Top 5 Post Office Schemes: If you want to invest your money without risk, the safest investment for you would be investing in a post office scheme. Here, your investment provides a guaranteed return. There’s no risk of any loss. You’re even given a guaranteed return. Even today, many people in India prefer investing in the post office rather than investing in the stock market, mutual funds, or other avenues. If you’re one of them and want to know the top 5 post office schemes, you’ve come to the right place.

Today, we’ll tell you about the 5 best post office schemes, which will help you choose the right investment options. The post office is one of India’s oldest organizations, established in October 1854 during the British era. Initially, it focused solely on mail delivery, and later began providing other financial services such as banking, insurance, and investments.

Top 5 Post Office Schemes

1. National Savings Recurring Deposit Account

National Savings Recurring Deposit Account – This scheme helps small/poor investors build a fund to meet their future needs. This account can be opened either by a single adult or jointly by two adults. It offers a guaranteed return of 6.7%. You can start investing with as little as ₹100 per month.

2. Public Provident Fund Account

Public Provident Fund Account – The Public Provident Fund is a long-term investment scheme announced by the Government of India. It is a safe post office deposit scheme that offers tax exemptions and attractive interest rates each financial year. It offers an annual return of 7.1%. You can invest a maximum of ₹15 lakh annually in this scheme.

3. National Savings Certificate

National Savings Certificate (NSC) – This scheme is a fixed-income investment plan that can be opened at any post office. An initiative of the Government of India, it is a savings bond that encourages customers, primarily small- and middle-income investors, to invest while saving income tax. This scheme offers an annual return of 7.7%. The minimum investment amount is ₹1,000. There is no maximum limit.

4. Sukanya Samriddhi Account

Sukanya Samriddhi Account (SSY) is a savings scheme launched by the Government of India to improve the financial well-being of girls. This scheme enables parents to raise capital for their daughters’ future education and marriage expenses and offers attractive interest rates on investments, offering an annual interest rate of 8.2%. The minimum investment allowed is ₹250 and the maximum is ₹1.5 million.

5. Kisan Vikas Patra Account

Kisan Vikas Patra Account – Kisan Vikas Patra is a certificate scheme of the post office. It can practically double in a lump sum investment in about 9 years and 10 months. Currently, this scheme offers an interest rate of 7.5% per annum.

ITR Filing : Missed the ITR deadline? You can only file returns under this regime, learn the full details.

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In fact, at the end of the maturity period, you get the amount invested with guaranteed double growth of the deposited amount regardless of market fluctuations. Deposits made in KVP i.e. Kisan Vikas Patra account will now get interest at the compound rate of 7.2 percent per annum. Earlier the interest rate given on this was up to 7 percent. The amount will double after 120 months of investment in Kisan Vikas Patra account at 7.2 percent interest. 

Who can open Kisan Vikas Patra Yojana

Single adult, joint account, in which there can be maximum 3 adults, a guardian on behalf of a minor or a guardian on behalf of a mentally ill person, or a minor above 10 years of age in his own name Farmer can open Vikas Patra. 

Types of KVP Accounts

(1) On applying to the Accounts Office in Form-1, the following different types of accounts can be opened under the scheme- 
(A) Single Holder Type Account
(B) Joint A-Type Account 
( c) Joint B Type Account  

How to open KVP online through Post Office Internet Banking-

Step 1- Login to DOP Internet Banking. 
Step 2: Click on ‘Common Services’ > Service Request > ‘New Request’. 
Step 3: After that click on NSC account. Here you will get the link to open NSC account and KVP account to open KVP account.
Step 4: Enter the amount for which NSC is to be opened with a minimum of Rs 1000 and in multiples of 100.
Step 5: Select the PO savings account linked to the debit account. 
Step 6: Click on the ‘Submit Button’ to read the terms and conditions and accept the terms and conditions. 
Step 7: After that deposit the money online. 
Step 8: Enter transaction password and submit. 
Please login again to view the details of NSC opened through the account. 

Tenure of Kisan Vikas Patra-

Kisan Vikas Patra has a lock in period of 2 years 6 months. Premature closure before 2 years 6 months is allowed only- 
In case of death of account holder or any one of the account holder in joint. 
On confiscation by order of a Gazetted Government Officer.  
When ordered by the court. 

When KVP can be transferred from one person to another- KVP can be transferred from one person to another person

only subject to the following conditions.
(i) To the nominee/legal heir on the death of the account holder.
(ii) on the death of the account holder(s) of the joint holder(s).
(ii) on the orders of the court.
(iii) on pledging the account with a gazetted authority 

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