Post Office Schemes: Indian Post keeps on launching various schemes from time to time according to the needs of the people. On many of these schemes, customers also get a strong interest rate.
Post Office Tax Saving Schemes: Under the old tax regime, taxpayers can get the benefit of tax exemption by investing in different schemes. Let us know about those post office schemes in which investors also get the benefit of tax exemption and strong returns.
Public Provident Fund is a small savings scheme of the post office, in which you can get a rebate of up to Rs 1.5 lakh under Section 80C of Income Tax by investing in it. Along with this, customers get an interest rate of 7.1 percent. Money can be invested in this for a total of 15 years.
National Savings Certificate is a 5 year post office scheme in which you can make one time investment. In this, you can invest from Rs 1,000 to any amount according to your needs. In this, you will get a rebate of Rs 1.5 lakh under Section 80C of Income Tax. In NSC you are getting a return of 7.00%.
You can invest money in post office time deposit scheme for 1 year, 2 years, 3 years and 5 years. In this, you are getting a maximum interest rate of 7.00 percent over a period of 5 years.
Investors are getting an interest rate of 7.6 percent for investing in the post office’s Sukanya Samriddhi Yojana. In this, you can invest money till the total girl child is 21 years old. In this too, you get a deduction of Rs 1.5 lakh under Section 80C of Income Tax.
Senior Citizen Saving Scheme (SCSS) is a popular scheme run by the post office for senior citizens. In this, you can invest from Rs 1,000 to Rs 30 lakh. In this, customers are getting 8.00 percent interest along with a tax rebate of Rs 1.5 lakh.
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