Due to losses in the stock market, most people are now moving towards safe investments. They want to earn good profits with less risk. For this very purpose, the Small Savings Scheme has been started by the Post Office. This is a scheme that gives guaranteed income to investors along with safe investment. Many schemes have been included under this, in which you can save a lot of money by investing.

One of these is the Recurring Deposit Scheme (RD Scheme), which comes with a maturity period of 5 years. You can open an account in the Post Office Recurring Deposit Scheme by going to any nearest Post Office. Investment can be started in it from Rs 100. The maturity period of Post Office RD is five years, but if you want to close the account before the completion of this period, then this facility is also available in this saving scheme.

Great interest is available

The investor can get pre-mature closure after 3 years. Loan facility is also given in this. After the account is active for one year, a loan of up to 50 percent of the deposit amount can be taken. However, the interest rate on the loan is 2 percent more than the interest rate. Talking about the interest under this scheme, the interest of RD Scheme is 6.8 percent.

5 thousand will make more than 8 lakhs

If we calculate the investment and interest in Post Office RD, then if you invest 5,000 rupees every month in this scheme, then in its maturity period i.e. five years, you will deposit a total of 3 lakh rupees and at the rate of 6.7 percent, Rs 56,830 will be added to the interest amount. That is, in total, your fund will be Rs 3,56,830 in five years.

Now if you extend the RD account for another five years, then the amount deposited by you in 10 years will be Rs 6,00,000. Along with this, at the rate of 6.7 percent, the interest amount on this deposit will be Rs 2,54,272. If seen in this way, then your total fund deposited in a period of 10 years will be Rs 8,54,272.

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The post Post Office Scheme : You can become a millionaire by depositing just 5000 rupees, this is a great scheme of Post Office first appeared on Rightsofemployees.com.

There are many small savings schemes in the post office. These are attractive in their own way. Post Office National Saving Monthly Income (MIS) is also one such scheme. If you want, you can also start investing in this scheme and earn every month. You get guaranteed returns in this.

It is very easy to open an account for this in the post office. The special thing is that investment can be started in it with just Rs 1000. You can open a Post Office National Saving Monthly Income account by going to your nearest post office (Dak Ghar) and submitting the documents.

Who can open MIS account

According to the official website of India Post, Post Office National Savings Monthly Income Account can be opened both individually and jointly. Even a minor above 10 years of age can open this account in his name. A maximum of three people can open a joint account. Not only this, guardians can also handle this account on behalf of a minor/insane person.

Maximum amount can be invested

If the Post Office National Savings Monthly Income Account is a single account, then that person or investor can invest a maximum of Rs 9 lakh. If a joint account is opened, then a maximum of Rs 15 lakh can be invested. In a joint account, all account holders will have equal share in the investment. The limit of the account opened by the minor as a guardian will be different.

How much return is being received

At present, this scheme of Post Office gives 7.4 percent annual interest which is paid on a monthly basis. Interest will be payable on completion of one month from the date of opening the account and similarly interest is payable till maturity. Here one thing to understand, if the interest payable every month is not claimed by the account holder, then no additional interest will be given on such interest.

Also, interest can be received through auto credit or ECS in the savings account held in the same post office. In case of MIS account in CBS post offices, monthly interest can be credited to the savings account held in any CBS post office.

When will the account mature

In this scheme of the post office, the account can be closed on the expiry of 5 years from the date of opening the account by submitting the prescribed application paper along with the passbook in the concerned post office. One more thing to know is that interest is taxable in the hands of the depositor.

According to the rule, no deposit amount can be withdrawn before the expiry of one year from the date of deposit. If the account is closed after one year and before three years from the date of opening the account, then 2% will be deducted from the principal and the remaining amount will be paid.

Good News for Canara Bank customers! Now there will be no penalty for not maintaining minimum balance in savings accounts

The post Post office Scheme! The secret of Post Office which will give you guaranteed income every month, know it immediately here! first appeared on Rightsofemployees.com.

If you are also thinking of getting insurance, then this news is very important for you. Let us tell you that in the growing market of insurance plans, where private companies are giving limited benefits at high premiums, the Post Office Life Insurance Scheme (Post Office Life Insurance) is proving to be a boon for the common people due to its tremendous bonus and reliable facilities. Especially the bonus rate is so attractive that this plan is far ahead of other insurance companies.

Get bonuses

Sitamarhi Head Post Office Post Superintendent Manoj Kumar Lashkar told Local18 that the annual bonus rate in postal life insurance ranges from a minimum of Rs 42 to a maximum of Rs 75 per thousand. While in other insurance companies, this rate is a maximum of Rs 38 per thousand. That is, the profit received in the post office on the same premium can be almost double. This difference comes in the form of additional income of lakhs of rupees in the long run.

