Post Office Monthly Income Scheme
The festival of Diwali is considered a symbol of wealth and prosperity. On this occasion, everyone wants happiness and Goddess Lakshmi to reside in their house. If you also want to earn permanent profits by investing your money in a safe place this Diwali, then Post Office Investment Schemes can prove to be a great option for you.
Post office schemes are guaranteed by the government, hence investment in them is completely safe. Here neither the fluctuations of the market affect nor there is any danger of capital sinking. Apart from this, the benefit of tax exemption and fixed interest rate is also available. Let us know about 5 such post office schemes which can come as Lakshmi to your house this Diwali.
Post Office Monthly Income Scheme
If you want fixed income every month, then this plan is right for you. 7.4% interest rate is available in this scheme. A maximum of ₹9 lakh can be invested in a single account, while up to ₹15 lakh can be invested in a joint account. Interest comes into the account every month, which ensures regular income.
Public Provident Fund
This scheme, which provides the benefit of both safe investment and tax savings for the long term, is the first choice of the people. Currently, 7.10% annual interest is being given on PPF. A minimum investment of ₹ 500 and maximum of ₹ 1.5 lakh per year can be made in this. Its duration is 15 years and it can also be extended. Also, tax exemption is available under section 80C.
Sukanya Samriddhi Yojana
This is the most popular plan for the daughter’s future. It is giving 8.20% interest annually. The investment amount can range between ₹250 to ₹1.5 lakh per year. This scheme helps in meeting big expenses like daughter’s education and marriage. Apart from this, tax benefit is also available in it.
post office time deposit
This scheme works like bank FD, but is more reliable. In this you can invest for a period of 1, 2, 3 or 5 years. The interest rate for 1 year is 6.9%, for 2 and 3 years it is 7%, while for 5 years the interest rate is 7.5%. Investment can be started with a minimum of ₹ 1000 and tax exemption is available under Section 80C on deposits of 5 years.
National Savings Certificate
This is a fixed income scheme, which is fully guaranteed by the government. Currently, it is offering 7.7% interest rate and its maturity period is 5 years. Investment can be started with just ₹ 1000. The benefit of tax exemption is given under section 80C.