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Post Office Saving Schemes: Investing cash within the put up workplace is taken into account to be the most secure possibility even right now. If you’re additionally searching for a authorities scheme to economize, wherein you get the good thing about good curiosity together with the safety of cash, then we’ll inform you about 3 such authorities schemes, wherein you get the good thing about nice curiosity.
Public Provident Fund
Public Provident Fund (PPF) is an efficient funding possibility. In this, you get the good thing about annual curiosity on the price of seven.1 p.c. The lock in interval of this scheme is 5 years. By investing on this scheme, you get the good thing about exemption underneath part 80C of Income Tax. In this scheme, you may make investments a minimal of Rs 500 and a most of Rs 1.5 lakh in a monetary 12 months.
Sukanya Samriddhi YojanaPost Office Saving Schemes
If you’re frightened about the way forward for your daughter, then you may make investments cash in Sukanya Samriddhi Yojana. In this scheme, the investor will get 7.6 p.c rate of interest yearly. In this additionally you may make investments a minimal of Rs 250 and a most of Rs 1.5 lakh yearly. Under this scheme, the account could be opened from the age of 0 to 10 years of the woman youngster. Let your daughter know that after 18 years she will make partial withdrawal from the account for research. After the woman youngster completes 21 years, she will withdraw the complete cash from the account.
Senior Citizen Saving Scheme
Post Office Senior Citizen Savings Scheme presents the best rate of interest after PF. In this scheme, you get the good thing about curiosity on the price of seven.4 p.c. You can make investments on this scheme for a tenure of 5 years. After this, if you’d like, you may prolong this scheme for an additional interval of three years. Along with this, the investor additionally will get the power of untimely closure of the account on this scheme.
How a lot are you able to make investments?
Investors can make investments a minimal of Rs 1000 and a most of Rs 15 lakh within the Post Office Senior Citizen Savings Scheme. On the opposite hand, senior residents get exemption underneath part 80C of Income Tax by investing on this scheme.
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