Post Office Schemes Interest Rate: A lot of investment options are visible in the market. But investors prefer to invest without any risk. Post office scheme has been considered as a very good investment option. At the same time, according to the report, the post office has such schemes which are giving more interest than bank FD. Along with this, you get tax benefit for investing in these schemes.
Post Office Schemes Interest Rate:
While you are thinking of investing for the better future of your daughter, then Sukanya Samriddhi Scheme can prove to be the best for you. Investing in it, you get a rebate of up to Rs 1.5 lakh in all financial years. At the same time, 8 percent interest is being received on the amount invested under this scheme.
Now let’s talk about National Saving Certificate Scheme of Post Office. By investing in this, you get interest at the rate of 7.7 percent on deposit. Along with this, a deduction of Rs 1.5 lakh is available under Section 80C of Income Tax on the amount deposited in this account.
Apart from this, the Senior Citizen Saving Scheme of the Post Office is specially designed for senior citizens. By investing money in this scheme, you get interest at the rate of 8.2 percent.
By investing in the time deposit scheme of the post office, you will get interest at the rate of 7.5 per cent for a period of 5 years. On the other hand, by investing in 5-year FD, you will get a rebate of Rs 1.5 lakh under Section 80C of Income Tax.
At the same time, SBI has also started FD scheme. In this, common people get interest at the rate of 6.50 per cent on FD for 5 years of investment. At the same time, senior citizens get interest at the rate of 7.50 percent. On the other hand, on SBI’s special scheme Amrit Kalash, ordinary people get interest at the rate of 7.10 percent and the elderly get interest at the rate of 7.60 percent.
