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Post Office Small Saving Scheme: Post Office Small Saving Scheme is a great investment option for the common people, in which you can start with a very small amount and get guaranteed returns. People are getting interest up to 8.2 percent per annum on small savings schemes. The government decides the rates of these schemes.
If you are an investor who wants to avoid risk and like to get guaranteed returns, then Post Office Small Savings Schemes are a great option for you. These government guaranteed schemes give annual interest up to 8.2 percent.
Public Provident Fund (PPF) – Public Provident Fund, one of the most popular savings schemes in the country, offers 7.1% annual interest. Investment in this can be made from Rs 500 to Rs 1.5 lakh and its tenure is 15 years.
Sukanya Samriddhi Yojana (SSY) – Sukanya Samriddhi Yojana, a special scheme for daughters, gives an annual return of 8.2%. Investment in this can be made from Rs 250 to Rs 1.5 lakh and it matures in 21 years.
Kisan Vikas Patra (KVP) – Investment in Kisan Vikas Patra doubles in 115 months. The interest rate in this scheme is 7.5 percent per annum.
Mahila Samman Savings Certificate – Mahila Samman Savings Certificate, a scheme meant for women, gives 7.5% interest. A maximum of Rs 2 lakh can be invested in this and its tenure is 2 years.
National Savings Certificate (NSC) – You can earn 7.7 percent annual interest through National Savings Certificate. It matures in 5 years.
National Saving Time Deposit – Investment can be made in this for a period of 1 to 5 years and the interest rate ranges from 6.9 percent to 7.5 percent.
National Saving Time Deposit – Investment can be made in this for a period of 1 to 5 years and the interest rate ranges from 6.9 percent to 7.5 percent.
