Safe Investment Options: Low risk, high return: These post office savings schemes have become the first choice of investors
post office schemes
Safe Investment Options: In the present era, people have understood the need for investment very well. Investors troubled by the falling interest rates of banks and the fluctuations in the stock market are now looking for safe options. In such a situation, post office savings schemes are becoming increasingly popular among the people. These not only provide complete security to your money, but also ensure good returns.
Safe Investment Options
The biggest feature of these schemes recognized by the government is that you can start investing with a very small amount and create a big fund in the long term. Also, the risk in them is almost zero. This is the reason why these schemes are proving to be beneficial for everyone from the elderly to women, children and working people.
Senior Citizen Savings Scheme (SCSS)
This scheme is considered to be the best for senior citizens who want financial security after retirement. In this, investors get up to 7.4% interest. Also, tax exemption is also available under Section 80C. This scheme is also reliable in terms of capital protection.
National Savings Certificate (NSC)
For those who want to save tax and make a safe investment, National Savings Certificate (NSC) is a suitable option. This five-year plan offers an interest rate of up to 7.7%. Due to government guarantee, the capital is completely safe in it.
Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana is especially popular for securing the future of daughters. It offers a high interest rate of 8.2%. This scheme has become a strong funding option to meet the big expenses of daughter’s education and marriage. It also offers tax relief under Section 80C.
Post Office Time Deposit Scheme
Investment can be made in Post Office Time Deposit Scheme from 1 year to 5 years. It is giving higher returns than bank FD. For example, 6.9% interest rate is being given on one-year deposit while 7.5% interest rate is being given on 5-year deposit.
