If you are also thinking of making big money with very little investment, then this news is for you. We will tell you through our news that how you can become the owner of crores by investing in the post office.
Yes, so that you will not have a problem with money when you need it or in case of any kind of emergency. Let us tell you that with the least risk, you Post Office Scheme (POMIS) can prove to be better for you. Not only this, apart from this, more returns are available.
Depositing money in small savings schemes is always a better option
So if you do not want to invest because you are afraid that your money may sink somewhere, then there is no need to be afraid, rather you should invest in post office schemes. Here money is considered safe. You can invest in various schemes as per your convenience. There are some schemes in the post office, which also give you good profits in a few years. Especially depositing money in small savings schemes of the post office is a better option.
It is also beneficial to invest in the long term
On the other hand, if you have a long-term investment plan, then you should invest in Public Provident Fund. This post office savings scheme offers 7.1 percent compound interest rate per annum. The maturity period of this plan is 15 years, but after that it can be extended for another 5 years. If you no longer need it at the end of the 15-year period, you can carry forward the fund. This will give you the benefit of compounding benefits.
Benefit of tax exemption
If you are planning to invest, then let me tell you that every year you can invest a maximum of Rs 1.50 lakh in this scheme. You can also deposit Rs 12500 monthly instead of depositing Rs 1.50 lakh in a year. Not only this, you can also get tax exemption on PPF under Section 80C of the Income Tax Act. It would be known that even the money earned on its interest is not taxed. On an investment of Rs 22.5 lakh in a savings scheme, you are given an interest of Rs 18 lakh. The maturity of which is in 15 years.
Fund of more than 40 lakhs will be ready in a short time
We tell you that if you save Rs 400 per day i.e. if you invest Rs 12,500 in this scheme every month, then in a year you will have Rs 1.50 lakh. At the same time, in 15 years, the total investment becomes Rs 22.50 lakh, on which you are given an annual interest rate of 7.1 percent. While the maturity amount totals to Rs 40.70 lakh, there is an interest benefit of Rs 18.20 lakh.
1 crore will be available on maturity
Whereas on depositing Rs 12,500 per month for 25 years, the amount of 40.70 lakhs becomes more than double. If the annual interest rate is applicable from 7.1 percent only, then the total investment amount in 25 years is Rs 37.50 lakh. At the same time, with the benefit of interest, Rs 62.50 lakhs interest is available i.e. Rs 1.03 crores will be available on maturity.
Post Office Savings Scheme Interest Rates
- Savings Account : 4%
- 1-Year Time Deposit: 5.5%
- 2 Year Time Deposit : 5.5%
- 3 Year Time Deposit : 5.5%
Know the interest rates of some other schemes:
- 5 Year Time Deposit : 6.7%
- 5 Year Recurring Deposit : 5.8%
- 5-Year Senior Citizen Savings Scheme: 7.4%
- 5 Year Monthly Income Account : 6.6%
- Interest rates of other schemes
- 5-year National Savings Certificate: 6.8%
- PPF : 7.1%
- Kisan Vikas Patra : 6.9% (Mature in 124 months)
- Sukanya Samriddhi Yojana : 7.6%
