Post Office Scheme: In which post office scheme will investment be more beneficial? Check complete details here..
There are many people in the country who want to invest but do not take risks at all. In such a situation, government-backed investment schemes are the only way out which can give you guaranteed returns and also reduce the risk.
Indian Post Office is running many such government schemes in the country, where you get interest up to 8.2 percent annually. If you get low risk, high interest, and guaranteed returns, then no one faces much difficulty in investing.
Today we will tell you about one such scheme of the post office in which you can get more benefits by investing. Post Office runs 10 schemes in the country which are also called Small Savings Scheme. Let us know these schemes one by one. The interest of all the schemes mentioned here is above 7 percent.
Senior Citizen Saving Scheme (SCSS)
In the list of entire post office schemes, you will get the most benefit from this scheme because the interest rate of this scheme is the highest. At present the government is giving 8.2 percent annual interest on this scheme.
To avail the benefits of this scheme, your age should be more than 60 years. Apart from this, retired people above 55 years of age and below 60 years can also invest in this scheme, however, such people will have to invest in this scheme within 1 month of receiving their retirement benefits.
You can invest a minimum of Rs 1000 and a maximum of Rs 30 lakh in this scheme. This account matures after 5 years. However, you can extend it for 3 more years any number of times.
Sukanya Samridhi Yojana
If you are not eligible for the senior citizen scheme then you can invest in Sukanya Samriddhi Yojana. The government is currently offering 8 percent interest on this scheme, which is the highest after the Senior Citizen Scheme.
However, you can invest in this scheme only if you have a daughter. You can invest in this scheme only in the name of your daughters and that too if your daughter's age is less than 10 years. This account can be opened in the name of a maximum of two girls in a family.
You will have to invest a minimum of Rs 250 in this scheme in a financial year, although you can invest a maximum of Rs 1.5 lakh in this scheme. This account becomes mature after 21 years from the date of account opening. You can withdraw money from this account when the girl turns 18 years old or passes 10th.
National Savings Certificate
In this scheme, the government gives you 7.7 percent interest annually. The minimum amount to invest in this scheme is Rs 1000 and there is no maximum amount. Any adult can invest in this scheme. This account becomes mature after five years.
Apart from this, you can also earn good returns by investing in Kisan Vikas Patra (7.5 percent interest), Mahila Samman Saving Certificate (7.5 percent interest), and Public Provident Fund (7.1 percent interest).