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HomePersonal FinancePost Office Schemes: You will get more than 7% interest on these...

Post Office Schemes: You will get more than 7% interest on these 5 schemes of post office

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Post Office Time Deposit

If you deposit money in Post Office Time Deposit for 3 years, then you will get interest at the rate of 7.1 percent, while if you deposit money for 5 years, you will get interest at the rate of 7.5 percent.

Post Office Monthly Income Scheme

Post Office Monthly Income Scheme is a monthly income generating scheme. In this, you are being given interest at the rate of 7.4 percent.

PPF

PPF is a better scheme for those who invest for a long period. In this scheme of EEE category, you also get tax benefits in three ways. Currently, interest is being given at the rate of 7.1 percent.

National Savings Certificate

This scheme, popularly known as NSC, is a 5-year deposit scheme. In this scheme, you are being given interest at the rate of 7.7 percent. By depositing a lump sum amount, you can make good money in 5 years.

Mahila Samman Savings Certificate

This scheme of post office is run only for women. In this scheme, money is deposited for 2 years. Currently, interest is being given on this scheme at the rate of 7.5 percent.

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Sunil Kumar
Sunil Kumar
Sunil Sharma has 3 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done B.Com in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @sunil.izone@gmail.com
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