Deposit 10 lakhs, get 30 lakhs

For example, if a person takes an insurance policy of Rs 10 lakh from the postal department at the age of 19, he will have to pay only Rs 1000 per month as premium. For a period of 60 years, he will deposit a total of Rs 10 lakh. But on the maturity of the term, he will get an amount of about Rs 30 lakh and this benefit is possible only because of the bonus. It is important to understand here that in post office insurance, bonus is added to the sum assured every year, which turns into a bigger amount by the time the policy matures.

Awareness campaign is being conducted.

This bonus is added at a fixed rate every year and acts as a safe investment. The insurance plans of the Department of Posts are not only profitable but also safe as they are secured by the Government of India. Facilities like loan facility, tax benefits and policy transfer on the policy after three years make it more attractive. Manoj Lashkar also said that a campaign is being run to create awareness among the people in rural and urban areas so that more and more people can join this beneficial scheme.

The post Post Office Plan: Deposit just Rs 1,000 in Post Office… You will get Rs 30 lakh first appeared on Rightsofemployees.com.

The post office has various fixed deposit schemes with different tenures like one year, two years, three years and five years. As it is all backed by the government, it will provide guaranteed returns, but not all schemes give you income tax exemption up to Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961.

Please note that only five-year FD deposits made through post office FDs offer tax exemption up to Rs 1.50 lakh and no other FDs offer tax benefits.

What is Post Office Fixed Deposit Scheme? (Post Office Fixed Deposit Scheme
Post Office Fixed Deposit offers guaranteed returns on your investment after the completion of the specified tenure. When the FD matures, you can withdraw the money which will include the principal amount and interest paid at the time of investment. The post office offers FDs of different tenures like one year, two years, three years and five years.

Post Office FDs Calculations

For a five-year post office FD, it offers 7.5 percent interest rate, the interest rate is payable annually but is calculated on a quarterly basis. The minimum deposit in FD can be made in multiples of Rs 1,000 and Rs 100. There is no maximum limit. One can also maintain single and joint accounts.

A guardian can also open an account on behalf of a minor. The five-year FD can also be extended for a second tenure of 18 months after the maturity of the scheme.

How much profit on how much investment? (Post Office FD Returns Calculation)

On investment of Rs 3 lakh in Post Office FD Scheme, you will get interest of Rs 1,34,984 and in this case you will get the maturity amount of Rs 4,34,984.

On investing Rs 5 lakh in Post Office FD Scheme, you can get interest of Rs 2,24,974 and the maturity amount will be Rs 7,24,974.

On investing Rs 10 lakh in Post Office FD Scheme, you will get interest of Rs 4,49,948 and in this case the maturity amount will become Rs 14,49,948.

Talking about how Rs 5 lakh will be Rs 10,51,175, i.e. more than Rs 10 lakh, then let us tell you that after 5 years you will get Rs 7,24,974. So if you reinvest this amount for the next 5 years, you will get Rs 3,26,201 as interest at the rate of 7.5 percent interest. Adding Rs 7,24,974 + Rs 3,26,201, the total will be Rs 10,51,175. In this way you will get Rs 10,51,175 on maturity.

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The post Post Office Scheme: Investment of Rs 5 lakh in this scheme will turn into Rs 10,51,175, you just have to do this work first appeared on Rightsofemployees.com.

You will get the option of FD in both banks and post offices, but you will get the option of NSC in the post office. At present, interest is being given at the rate of 7.7 percent in 5 year NSC. Besides, you will also get tax benefits.

How much return on post office FD

If you get FD done in the post office, then you will get interest at the rate of 6.9% on one year FD, 7.0% on two year FD, 7.1% on three year FD and 7.5% on 5 year FD. If calculated according to FD calculator, then on investment of Rs 1 lakh, the maturity amount will be Rs 1,07,081 in one year at 6.9% interest, Rs 1,14,888 in two years at 7% interest, at 7.1% interest. You will get Rs 1,23,508 in three years and Rs 1,44,995 in 5 years at 7.5 percent interest. Let us tell you that tax benefits are also available on five year FD.

How much return on NSC

If you invest in NSC instead of post office FD, then you will get interest at the rate of 7.7 percent. By investing Rs 1 lakh in NSC, you will get only Rs 44,903 as interest at the rate of 7.7 percent interest. In this way, a total of Rs 1,44,903 will be received in the maturity period. Tax benefits are available in NSC under 80C.

Who can invest in NSC

Anyone can open an NSC account. NSC can be purchased in the name of the child on behalf of his/her parents or guardian, whereas a child above 10 years of age can also buy NSC in his/her own name. Two to three people can also open a joint account. Minimum investment of Rs 1000 has to be made in NSC. After that you can buy certificates in multiples of 100. There is no limit to invest in this.

The post Post Office Schemes : FD or NSC! What is your advantage? If you deposit Rs 1 lakh, how much return will you get? first appeared on Rightsofemployees.com.

You can decide today only what your life will be like after retirement. To live a good life, along with loved ones, money is also needed. If you want a stable income after retirement, then the Post Office Senior Citizen Savings Scheme is perfect for you.

