Investment in post office is always going to give better returns. Besides this, it is completely safe to invest here. Although there are different investment options for every category.
Post Office Small Saving Scheme: Investment in post office is always going to give better returns. Besides this, it is completely safe to invest here. Although there are different investment options for every category. But, today we will tell you about such schemes for women in which they can get maximum returns by investing.
Public Provident Fund Scheme (PPF)
Public Provident Fund Scheme (PPF) is an individual savings scheme managed by the Government of India. In this, 7.1 percent interest is given by the government on the deposited amount. Along with this, anyone can invest up to Rs 1.5 lakh in it. Tax exemption under 80C of Income Tax is also available on investments made in this scheme. To invest in PPF scheme, a person must be a citizen of the Government of India. For this the minimum age should be 15 years. You can invest in this for five years to 15 years.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a savings scheme of the Government of India which has been launched especially for girls. Its objective is to save money for the education and marriage of girls. This scheme was started in the post office on 22 January 2015. The benefit of this scheme is given to those girls whose age is less than 10 years. Only one Sukanya Samriddhi account can be opened for one girl child in a family. The duration of the scheme is 21 years, which can be extended when the girl turns 18 years of age. You can invest Rs 250 to Rs 1.5 lakh per year in this. An interest rate of eight percent is available on the amount deposited in the scheme.
Mahila Samman Savings Scheme
Mahila Samman Savings Scheme is a government scheme run by the Government of India. Its objective is to provide women with the means to progress towards financial independence and self-reliance. A maximum of Rs 2 lakh can be invested in the scheme. Up to 7.5 percent interest can be obtained on deposits.
National Savings Certificate
National Savings Certificate (NSC) is a type of government savings scheme managed by the Government of India. It is a financial scheme which is suitable for investing individuals. To invest in National Savings Certificate, a person must be an Indian citizen. There is no age limit for this and any person can invest in this scheme. The investment period in the scheme is 5 years. In this, the interest amount is also exempted from income tax point of view.
Post Office Time Deposit Scheme
Post Office Time Deposit Scheme has been started with the aim of providing financial freedom to the people. The investment period in the scheme ranges from one year to five years. Under this, you have to deposit a fixed amount every month in the post office. The post office gives 7.5 percent interest rate on the deposit amount for a period of 5 years.
