Dhanteras 2023 Post Office Saving Schemes: The festive season has arrived and we think of giving gifts to our loved ones on auspicious occasions like Dhanteras and Diwali for their better future. Investing to secure their financial future can be the greatest gift they can give.
Dhanteras 2023 Post Office Saving Schemes: The festive season has arrived and we think of giving gifts to our loved ones on auspicious occasions like Dhanteras and Diwali for their better future. Investing to secure their financial future can be the greatest gift they can give. Post Office offers many such investment schemes in which you can invest this Dhanteras or Diwali. Let us know about these schemes.
Recurring Deposit
Post Office Recurring Deposit Account is a safe option for those looking for guaranteed returns for 5 years. You can invest a minimum of Rs 100 or any money in multiples of Rs 10 in this scheme every month. From October 1, 2023 to December 31, 2023, 5 year post office RD will now get 6.7 percent annual interest instead of 6.5 percent.
PPF Account
You can open a Public Provident Fund (PPF) account at any post office or bank branch. This account can be opened for just Rs 500. You can deposit up to Rs 1.50 lakh annually in PPF. The maturity period of this account is 15 years. After maturity, you can extend it for another 5 years. 7.1 percent annual interest is being given on PPF scheme. If you deposit Rs 12,500 every month in PPF account and maintain it for 15 years. So you will get a total of Rs 40.68 lakh on maturity. Your total investment in this will be Rs 22.50 lakh, while the interest income you will get is Rs 18.18 lakh. These calculations yielded an interest rate of 7.1 percent per annum for 15 years. The money may change at maturity if the interest rate changes.
Women Honor Certificate
Mahila Samman Savings Certificate is a government scheme run by the government for women investors. This scheme is open for investment till March 2025 i.e. for a period of two years. Under this scheme, an investment of Rs 2 lakh can be made in the name of women or girls. In this, fixed interest of 7.5 percent is available annually. 40 percent of the money can be withdrawn after 1 year of account opening. If you invest Rs 2 lakh in Mahila Samman Savings Certificate for 2 years, you will get Rs 2.32 lakh on maturity. It works just like FD.
Kisan Vikas Patra
The amount invested in Kisan Vikas Patra is getting interest at the rate of 7.5 percent per annum. Investment in this scheme can be started from one thousand rupees. After this investment can be made in multiples of Rs 100. There is no maximum limit on investment in this. You can also invest by opening a joint account. Apart from this, nominee facility is also available. The government is giving more than 7 percent interest on its investment. The money invested in Kisan Vikas Patra will double in 115 months. Under the Kisan Vikas Patra Scheme, the account of a minor below 10 years of age can be opened.
Senior Citizen Saving Scheme
You can invest up to Rs 30 lakh in Senior Citizen Saving Scheme (SCSS). Currently the interest on it is 8.2 percent. You will get Rs 20500 on monthly basis. Now senior citizens will get Rs 20,500, which was earlier Rs 9,500. In this scheme of the government, senior citizens get money in the form of interest every month.
Post office savings account
A minimum deposit of Rs 500 is required in this scheme and there is no limit on the maximum deposit. Any person can open an account in his own name either individually or jointly with an adult person. The account can be opened on behalf of a minor. The government is giving 4 percent interest on this scheme.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana was started eight years ago in the year 2015. This scheme is 21 years old. But the daughter’s parents have to deposit money only for the first 15 years. The account remains operational without depositing money for 6 years. Under Sukanya Samriddhi Yojana, accounts of daughters below 10 years of age are opened in the name of their parents only. Under this scheme, you can deposit Rs 250 to Rs 1.50 lakh annually. You can open an account under Sukanya Samriddhi Yojana with Rs 250. Interest is being given on this at the rate of 8 percent. The government is running this scheme for daughters.
