In today’s time, every person wants to invest his money in the right place to secure the future. Today, we are telling you about some such schemes of Post Office Schemes, where by investing you can get double returns along with huge returns.
New Delhi. There are many schemes of Post Office Schemes which are of great use in terms of small savings. Investing in these small savings schemes of the post office not only provides government guarantee, but also gives the benefit of tax rebate along with good returns. Under Section 80C in Income Tax, tax exemption is available for investment of Rs 1.5 lakh per year. In such a situation, you can take advantage of these schemes. Let’s know everything about these schemes …
1. Post Office Monthly Income Scheme (POMIS) –
If you want to invest with less risk, then Post Office Monthly Income Scheme (Monthly Income Scheme) can be a better option for this. In the Monthly Income Scheme, you will get interest at the rate of 6.6 percent. The amount of interest is added to your savings account every month. Monthly Income Scheme (MIS) has a duration of 5 years, which can be extended further for 5-5 years. Being a post office scheme, it is completely risk free. You can keep a maximum of Rs 4.5 lakh in this account. However, this scheme also has the facility of a joint account. If you open a joint account, then there is a limit of up to Rs 9 lakh.
2. Senior Citizen Saving Account (SCSS) –
Post Office Senior Citizen Saving Scheme is a scheme in the post office. At present, the scheme is getting interest at the rate of 7.4 percent. The interest accrued on this is credited in the account on a quarter to quarter basis. The special thing of this plan is that it also provides tax exemption facility under Section 80C of the Income Tax Act.
3. National Savings Certificate (NSC) –
Another scheme of Post Office is also National Saving Certificate (National Saving Certificate). The National Savant Certificate is exactly like Fixed Deposits. Like Public Provident Fund (PPF), there is no tax on interest on this scheme as well. On this scheme you get interest at the rate of 6.8 percent, which is calculated on an annual basis. However, the amount of interest on this is found on the maturity of the scheme. In this scheme also, the amount deposited is exempted from tax under Section 80C of the Income Tax Act.
4. Time Deposit in Post Office –
There is also a scheme called Time Deposit in Post Office, whose maturity is for 5 years. You can start investing in this scheme with a minimum of 200 rupees. For this scheme, interest is given at the rate of 5.5 per cent for the first 3 years. At the same time, it gets interest at the rate of 6.7 percent in the fifth year. The interest received on this is received annually. However, it should also be noted that under this scheme, interest is available on quarterly basis. There is no tax on the interest received on this scheme.
5. Kisan Vikas Patra (KVP) –
In small savings scheme, Kisan Vikas Patra (KVP) is quite a hit among the common people. You can buy it by going to the post office in your neighborhood. It starts from 1000 rupees. This is a type of certificate, which you can buy from the post office. It is issued in certificate form like a bond. On this, the government gets fixed interest. The government fixes the interest rates for every three months. Based on the interest rate of 6.9 percent, under this scheme your money will double in 9 years and 2 months i.e. 110 months.
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