Today we are going to tell you about some small savings schemes being run by the government here, in which you can get guaranteed returns by investing. If you are also planning to invest in any of these schemes, then first know how much interest is received on them.
New Delhi. Many small savings schemes are being run by the Government of India. The government also makes changes in the rate of interest on these savings schemes every quarter. Explain that on 1 April 2021, the government announced a cut in the interest rates of these savings schemes, which was immediately withdrawn. On investing in these small savings schemes, you get interest ranging from 4 to 7.6 percent. Today we are going to tell you about some savings schemes, in which you can get guaranteed returns by investing.
These schemes include Kisan Vikas Patra (KVP), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and Sukanya Samriddhi Yojana. If you are also planning to invest in any of these schemes, then first know how much interest is received on them.
Sukanya Samriddhi Yojana
This scheme is only for daughters up to 10 years old and is quite popular. 1 April 2021 means new interest rates will be applicable from today. Currently, 7.6 percent interest is being received on it. In this scheme, a person can open an account for his two daughters. At the age of 21, daughters can withdraw money from this account. In this scheme, the amount will be doubled in 9 years and 4 months.
Public Provident Fund (PPF)
PPF is the most popular tax savings scheme. The investment made in this is matured in 15 years. PPF investment has a lock-in period of 5 years. In this, a minimum investment of up to 500 rupees can be done. Right now, interest of 7.1 percent is being given in it.
Senior Citizen Savings Scheme (SCSS)
People who are more than 60 years of age can get regular income by investing up to 15 lakh rupees in their life time. Senior citizen husband and wife can jointly invest up to 30 lakh rupees in this scheme. There is a lockin of 5 years, that is, you cannot withdraw money from it for 5 years. It is currently getting 7.4 percent interest.
Kisan Vikas Patra (KVP)
Account can be opened with minimum 1000 rupees in Kisan Vikas Patra. It is currently getting 6.9 percent interest annually. It is promised in the Kisan Vikas Patra that your investment will double in 10 years and 4 months.
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