Post Office Small Saving Scheme: Every person starts making investment planning along with his earning. The Indian Post Office keeps its customers informed about various investment options. In the recent past, after the decision of the Reserve Bank to increase the repo rate, many banks have decided to increase their fixed deposit rates continuously, but still the post office scheme (Post Office) Scheme) but you are getting more returns. Along with this, you also get the benefit of tax exemption by investing in post office schemes.
In such a situation, we are giving you information about some such schemes, in which you get higher returns on investment and also benefit of exemption under section 80C (Tax Rebate) of Income Tax. Let us give you information about this-
1. Senior Citizen Savings Scheme
If you have crossed the age of 60 years and want to get benefits of tax saving as well as more returns than bank FD, then you can invest in Senior Citizen Savings Scheme of the post office. You get an interest rate of 7.4% on investing in this scheme. This interest is accrued on the deposit after every three months. You can open a post office account under the Senior Citizen Savings Scheme either single or with your spouse. One can invest a minimum of Rs 1,000 and a maximum of Rs 15 lakh in this. Money can be invested in this scheme for up to 5 years.
2. Public Provident Fund Account
By investing in Public Provident Fund Account ie PPF Scheme, you will get great returns as well as tax saving benefits. You get a return of 7.1% on this scheme as compound investment. You can invest money in this scheme for a total period of 15 years. The minimum investment amount is Rs 500 for every financial year and the maximum amount is Rs 1.5 lakh. After 3 years you can also take a loan on it and after 5 years you can also make partial withdrawal from this account if needed.
3. Sukanya Samriddhi Yojana (Sukanya Samriddhi Accounts)
Sukanya Samriddhi Yojana is such a post office scheme in which you can make a big fund by investing for your little girl child. It offers an interest rate of 7.6% to its investors. This interest is higher than the interest rates of most banks. You can open this account for a girl child of 90 days to 10 years of age. In this, you can invest a minimum of Rs 250 and a maximum of Rs 1,50,000 every year. By investing in this scheme, you get exemption under section 80C of Income Tax. You can invest the entire amount from the account after the girl child turns 21.
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