If you are planning to invest, then you can invest in these excellent schemes of Post Office where you are guaranteed safety along with better returns.
New Delhi. If you are doing investment planning, then now you do not have to worry about your money at all. There are many Post Office Small Savings schemes in which if you invest, you can become a millionaire in a few years. Today we will tell you about some special post office schemes, through which you can earn bumper benefits. It has plans ranging from 5 years to 15 years.
Invest in these schemes 4 schemes that make post office millionaires- Public Provident Fund (PPF), Recurring Deposit (RD), National Savings Certificate (NSC) and Time Deposit (TD) scheme are in this list. Through these schemes, investors can prepare a large fund in a few years.
In Kisan Vikas Patra
Post Office Kisan Vikas Patra, investors get double the amount invested after the maturity period. A minimum investment of Rs 1,000 has to be made in this. At the same time, there is no maximum limit on the investment amount. This scheme is specially made for the farmers. By investing in it, they can save their money on long term basis. Currently, 6.90 percent interest is being given in this scheme. In this, there is no tax exemption under section 80C.
Post Office RD
Post Office Recurring Deposit is the best option for small savings. By investing through this, you can easily fulfill your dream. RD account is opened in the post office for a minimum period of five years. Whereas banks give the facility to open RD account for six months, one year, two years, three years etc.
National Savings Scheme
National Savings Certificate is getting interest at the rate of 6.8 percent. According to this rate, your money will double in about 10 years 7 months. Apart from this, exemption can also be taken under 80C of Income Tax. There is a lock-in period of 5 years on the investment made in this i.e. you cannot withdraw money from it before 5 years. A minimum investment of Rs 1000 will have to be made in this scheme. NSC account can be opened in the name of a minor and joint account in the name of 3 adults. Minors above the age of 10 years can also open the account under the supervision of the parents.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is the best option to secure the future of your daughters. Right now you are getting 7.6 percent return in this scheme. In such a situation, if someone invests in this scheme, then his money will double in 9 years and 6 months. In this scheme of the post office, the highest interest is getting 7.60 percent.