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.

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If you plan smartly, you can save lakhs of rupees by investing in many types of schemes. We are telling you about one such option where you are getting the benefit of tax saving along with good returns. Its name is Public Provident Fund Account.

By investing in Public Provident Fund i.e. PPF, you can avail the benefit of guaranteed returns as well as tax exemption. You can invest in PPF for a total of 15 years. Investors get the opportunity to deposit money ranging from Rs 500 to Rs 1.50 lakh every year, in which they are getting the benefit of 7.1 percent interest on the deposited amount.

Along with this, you are getting an annual exemption of Rs 1.50 lakh on investment in PPF under Section 80C of Income Tax. According to the PPF calculator, if you invest up to Rs 1.50 lakh every year for 15 years, you will get Rs 40.68 lakh on maturity. The amount invested in this will be Rs 22.50 lakh, on which Rs 18.18 lakh will be received as interest.

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At the same time, the budget 2023 is also going to be presented by the central government soon. The government can make many announcements in this budget. Meanwhile, a scheme of the government is quite popular, in which tax exemption is also available. Investors can invest in this scheme of the government annually and get better returns. At the same time, tax exemption is also available in this scheme.

Long term planning We are talking about Public Provident Fund (PPF). Public Provident Fund (PPF) scheme is a very popular long term savings scheme in India due to its combination of tax savings, returns and safety. The PPF scheme was launched in 1968 through the National Savings Institute of the Ministry of Finance. The objective of this scheme is to help people to make small savings and give good returns on savings.

Tax exempt

PPF plans offer attractive interest rates and no tax is to be paid on the returns generated from the interest rates. Which saves a lot. On the other hand, when a person withdraws money from the PPF account, then the amount saved as well as the interest generated is exempt from tax.

Can’t close before time

Invest in this scheme for 15 years and after that tenure can be extended for 5-5 years. At the same time, a minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested annually in this scheme. Whereas the maturity amount depends on the investment tenure. However, you cannot close the Public Provident Fund account prematurely.

Tax Benefits

Public Provident Fund is one such investment which comes under the Exempt-Exempt-Exempt (EEE) category. This means that the amount you deposit in the Public Provident Fund will be deductible under section 80C of the Income Tax Act. When you withdraw the money, the amount deposited and interest will be exempt from tax. It should be noted that you cannot close the Public Provident Fund account before maturity.

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