Post Office Schemes with High Return: If you are looking for a means of investment where your money remains safe and you get good interest on it, then some post office schemes can be useful for you. There are many such 5 year schemes in which more than 7 percent interest is given. Know about these schemes here-
Post office FD
Like banks, post office also has many types of FD options with different tenures. But if you want to get good interest then you can invest in 5 year FD. At present, interest is being given on this FD at the rate of 7.5 percent.
National Savings Certificate
Popularly known as NSC, in this scheme also money is deposited for 5 years. At present, interest is being given at the rate of 7.7 percent. You can start investing in it with Rs 1000. There is no limit on maximum investment.
Senior Citizens Savings Scheme
This scheme is run for senior citizens. In this also the amount is deposited for 5 years. At present, interest on this scheme is 8.2 percent. In such a situation, senior citizens can earn a good amount.
Post Office Monthly Savings Scheme
This scheme, popularly known as Post Office MIS, is going to generate monthly income. In this, an amount of up to Rs 9 lakh can be deposited in a single account and up to Rs 15 lakh can be deposited in a joint account. Interest is given on deposits at the rate of 7.4 percent. Earning comes from this interest. By depositing Rs 15 lakh in a joint account, one can earn up to Rs 9,250 every month from this scheme.
