By Admin 
Post Office Schemes: In today’s life, people may work or run their own small business. One thing remains in everyone’s mind that is to save a little part of their income and invest it in the right place. These small savings turn into huge amounts later on and come in handy in difficult times. Most people still rely on bank FD for investment because they provide fixed returns.
But in the recent past, banks have reduced the interest rates on FD. Because of which people are looking for better options. Here, small savings schemes of the post office have emerged as a strong option. In many schemes, the interest is more than 7 percent and due to government guarantee, there is no worry about safety. For this reason, common people have started investing in post office schemes. Let us tell you about the three best schemes of the post office.
National Savings Certificate
National Savings Certificate i.e. NSC is a good option for those people. Those who want safe investment and fixed returns. At present, 7.7 percent annual interest is being given on this scheme and the interest increases every year by compounding. If you invest Rs 10000. So in 5 years this amount reaches to around Rs 14490.
The entire amount is guaranteed and it is operated by the Central Government. This scheme also gives tax exemption up to Rs 1.5 lakh under section 80C. However, tax rules on interest remain applicable. In this the money remains locked for 5 years. Therefore, it is better for those who are looking for a safe and medium range option.
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Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is the most popular government scheme made for the daughter. At present 8.2 percent annual interest is being given on it. Which is one of the safest interest rates available in the market. In this, parents can open an account in the daughter’s name and deposit money for 15 years and the account remains active for 21 years or till the daughter’s marriage.
The specialty of this scheme is that the interest received on the deposited amount and the entire maturity amount is tax-free. There is no market risk anywhere in this. Therefore, it is a strong and reliable option for planning big expenses like daughter’s education and marriage. Investment can also be made in small installments. Therefore, even middle class families can easily join it.
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Kisan Vikas Patra
Kisan Vikas Patra is such a scheme of the post office. Where your money automatically doubles in about 115 months i.e. about 9 years and 7 months. At present, 7.5 percent annual interest is being given on KVP and the returns are compounded. For example, if you invest Rs 10000. So after completion of time this amount reaches to around Rs 20000.
This scheme comes with full government guarantee. Therefore, investors do not have the fear of losing money or market fluctuations. However, it is not considered right to withdraw money before maturity. But in some special circumstances the facility of partial withdrawal is provided. This is a good option for those who want safe investment.
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