Investment Planning: It is always safe to invest money in these schemes, your money never sinks here. Below we are going to tell you some such schemes, where you will get better return on investment.
Investment Planning: The best post office scheme for you to invest in. It is always safe to invest money in these schemes, your money never sinks here. Today we are going to tell you some such schemes, where you will get better return on investment. The names of these schemes are Senior Citizen Savings Scheme, PPF Account and Sukanya Samriddhi Scheme. Let us know what will be the benefits in these.
Senior Citizen Savings Scheme
Interest rate
– 7.4% (interest will be received quarterly)
EXAMPLE
Quarterly interest on Rs 10,000 deposit will be Rs 185.
This scheme is for people above 60 years of age. Apart from this, retired civil servants above 55 years and below 60 years of age can also invest in it, subject to certain conditions. With similar conditions, retired defense personnel above 50 years and below 60 years of age can also open their accounts in it. In this, the maximum limit to be deposited is Rs 15 lakh. Interest is payable on quarterly basis from the date of account opening on 31st March/30th June/30th September/31st December.
PPF
Interest rate-
7.1 percent (interest will be received annually)
Every citizen of the country, whose age is less, they can open their PPF account. Apart from this, the account can be opened by the parents of the underage and terminally ill person. The minimum amount that can be deposited in a financial year is Rs 500 and the maximum amount is Rs 1,50,000. If the minimum amount of Rs 500 is not deposited in any financial year, then the account is closed.
Sukanya Samriddhi Yojana
Interest rate-
7.6% (interest to be received annually)
Sukanya Samriddhi Account can be opened by the parents of the girl child who is below 10 years of age. Only one account can be opened in the name of the girl child in the post office or any bank in the country. Account can be opened for maximum 2 girls in a family. At the same time, in case of birth of twin/triple girl child, more than two accounts will be allowed to be opened. The minimum deposit amount in the account in a financial year is Rs 250 while the maximum deposit limit is Rs 1,50,000.
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