Everyone wants his hard earned money not only to be safe, but also regular income from him. Especially in today’s era, when the stock market fluctuations and uncertainty remains, people are looking for reliable and safe investment.
Realizing this need, the Indian Postal Department has launched a banging scheme. In this scheme, you have to invest only ₹ 1 lakh and in return you will get a guarantee of ₹ 23,508 every year.
Great interest will be available without risk
The biggest feature of this scheme of post office is its risk-free. If you invest ₹ 1 lakh, then you will get an interest of ₹ 23,508 every year. This scheme is a boon for those who want stable and reliable income without any concern. Whether you are employed, housewife or retired, this scheme is perfect for you.
Calculation of interest and regular income
Interest is calculated on an annual basis in this scheme. The entire amount of interest is deposited directly in your account, which keeps you regular income every year. The government keeps updating interest rates from time to time, due to which this scheme remains attractive to investors for a long time.
Complete security with government guarantee
Post office plans have always been assuring safe investment. This new scheme also comes with the guarantee of the Indian Postal Department and the government, that is, your money is completely safe. Especially the elderly and employed people are very fond of this scheme, because it gives them a way of regular income without any tension.
Who will get the most benefit?
This scheme is beneficial for every person who is looking for stable income. The scheme is fantastic for employed people, housewives, small traders and especially senior citizens seeking regular income after retirement. If you want to avoid the uncertainty of the stock market or banking risks, this scheme is the perfect option for you.
Extremely easy to apply
To start investing in this scheme, you have to go to your nearest post office. There you will have to submit basic documents like Aadhaar card, PAN card and passport size photos. You can easily become part of this scheme by filling the form and depositing the amount of investment. After this your account will start and interest will start getting on an annual basis.
Tax benefits and necessary conditions
One of the major 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 from interest. Therefore, it is necessary to understand all the conditions of the scheme well before investing.
Discussion is happening everywhere
This new scheme of the post office has been dominated from social media to news channels as soon as it is launched. People are highly praising its guaranteed returns and safe investment. Whether you want to invest small or big, this scheme has brought a great opportunity for every class.