The post office is currently getting great interest on many schemes. More than 7 percent interest is being received on these schemes.
Post Office Scheme: Post office schemes are considered a better option for safe investment and great returns. The government changes the interest received on post office schemes every three months. Presently there are 4 such schemes, which are getting attractive interest. Not only this, these schemes can make you rich if you invest properly. Up to 8 percent interest is being received on Senior Citizen Saving Scheme and Sukanya Samriddhi Yojana. But these schemes are for a specified class.
Kisan Vikas Patra
Kisan Vikas Patra Yojana (KVP) is one of the most special schemes of the post office. Money doubles in 115 months if invested. However, tax exemption is not available under this. Presently the scheme is getting 7.5% interest.
National Savings Certificate
The interest rate on National Savings Certificate is currently 7.70%. The scheme matures in 5 years. Which can be extended even further. Investing for about 10 years gives double returns. The maximum investment that can be made is 1.5 lakhs.
Public provident fund
Public Provident Fund is also one of the post office’s money-making schemes. The scheme is getting 7.10 percent interest. Money doubles in about 10 years. The maximum amount of investment is Rs 1.5 lakh.
Time deposit scheme
The post office time deposit scheme is similar to a bank FD. Investments can be made for 1 year, 2 years, 3 years and 5 years. The scheme is getting 6.80% to 7.5% interest. This can prove to be a good option to get the best returns in a short period of time.
