In today’s era, economic security is everyone’s priority. In such a situation, if you want your savings not only to be safe, but also get good returns on it, then these four saving schemes are no less than the arrival of any Lakshmi for you. These schemes will not only increase your money, but will also decorate the future.
Public Provident Fund (PPF)
PPF is a long -term and extremely popular investment scheme, which not only pays good interest but also gives discounts in tax. The investment duration is 15 years and the current interest rate is about 7.1%. It comes completely with a government guarantee, making it a very safe option.
Sukanya Samriddhi Yojana (SSY)
If you have a daughter in your house, then this plan is not less than a boon. Under this scheme, an account can be opened in the name of a girl under 10 years of age. The current interest rate is around 8% and the amount of investment gets tax exemption. This scheme is very useful for daughter’s education and marriage.
National Savings Certificate (NSC)
NSC is a fixed income scheme, which you can take from the nearest post office. Its maturity period is 5 years and the interest rate is up to around 7.7%. It is suitable for those who are looking for safe investment for the medium period. There is also a tax exemption under 80C.
Senior civil savings scheme (scss)
This scheme is for citizens over 60 years of age. In this, the interest rate is available up to 8.2%, which is ideal for regular income. A maximum of 15 lakh rupees can be invested and interest is available on a quarterly basis. This scheme can become a strong basis of economic self -sufficiency for the elderly.