Given the present condition, people are looking for better investment, if you are looking for better investment, then this news is right for you, today Sir Car is running many types of savings scheme pension plans in which you are good You can get returns, out of the same scheme, you will tell me about the top 5 schemes today, which can give you good returns.
Senior Citizen Savings Scheme (SCSS):
Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme created for Indian residents above 60 years of age. The deposit matures after 5 years from the date of opening of the account, but this period can be extended only once for an additional 3 years. The SCSS interest rate has been set at 8.6% for January to March 2019. This is the highest rate of interest among various small scale savings schemes in India. SCSS is available through public / private sector banks and post offices in India. Being a government backed savings instrument, the terms and conditions applicable to SCSS are the same irrespective of the bank / post office you invest in. The interest rate available on the SCSS account for the July to September 2019 quarter is 8.6% per annum. This interest rate is reviewed quarterly (every three months) by the Ministry of Finance and is subject to periodic changes. Interest on SCSS account deposits is paid and deposited every quarter. The depositors pay a minimum of Rs 1000. It is permissible to deposit a lump sum of Rs. Rs 1000 Amount exceeding Rs. 1000 Multiples of Rs. The maximum limit for depositing funds in SCSS is 15 lakhs. However, one lock thousand in SCSS accounts is Rs. Cash can be deposited for less than Rs. Rs 1 lakh It is mandatory to use check / demand draft for depositing more than Rs. Income tax deduction under SCSS on investment made in Senior Citizen Savings Scheme account under Section 80C of Income Tax Act, 1961 Profit is eligible. If the interest amount earned is Rs 50,000 in a financial year. Exceeds, the tax deduction at source (TDS) will apply to the interest earned. This limit of TDS deduction on SCSS investment is applicable from 2020-21 onwards.
4 pension plans of the government, you can get big amount every month
The National Pension Scheme (NPS) was launched in January 2004 for government employees. It was opened to all categories of people in 2009. Any person can contribute regularly to the pension account during his working life. He can also withdraw a portion of the money collected at one time and use the remaining amount to get regular income after retirement. The NPS account increases with a person’s investment and the returns he receives. Any Indian citizen resident or non-resident can invest in this scheme. A person of 18-60 years can invest in this scheme. After the KYC process, citizens can join the scheme as individuals and employee-employer groups. Non-resident Indian (NRI) can also invest in this scheme. Contributions made by NRI are regularized by RBI and FEMA. There are two types of accounts in NPS: Tier 1 and Tier 2, funds cannot be withdrawn from Tier 1 till the age of 60 years. Tier II NPS account works like a savings account, from where the customer can withdraw money according to his need. The government has raised the exemption limit for final withdrawal from NPS to 60 per cent from 40 per cent. The finance minister has decided to separate the NPS trust from the Pension Fund Regulatory and Development Authority (PFRDA). It has also been proposed to increase the contribution limit from 10 to 14 per cent in accounts of Rs. 10 per cent of the gross income under section 80CCD (1) of the Income Tax Act in the total limit of Rs. Can claim deduction in tax. Under section 80CCE this limit is 1.5 lakhs. Under section 80CCE, customers can claim an additional deduction of up to Rs 50 thousand. The amount invested in the purchase of annuity is also fully exempt from tax.
