If you want to invest your accumulated capital for better returns then this news is for you. Let us tell you that the post office provides many small savings schemes to the customers.
Small Saving Schemes: If you want to invest your savings for better returns then this news is for you. Let us tell you that the post office provides many small savings schemes to the customers. These post office schemes include Sukanya Samriddhi Yojana, National Saving Certificate, Post Office Time Deposit and Senior Citizen Saving Scheme. Under these savings schemes, you get interest on a quarterly basis. Let us know in detail about the interest rates available in the July-September quarter.
Public Provident Fund (PPF)
Public Provident Fund ie PPF is a long term tax saving scheme which matures after 15 years. Under this scheme, customers get 7.1% interest.
Senior Citizen Saving Scheme
Under the Senior Citizen Savings Scheme, any person above the age of 60 can invest up to Rs 30,0000 during his entire life. Under this scheme, customers are getting 8.20% interest.
Sukanya Samriddhi Yojana
Customers are getting 8% interest under Sukanya Samriddhi Yojana, a popular girl child saving scheme provided by the post office.
National Saving Scheme
Under the National Savings Certificate Scheme with a lock-in period of 5 years, customers are getting an interest of 7.7%.
Post office monthly income scheme
Under the Post Office Monthly Income Scheme, customers are getting 7.40% interest.
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