1. Public Provident Fund Scheme

You can open an account in the Public Provident Fund (PPF) scheme with a minimum of Rs 500. This account can be opened in the nearest post office branch or designated bank branch. In this account, you can deposit minimum Rs 500 and maximum Rs 1.5 lakh in a financial year. From January 1, 2023, this scheme is offering 7.1 percent interest annually. The maturity of PPF account is 15 years.

2. Kisan Vikas Patra

Kisan Vikas Patra (KVP) is a fixed rate small savings scheme, in which you have to deposit a lump sum amount. This scheme of the post office has been specially designed for farmers. At present, interest on this scheme is 7.5 percent. You can invest a minimum of Rs 1000 and in multiples of Rs 100 in the post office Kisan Vikas Patra Scheme. There is no limit on maximum investment. The good thing is that any number of accounts can be opened under this scheme.

3. Sukanya Samriddhi Account

To secure the future of daughters, Sukanya Samriddhi Yojana is run by the government. In this scheme, guaranteed interest is available and the benefit of compounding interest is available. At present, interest is being given on this scheme at the rate of 8 percent. Let us tell you that the minimum investment in SSY can be Rs 250 and maximum Rs 1.5 lakh can be deposited annually.

4. National Savings Certificates

This scheme of NSC is a great way to earn guaranteed income without taking any risk. NSC interest rates have been increased from 7 percent to 7.7 percent per annum. The specialty of this small savings schemes of the post office is that there is no maximum limit on investment. At the same time, multiple accounts can be opened in it. There is also the benefit of tax deduction up to Rs 1.5 lakh under section 80C of Income Tax on deposits in NSC. According to the information given on the post office website, if you invest Rs 1000 in NSC, then after the next 5 years you will get Rs 1,449.

5. Post Office Saving Account

It is necessary to have a minimum of Rs 500 in the post office savings account. If the amount is less and remains below this limit at the end of the financial year, then a maintenance fee of Rs 50 will be deducted. In this you get interest at the rate of 4.0% per year. Like banks, you also get many types of facilities on post office savings account.

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There are many investment options in public and private sector. In these too, the Postal Service Scheme is quite popular among the people. The post office investment scheme comes with a government guarantee. Also, the interest earned on post office schemes is higher than others. Let us know about these schemes.

15 Years PPF Fund Account

A minimum of Rs 500 and a maximum of Rs 1,50,000 can be invested in PPF in a financial year. Right now interest is being received at the rate of 7.1 per cent. Its maturity period is 15 years. However, it can be extended. In this, exemption is available under section 80C.

National Savings Certificates

National Savings Certificate comes with a maturity of 5 years. It is getting interest at the rate of 7 percent and this interest is available at the time of maturity. You can invest in NSC in multiples of Rs 100, 500, 1000, 5000 and 10,000. You can also use NSC to take a loan.

Sukanya Samriddhi

Sukanya Samriddhi Yojana is being run to promote the girl child. The government is paying an interest of 7.6 per cent on this. You can invest in this for a child up to 10 years of age.

Senior Citizen Savings Scheme

The maturity period of the senior citizen’s savings scheme is 5 years. You can invest in it in multiples of Rs 1,000. Can’t invest more than 15 lakhs in this. There is an interest of 8 percent on this. Individuals in the age group of 55 to 60 years can invest in this.

Post Office Monthly Income Scheme Account

The Post Office Monthly Income Scheme account offers an annual interest of 7.1 per cent. In this one has to invest in multiples of 1,500. You can invest a maximum of Rs 4.5 lakh in this. Rs 9 lakh has to be invested in a joint account.

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