When it comes to investing, the biggest question is whether to invest in such a place that can get safe and high interest. Today we will tell you about the special scheme of FD in the post office. In which interest is more than 6.5 percent.
The middle class of India believes a lot in the savings schemes of the post office. Therefore, we will tell you about such a major scheme. On which the interest is more than the FD of the bank. The most important thing is that in this you get a guarantee along with profits.
Best saving scheme of post office
- Post Office Saving Scheme (Post Office Saving Scheme) is the most popular. The ‘National Savings Certificate’ (NSC) consists of a type of bond, which also offers an annual interest of 6.8 percent. But it is paid only after the maturity of the bond.
- One can invest in NSC with an initial amount of only Rs 1,000. Whose maturity is of 5 years, but if seen according to the rule of 72, then it takes 10.7 years to double the money invested in NSC.
- There is also a scheme of post office on which middle class people trust more. The Kisan Vikas Patra (KVP) of the Post Office is a better shaving tool on collateral and people buy it to double the money, and it earns an annual compound interest of 6.9%. In this way the money invested in it becomes double in 10.4 years. Minimum ₹ 1000 can be invested in KVP.
- The post office also runs a National Savings Monthly Income Scheme (MIS). In the scheme, the customers get an annual interest of 6.6 percent but it is paid in his account on a monthly basis. Investment in this scheme can be started from ₹ 1000, with a maximum limit of Rs 4.5 lakh in a single account and 9 lakh in a joint account. There are Rs.
- The post office runs a separate savings scheme (SCSS) for senior citizens. Those investing in it get an annual interest of 7.4 percent and interest is paid on a quarterly basis. Anyone above the age of 60 years can invest money in it and the maximum limit for this investment is Rs 15 lakh.
- Apart from this, people can also take the facility of investing in Sukanya Samriddhi Account and Public Provident Fund from the post office. In which interest of 7.4 percent and 7.1 percent is available. For PPF accounts, the government keeps changing from time to time, the government can also change the interest on other savings schemes.
- If the interest received on post office savings schemes is compared with the FDs of banks, then the interest on FDs of most banks ranges from 2.5% to 5.5%. Whereas Axis Bank gives the highest interest of 5.75%. At the same time, the maximum interest for senior citizens is 6.5% interest on FDs of banks. Whereas in the post office it is more than 7%.
The middle classes often take advantage of the major schemes of the post office. The main reason for which is to keep the saved amount safe and get the highest interest.
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We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
