If you are planning for investment and you are looking for a scheme with guaranteed returns, then post office schemes can prove to be a better option for you.
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If you are planning for savings investment and looking for a scheme with guaranteed returns, then post office savings schemes can be a better option for you. You can also earn well by managing your money properly in the post office saving scheme.
For savings, most people rely more on bank FDs or other banking schemes. But instead of FD, you can get more benefit from your savings through post office saving schemes. At the same time, the rate of interest in most post office schemes is higher than almost all banks. Let us know about the saving schemes of the post office:
post office time deposit scheme
Time Deposit Scheme of Post Office is one of the most famous and small saving plans. This scheme gives 6.7% guaranteed return on fixed deposit of five years. This plan can be renewed every five years, making it a great long-term saving option.
Senior Citizen Saving Scheme
This scheme of the post office has been started especially for the senior citizens i.e. the elderly. In this scheme you get 8% return on your savings. Apart from this, there is no risk of any kind in investing in this plan. In this you get complete guarantee of safety.
monthly income plan
In the Monthly Income Savings Plan, you get an increase in the interest rate from 6.7% to 7.1%. This is such a scheme, in which you can get guaranteed returns every month by depositing money at one go. In this, your money remains completely safe and there is no effect of market fluctuations. Investment has to be made only once in MIS account. Its maturity is of 5 years.
National Saving Scheme
The interest rate on National Savings Certificate (NSC) has been increased from 6.8% to 7.0%. NSC can be bought for a minimum of Rs 1000 and no limit has been fixed for the maximum investment. That is, you can invest any amount of money in it. In this, you do not have to deposit money for a very long time. This scheme of yours matures in 5 years. Interest is compounded on an annual basis and guaranteed returns are available.