Everyone wants that their hard-earned money is not only safe but also gets regular income. Especially in today’s times, when there is volatility and uncertainty in the stock market, people are looking for reliable and safe investments.
Understanding this need, the Indian Postal Department has started an explosive scheme. In this scheme you have to invest only ₹ 1 lakh and in return you will get a guaranteed return of ₹ 23,508 every year.
You will get great interest without risk
The biggest feature of this post office scheme is that it is risk-free. If you invest ₹1 lakh, you will get a fixed interest of ₹23,508 every year. This scheme is a boon for those who want stable and reliable income without any worries. Whether you are an employee, a housewife or retired, this scheme is perfect for you.
Calculation of interest and regular income
In this scheme, interest is calculated on an annual basis. The entire interest amount is deposited directly into your account, giving you regular income every year. The government keeps updating the interest rates from time to time, due to which this scheme remains attractive for investors for a long time.
Complete security with government guarantee
Post office schemes have always provided assurance of safe investment. This new scheme also comes with the guarantee of the Indian Postal Department and the Government, which means your money is completely safe. Especially the elderly and employed people are liking this scheme very much, because it gives them a way of regular income without any tension.
Who will get the most benefit?
This scheme is beneficial for everyone who is looking for a stable income. This scheme is great for working people, housewives, small businessmen and especially senior citizens who want regular income after retirement. If you want to avoid stock market uncertainty or banking risks, then this scheme is the perfect option for you.
Very easy to apply
To start investing in this scheme, you will have to go to your nearest post office. There you have to submit basic documents like Aadhar Card, PAN Card and passport size photo. You can easily become a part of this scheme by filling the form and depositing the investment amount. After this your account will be activated and interest will start earning on annual basis.
Tax benefits and necessary conditions
A big advantage of investing in this scheme is that you can get the benefit of tax exemption under Section 80C of the Income Tax Act. However, tax rules may apply to interest income. Therefore, it is important to understand all the terms and conditions of the scheme thoroughly before investing.
discussions are happening everywhere
As soon as this new scheme of the post office was launched, it became popular from social media to news channels. People are praising its guaranteed returns and safe investment. Whether you want to invest small or big, this scheme has brought a great opportunity for every category.