Post Office Saving Scheme can prove to be the best investment option for you. In these schemes of the post office, apart from a very good interest rate, you also get the benefit of tax deduction and government security.
Apart from this, the most important thing about these schemes is that you can start your investment in them with very little money. In such a situation, let us know about those post office schemes where you are getting the benefit of both interest rate and tax deduction of 8 percent or more.
If you are thinking of investing your money somewhere in terms of savings and investment, then Post Office Saving Scheme can prove to be the best option for you. In these schemes of the post office, apart from a very good interest rate, you also get the benefit of tax deduction and government security.
Apart from this, the most important thing about these schemes is that you can start your investment in them with very little money. In such a situation, let us know about those post office schemes where you are getting the benefit of both 8 percent or more interest rate and tax deduction.
Senior Citizens Savings Scheme (SCSS)
Any person who is above 60 years of age can invest in this post office scheme. Apart from this, people in the age group of 55 to 60 years who have taken retirement can also invest in this scheme. The interest in this scheme is given every third month. At the same time, investment in this scheme of post office can be started from at least 1000 rupees. Maximum up to Rs 30 lakh can be invested under this scheme. Under this scheme, interest is given to the depositors at the rate of 8.2 per cent per annum. The biggest feature of this scheme is that it gets the benefit of tax deduction under Section 80-C of the Income Tax Act 1961.
Sukanya Samriddhi Yojana
This scheme of the post office has been started especially keeping the daughters in mind. In this scheme, the account of a girl child below 10 years can be opened. At the same time, the maturity period under this scheme is up to 21 years from the date of opening the account. You can start your investment in the scheme with as low as Rs 250.
At the same time, a maximum investment of up to Rs 1,50,000 can be made in this scheme. This scheme gives the benefit of compound interest @ 8% per annum. In this post office scheme, people also get the benefit of tax deduction under section 80-C of the Income Tax Act.
