Post Office Schemes: Strong interest is being received on these savings schemes: Post Office (Post Office) keeps coming up with many savings schemes from time to time for crores of people of the country! This includes the names of many small savings schemes like Public Provident Fund, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, Kisan Vikas Patra etc.
These schemes of the Post Office have been made according to the needs of different sections of the country. To make the schemes attractive, the government keeps on changing its interest rates from time to time. If you too are thinking of investing in small savings schemes of post office, then we are giving you information about it!
Senior Citizen Saving Scheme ( SCSS )
Senior Citizen Savings Scheme (SCSS) is the name of Post Office’s excellent scheme for senior citizens. Under this scheme, citizens above 60 years of age can get the benefit of interest rate of up to 8.2 per cent every by depositing up to Rs 30 lakh in a joint account. At the same time, deposits up to Rs 15 lakh are allowed in a single account!
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is one of the special schemes of the government started for the girl child. Under this scheme, you can open an account in the Post Office for girls below the age of 10 years! In this scheme, you get the facility to invest a maximum of Rs 1.5 lakh every year! After this, after the completion of 21 years of the girl child, she can withdraw the entire money. In the quarter from July to September, the rate of interest has been fixed by the government at 8.00 per cent.
Post Office Monthly Income Scheme
Under the Post Office Monthly Income Scheme, you can open single or joint accounts in the post office! Under this scheme, a maximum of Rs 15 lakh can be invested in a joint account and up to Rs 9 lakh in a single account. The government has fixed 7.4 percent interest rate on the post office scheme in the quarter from July to September.
Kisan Vikas Patra SchemeÂ
Kisan Vikas Patra Yojana is another small saving scheme of the post office, under which the amount invested doubles in a total of 115 months! No investment limit has been fixed in this scheme and the Post Office is offering 7.5% interest rate on the scheme in the quarter from July to September.
Post Office Recurring Deposit Scheme
Post Office Recurring Deposit Scheme is also one of the great small savings schemes! Under this scheme, you can get big funds by investing small amount every month. Under this scheme, the 5-year Post Office (Post Office) is offering a maximum interest rate of 7.5 percent on the RD scheme!
Post Office Time Deposit Scheme
You can invest money for 1 year, 2 years, 3 years or 5 years under the post office time deposit scheme! This is similar to the FD scheme of banks! By investing in this Post Office scheme, you will get the benefit of interest at the rate of 7.5 percent!
Public Provident FundÂ
This is one of the long term savings schemes of the Post Office! Under this scheme, you can invest an amount ranging from Rs 500 to Rs 1.5 lakh every year! At the same time, under the scheme, the benefit of 7.1 percent interest rate is available!