You can start investing in this scheme with Rs 1000. This scheme has been specially designed for senior citizens only. A very important eligibility criteria for investing in this scheme is that the age of the account holder should be 60 years or more. However, people taking VRS can invest even after 55 years. Apart from this, military personnel get a relaxation of 5 more years. This means that he can start investing from the age of 50.

8.2 percent interest

This is a government scheme whose interest rate is also decided by the government. At present the government is giving 8.2 percent annual interest on it. Its interest rate is better than any FD. The higher the investment in this scheme, the higher will be the return. In this you can invest a maximum of Rs 30 lakh.

How to get Rs 20,000 monthly?

If a senior citizen invests Rs 30 lakh together in this scheme, he will get an annual interest of Rs 2.46 lakh. If we look at it on monthly basis, it works out to Rs 20,000. If you want to take this money quarterly then you will get Rs 61,500. If a person invests Rs 5 lakh, he will get Rs 10,250 every quarter.

You will get the benefit of this scheme while paying taxes also. You will get tax exemption of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Let us tell you that its interest is deposited in the account every year in the first week of April, July, October and January.

The post Post office Scheme : Income of Rs 20,000 every month after retirement, investment can start from just Rs 1000, tax exemption will also be available. first appeared on Rightsofemployees.com.

Post Office Scheme: There are many investment options available in the market, but even today many people prefer to invest money in different post office schemes. Today we are telling you about those post office savings schemes in which you are getting 7 percent interest rate on annual basis.

Under the Post Office Time Deposit Scheme, investors are getting a maximum interest rate of 7.5 percent over a period of 5 years.

Under the Kisan Vikas Patra scheme, customers are getting 7.5 percent interest rate. By investing in this scheme, your amount will double in a total of 10 years.

Under the Post Office Monthly Income Scheme, the government is offering 7.4 percent interest rate to the customers.

You are getting 7.7 percent interest rate on the amount deposited under the Post Office National Savings Certificate Scheme of the Post Office.

Under the Post Office PPF scheme, customers are getting 7.1 percent interest rate on deposits. This interest is being received on the basis of compounding.

The post Post Office Schemes : More than 7 percent interest is being received on these post office schemes, see the complete list first appeared on Rightsofemployees.com.

But, not everyone has the ability to take wrists. In such a situation, invest in such a place where your money is safe and you will get better returns with zero risk. If you also want an investment where there is good profit also, then post office is better for you.

Bumper return of Rs 35 lakh!

Post office small savings plans can be the best option for you. The risk factor is also low in this and at the same time the returns are also good. Let us tell you an investment in which the risk is negligible and the returns are also good. We are talking about the ‘Gram Suraksha Scheme’ of the post office. This protection plan offered by India Post is one such option in which you can get good returns with less risk. In this scheme, you have to deposit 1500 rupees every month. By depositing this amount regularly, you will get the benefit of 31 to 35 lakhs in the coming time.

Know the rules of investing

Any Indian citizen between the age of 19 to 55 years can invest in this scheme.
The minimum sum assured under this scheme can be from Rs 10,000 to Rs 10 lakh.
Premium payment of this plan can be done monthly, quarterly, half yearly or annually.
You get 30 days relaxation for paying premium.
You can also take a loan on this scheme.
You can also surrender it after 3 years of taking this scheme. But in this situation you will not get any benefit.

How much will be the benefit?

Suppose a person invests in this scheme at the age of 19 and buys a policy of Rs 10 lakh, then his monthly premium will be Rs 1515 for 55 years, Rs 1463 for 58 years and Rs 1411 for 60 years. In such a situation, the policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years.

The post Post Office: This post office plan will make lakhpatis quickly! 35 lakhs by depositing 50 rupees, know details first appeared on Rightsofemployees.com.

Bumper return of Rs 35 lakh!

Post office small savings plans can be the best option for you. The risk factor is also low in this and at the same time the returns are also good. Let us tell you an investment in which the risk is negligible and the returns are also good. We are talking about the ‘Gram Suraksha Scheme’ of the post office. This protection plan offered by India Post is one such option in which you can get good returns with less risk. In this scheme, you have to deposit 1500 rupees every month. By depositing this amount regularly, you will get the benefit of 31 to 35 lakhs in the coming time.

Know the rules of investing

• Any Indian citizen between the age of 19 to 55 years can invest in this scheme.
• The minimum sum assured under this scheme can be from Rs 10,000 to Rs 10 lakh.
• Premium payment of this plan can be done monthly, quarterly, half yearly or annually.
• You get 30 days relaxation for paying premium.
• You can also take a loan on this scheme.
• You can also surrender it after 3 years of taking this scheme. But in this situation you will not get any benefit.

How much will be the benefit?

Suppose a person invests in this scheme at the age of 19 and buys a policy of Rs 10 lakh, then his monthly premium will be Rs 1515 for 55 years, Rs 1463 for 58 years and Rs 1411 for 60 years. In such a situation, the policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years.

The post Post Office: This post office plan will make lakhpatis quickly! 35 lakhs by depositing 50 rupees, know details first appeared on Rightsofemployees.com.