Everyone wants that they should keep doing some savings, so that they do not have to face the shortage of money further. Post Office Schemes can be very useful for you in this problem. We are telling about five such tremendous schemes being operated from the post office, which not only give more interest on your investment than banks, but also give you the benefit of excellent tax exemption.
Schemes for children to the elderly
In the Post Office, according to the different needs of the customers, a total of 12 different types of Saving Schemes are being operated here. These schemes of the post office are not for any one age group, but are going to benefit from children to the elderly. These include from Sukanya Samriddhi Yojana to Senior Citizen Saving Scheme. Let’s know about them.
- Sukanya Samriddhi Scheme
Your daughter’s future will be secured with this scheme. Sukanya Samriddhi Scheme is known as the best savings scheme according to the good rate of interest and tax exemption. In this, you get interest at the rate of 7.6 percent. Along with this, tax benefits are also available under section 80C on deposits up to Rs 1.50 lakh. This account can be opened only for girls below the age of 10 years by their parents. - Senior Citizen Saving Scheme
The second saving scheme of the post office focuses on the elderly. An interest rate of 7.6 percent is given in Senior Citizen Savings Scheme or Senior Citizen Saving Scheme. In this scheme also, investors get the benefit of tax exemption under section 80C on deposits up to 1.50 lakhs. Apart from this, interest and maturity are also completely tax free. Under this scheme, people who have completed 60 years of age can open an account. This scope is up to 55 and 50 years respectively for retired general employees and military personnel. - National Saving Scheme-NSC
National Saving Scheme is a Small Saving Scheme run by the Central Government. You can open its account in the post office. Along with tax exemption benefit, the post office is also providing a good investment option through National Savings Certificate (National Saving Scheme-NSC). In this scheme, the investor gets interest at the rate of 6.8 percent. Any Indian citizen can open this NSC account. Its special thing is that the interest of NSC automatically gets added to the investment amount. - Kisan Vikas Patra
It is not as its name suggests. Because this screen has not been started keeping only the farmers in mind. In this, any Indian citizen can open his account. In Kisan Vikas Patra Scheme, 7 percent more interest is available than NSC. One minus point of this scheme is that under this you do not get any tax exemption. At the same time, the special thing is that for a certain period, your investment money is doubled. - PPF Account Scheme
PPF Account Scheme is currently a very popular scheme. This scheme is beneficial for investors of all ages. In this, children, women, elders all can open their account. Interest is given at the rate of 7.1 percent on the amount deposited in PPF account. Although, it is slightly less than the post office’s Sukanya Samriddhi Yojana, but despite this it remains the most popular post office scheme. In this too, tax exemption is available under 80C on deposits up to Rs 1.5 lakh.
