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If you want to grow your money without any risk, then Post Office Small Savings Schemes are a great option. These government guaranteed schemes give safe returns ranging from 7 percent to 8.2 percent. There are many investment options according to every age and need. Let us know about 5 such schemes which give both stable returns and reliable security.
If you want to grow money without risk, then small savings schemes of post office are best for you. Here returns are available from 7 percent to 8.2 percent, that too with government guarantee.
Are these schemes very special for common people? Guaranteed returns, government security, easy tracking, different time period options make them special. Now let us know which 5 schemes are giving the most benefits.
8.2 percent interest is available in Sukanya Samriddhi Yojana. This is the safest scheme for the daughter’s future. Rs 250 to 1.5 lakh can be invested annually in this. Its duration is 21 years. Tax exemption is also available in this.
7.1 percent interest is available on Public Provident Fund i.e. PPF. In this, a reliable option for long-term investment is available. Rs 500 to 1.5 lakh can be invested annually in this. Its duration is 15 years. The advantage in this is that there is tax free interest and safe savings.
7.7 percent interest is available on National Savings Certificate (NSC). This is a popular option with low risk. There is no maximum limit in this. Its duration is 5 years. In this, interest is added every year and payment is made on maturity.
Senior Citizen Saving Scheme (SCSS) gives 8.2 percent interest. This is a great option for retired people. Rs 1,000 to Rs 30 lakh can be invested in this. Its duration is 5 years and can be extended up to 3 years. Interest is available every quarter.
7.5 percent interest is available on Mahila Samman Savings Certificate. This is a special scheme for women. Rs 1,000 to Rs 2 lakh can be invested in this. Its duration is 2 years. This is a soon maturing scheme.
If you want to stay away from market fluctuations, then these post office schemes are perfect for you. In which government security + stable returns = smart saving plan is given!
