment in this will be Rs 22.50 lakh, while the interest income will be Rs 18.18 lakh. These calculations yielded an interest rate of 7.1 percent per annum for 15 years. If the interest rate changes, the money at maturity can change.
7. Senior Citizen Saving Scheme
Along with implementing the new tax regime, Finance Minister Nirmala Sitharaman had made a big announcement for senior citizens. Under this, the investment limit in Senior Citizen Savings Scheme (SCSS) was increased from Rs 15 lakh to Rs 30 lakh. With this change, senior citizens are getting more return on investment than before. Right now interest is being received on this at 8.2 per cent. On increasing the investment limit to Rs 30 lakh from the Finance Minister and increasing the interest rate to 8.2 percent, a total of Rs 42.30 lakh will be received with an interest of Rs 12.30 lakh on maturity of five years. In this, 20500 rupees will be available on the basis of the month. Now senior citizens will get Rs 20,500, which was earlier Rs 9,500. In this scheme of the government, senior citizens get money in the form of interest every month.
8. Post Office Savings Account
A minimum deposit of Rs 500 is required in this scheme and there is no limit on the maximum deposit. Any individual can open the account either individually or jointly with any adult in his own name. The account can be opened on behalf of a minor. The government is giving 4 percent interest on this scheme.
9 Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana was started eight years ago i.e. in the year 2015. This scheme is of 21 years. But the parents of the girl child have to deposit money only for the first 15 years. The account remains operational for 6 years without depositing money. Under the Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened only in the name of their parents. Under this scheme, you can deposit from Rs 250 to Rs 1.50 lakh annually. Account can be opened in Sukanya Samriddhi Yojana with 250 rupees. It is getting interest at the rate of 8 percent. The government is running this scheme for the daughters.
