Invest money in these schemes
4 schemes that make post office millionaires – This list includes Public Provident Fund (PPF), Recurring Deposit (RD), National Savings Certificate (NSC) and Time Deposit (TD) scheme. Through these schemes, investors can prepare a large fund in a few years.
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>> Public Provident Fund: 7.1 percent
>> Savings Deposite: 4 percent
>> 1 Year time deposite: 5.5 percent
>> 2 Year time deposite: 5.5 percent
>> 3 Year time deposite: 5.5 percent
>> 5 Year time deposite: 6.7 percent
>> 5 Year Recurring Deposite: 5.8 Percent
>> 5 Year SCSS: 7.4 percent
>> 5 Year MIS: 6.6 Percent
>> 5 Year NSC: 6.8 Percent
Kisan Vikas Patra
In the post office Kisan Vikas Patra, the investors get double the amount invested after the maturity period. It has to invest at least Rs 1,000. At the same time, there is no maximum limit for the investment amount. This scheme is specially made for the farmers. By investing in it, they can save their money on long term basis.
Post Office RD
Post Office Recurring Deposit is the best option for small savings. By investing through it, you can fulfill your dream easily. RD account is opened in post office for at least five years. While banks provide the facility of opening RD account for six months, one year, two years, three years etc.
National Savings Scheme (NSC)
The five-year National Savings Certificate (NSC) of the post office yields 6.8% returns in the current quarter. There is a lockin period of 5 years on the investment made in it, ie before 5 years you cannot withdraw money from it.
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Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana)
Sukanya scheme is very popular for daughters. In this scheme, anyone can open an account for their daughters. Daughters 21 years old can withdraw money from this account. In this scheme, the amount will double in 9 years and 4 months.