[ad_1]
Post Office Savings Scheme: For the last few days, a lot of ups and downs are being seen in the Indian stock market. Due to which people are not liking to invest in the risky equity market. In such a situation, people are investing their hard earned money in the post office. By investing in the Post Office Small Savings Scheme, you can easily get the facility of higher guaranteed returns in the long term. Know about some such small savings schemes of the post office, which can fulfill many of your needs.
These are the 3 plans
In this news, we are going to give you information about 3 saving schemes of post office, which is giving you tremendous guaranteed returns. In these 3 schemes, the benefits of Post Office Recurring Deposit Account, Post Office Time Deposit Account (POTD) and Post Office National Savings Certificate (National Savings Certificate- NSC) are going to be explained. Is. These schemes are coming with a lock-in of 5 years except for fixed deposits. There are many benefits of investing money in these post office savings schemes. You will get guaranteed returns here and investing in this scheme is considered very safe, because these schemes are being received from the post office of the central government. The benefit of tax deduction is also being given in 2 of these schemes.
RD account scheme in post office
If you are looking for a safe RD with guaranteed returns for 5 years, then this post office scheme can be of use to you. The name of this scheme is RD Account (Post Office Recurring Deposit Account) scheme of the post office. In this scheme, 5.8 percent interest is being given on RD. This interest rate is available quarterly. If you can invest at least Rs 100 or any amount in multiples of Rs 10 every month in this scheme. There is no maximum investment limit in this scheme.
National Savings Certificate Scheme
Post Office National Savings Certificate (NSC) scheme is available with a lock-in period of 5 years. This is the third scheme which is offering an attractive interest rate of up to 7% for a period of 5 years. Under this scheme, you can invest a minimum of Rs 1000 and in multiples of Rs 100. Also there is no maximum deposit limit. In this scheme, you can withdraw your money only after the completion of the lock-in period of 5 years. However, subject to certain conditions, you can withdraw your investment prematurely. The amount deposited under this scheme is considered eligible for deduction under section 80C of the Income Tax Act.
post office time deposit account
It is being known from the name of this scheme (Post Office Time Deposit Account) that it is a type of FD scheme. Under this scheme, you can deposit your money in the post office for 1, 2, 3 or 5 years. 6.8 percent interest is being given on FDs of one, two and three years. If you are looking for good returns, then you should invest in time deposit for 5 years. On 5 years you will get the highest interest rate of 7%. Also, you can get the benefit of income tax exemption under section 80C of the Income Tax Act, 1961. Under this scheme, you can also open an account with a minimum amount of Rs.1000. You can invest as much as you want. There is no maximum investment limit in this.
You will get this much interest rates
| Duration | Rate of interest |
| 1 Year Time Deposit Account | 6.60 percent |
| 2 Year Time Deposit Account | 6.80 percent |
| 3 Year Time Deposit Account | 6.90 percent |
| 5 Year Time Deposit Account | 7 percent |
read this also-
[ad_2]
Source link