National Savings Letter (NSC)
The National Savings Paper is a medium to long term investment. Through this, the investor keeps getting returns at a fixed interest rate. The special thing is that it is issued under the post office scheme of the Government of India. You can buy National Savings Letter from your nearest post office. One important thing is that this scheme is completely tax free, in which you get the benefit of safe investment and guaranteed returns along with tax saving. The National Savings Certificate or National Savings Certificate is also included in the list of small interest schemes to reduce the interest rate. There is a cut of 0.2 per cent in the National Savings Paper. Now you will get 7.6 percent interest on National Savings Certificate. A person who invests in National Savings Card can save his tax, this is a tax saving scheme. There is no limit to buying National Savings Bonds, you can save tax under Act 80C of Income Tax on investments up to Rs 1 lakh. The prices of National Savings Bonds have now risen after 2012. Now National Savings Bonds can be purchased for Rs. 147.61 instead of Rs. 100. The National Savings Letter maturity is 5 years. The good thing is that if you fulfill certain conditions then you can withdraw the account amount after the maturity period of 1 year. The rate of interest in National Savings Certificate is changed or fixed every 3 months. Therefore, the investor should also change the amount of investment with increasing interest rates. There is no limit to the amount of investment in National Savings Certificates. You can invest minimum amount of 100 rupees in National Savings Letter and then up to 100, 500, 5000, 10000 rupees in the coefficient of this amount. The special thing is that people under 18 years of age can also get the benefit of this scheme, ie, minors will also get benefit from this scheme. For this, their parents will have to buy a national savings card in the name of their children below 18 years. Two adults can also invest in it through a joint scheme. NRIs (NRIs) and Hindu Undivided Family (HUF) cannot get the benefit of this scheme.
Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana is a government-backed savings scheme that is a part of the “Beti Bachao, Beti Padhao” scheme for the benefit of the girl child. It can be chosen by parents of girls under 10 years of age. Parents can open two such accounts for girls (if they have more than two girls, they cannot open a third / fourth account). The period of these accounts is until the girl’s marriage after the age of 21 years or 18 years. The interest rates for Sukanya Samriddhi Yojana are fixed by the government and are reviewed every quarter. Sukanya Samriddhi accounts can only be opened by parents or legal guardians in the name of the girl child, the girl’s age must be less than 10 years of age at the time of opening the account, no more than one Sukanya Samriddhi accounts can be opened for the same girl child, Only two SSY accounts are allowed to be opened for a family, ie one account for each girl child, you can invest in the scheme through a post office near you or branches of public and private banks involved in it. For this, you will have to submit KYC documents such as passport, Aadhaar card, along with the initial deposit amount by necessary form and check / draft. This extensive expansion has been done to ensure the success of Beti Bachao, Beti Padhao scheme. Application forms for new account under Sukanya Samriddhi Yojana (SSY) can be obtained from the nearby post office or the public / private sector bank involved. Along with this, you can also download the new account application form for SSY from the RBI website. Sukanya Samriddhi Yojana launched as part of Beti Bachao, Beti Padhao scheme offers a variety of benefits to investors. Some of the major benefits of this scheme for the benefit of girls are as follows: Income tax under Section 80C is Rs 5 lakh per annum. Provides benefits of tax exemption up to a minimum of Rs 250 in a year. Maximum Rs 5 Lakh Can annually, Government of India-backed Guaranteed Return Instrument (Sovereign Guarantee), higher fixed rate return as compared to other government-backed tax saving schemes such as PPF (currently 5% per annum as of the fourth quarter of the financial year 2018-19.) , Sukanya Samriddhi account can be easily transferred from one part of the country to another part of Sukanya Samriddhi account minimum annual contribution of Rs 250 in a financial year. And a maximum of Rs. 1.50. Is lakhs. You must deposit at least the prescribed minimum investment amount every year for 15 years after opening an account. It will then continue to earn interest till the maturity of the account.
Public Provident Fund (PPF)
PPF is one of the most popular investment and tax saving options. By investing in it, not only do you get tax exemption under Section 80C of the Income Tax Act, but the interest on it and the amount received at the time of maturity is also taxfree. The government announces interest rates on PPF every quarter. According to PPF rules, in this investment option, interest is calculated every month on your deposit. However, interest is added to your PPF account at the end of every year. If you have deposited money before the 5th of any month, then you also get interest for that month. In a single financial year, you can invest at least 500 rupees and maximum 1.5 lakh rupees in PPF account. Here we are telling you how to calculate interest in PPF on your monthly or lump sum contribution. While investing in PPF, you also have to keep in mind that you cannot invest in this account more than 12 times in a year. The interest rate on PPF investment has been 7.6 per cent.
