Post Office Scheme: Want to invest without any risk? Then you will not get a better option than Post Office Scheme anywhere else. Most of the people like to invest without risk, that’s why they invest in various schemes of Bank, LIC. But we are going to talk about Post Office Invest Scheme through which you can get high rate of return and also get tax exemption benefits.
Post Office Scheme Gives You HIgh Return Against Your Investmrnt.
All the people of the country cannot think of anything other than all kinds of Government Banks and Post Offices to accumulate the capital of their whole life’s hardships. In the meantime, in almost all post office schemes (Post Office Scheme) more interest is available than the bank. We are going to discuss about some of these Post Office Best Schemes through which you will get good returns.
Any Indian citizen above 10 years can invest in this monthly income scheme. You can start this investment by paying only 1 thousand rupees monthly. You can deposit up to 9 lakh rupees in single account and 15 lakh rupees in joint account. 7.4% interest has been charged by the Government of India in this scheme from 1st July 2023.
Some benefits of this scheme
- You can deposit money in this scheme from 1 year to 5 years.
- Account can be opened in this scheme in own name or in the name of maximum 3 people.
- After 5 years your original money will be returned.
- This scheme is secured and offers higher interest than all other schemes.
Nowadays, most of the people open a savings account at the post office. How much benefit is available in the investment? National Savings Scheme is a popular scheme of Post Office. Moreover, saving at the post office means it is safe, so customers believe.
Now let’s look at the benefits
- Investment tenure- Investor has to invest in this scheme for 5 years.
- Rate of Interest- The investment in this scheme will earn compound interest. That too at 7% interest per annum.
- Amount of Investment – Individual can invest as much as he likes in multiples of Rs.1000 to Rs.100
- Then 1000 rupees investment for 5 years will get 1403 rupees.
- An even bigger advantage is that the investment in this scheme will also get a deduction of up to 1.5 lakh rupees as per income tax section 80C. Loan facility will be available.
Another name of this FD scheme in Post Office Scheme is Time Deposit Scheme i.e. Post Office TD Scheme.
Advantages of investing in this scheme
- Investment period- Like the savings scheme here too the investor has to invest for 5 years.
- Rate of interest- If you invest in this scheme for 1 year you will get 6.6% interest, 6.8% for
- 2 years and 7% for 3 years. 7% interest rate for a period of 5 years. Investors will also get more benefits.
- Who can open account – A single account can be opened. Or joint account can be opened with two or three people. Moreover, if the account is to be opened for a minor child (above 10 years), it can be opened under the supervision of the guardian.
- Amount of Investment – Individual can invest from Rs.1,000 There is no maximum investment limit.
- Investments in this scheme will also get a deduction of up to 1.5 lakh taka as per income tax section 80C.
Be it Post Office Scheme or any other scheme, no matter how secure all types of schemes are, you should always be careful before investing and know everything about how much money you deposit and how much return you will get and how much interest you will get. Please comment below if you like, stay tuned for more news updates like this, thanks.
