Post Office Saving Schemes: Guaranteed High Returns

The government of the country is running many schemes. This is a small saving scheme. Which is for all classes and children, women, employees, businessmen and elderly. These government schemes are providing huge funds to the common people for the future. For today’s time, this can be a very suitable scheme for savings and retirement. The best thing is that the interest rate on all these post office schemes is available on quarterly basis. These interest rates are revised keeping in mind the inflation rates. The government has recently revised the interest rates on 5 year RD of Post Office. Let us know about it in detail.

In this scheme of the government, interest is available at the rate of 7.5 percent per annum. Investment in this scheme can be started with just Rs 1,000. After this investment can be made in multiples of Rs 100. There is no maximum limit for investing in it. Investments can be made by opening a joint account. Along with this, the facility of nominee is also available. The government is providing more than 7 percent interest on investment in this. The money invested in this government scheme doubles in 115 months. Under the scheme, any person below 10 years of age can open an account in it.

MSSC scheme is being run especially for women only. Women can invest in this scheme for 2 years. This means that women can invest in this scheme only till 2025. In this scheme, women and girls can invest up to Rs 2 lakh in lump sum. At the same time, interest is received at the rate of 7.5 percent. Women can withdraw 40 percent of the money after 1 year of account opening. If you invest Rs 2 lakh for 2 years, you get a return of Rs 2 lakh 32 thousand on maturity.

For your information, let us tell you that this scheme of the post office is considered perfect for those who get guaranteed returns for 5 years. All the money invested in it remains safe. Multiple investments of Rs 100 can be made in RD scheme. At the same time, in the RD scheme, annual interest will be available at the rate of 6.7 percent instead of 6.5 percent for 5 years.

You can open a PPF account by going to any post office or bank. This account can be opened for just Rs 500. Rs 1.5 lakh can be invested annually in PPF. The maturity of this account is in 15 years. After maturity, you can extend it for 5-5 years. Talking about interest, it is available at the rate of 7.1 percent. If someone invests Rs 12,500 in PPF, he can make it for 15 years. A total of Rs 40.68 lakh will be received on maturity. The total investment in this will be Rs 22.50 lakh. Whereas the interest income will be Rs 18.18 lakh.

Senior Citizen Saving Scheme is a special scheme. Recently, along with implementing the new tax system, the Financial Minister had made a big announcement regarding senior citizens. In this, the investment limit has been increased from Rs 15 lakh to Rs 30 lakh. With this change, senior citizens are getting higher returns on investment than before. Currently the interest available on it is 8.2 percent. The investment limit given by the Financial Minister is Rs 30 lakh and if the interest rate is increased to 8.2 percent, the total amount along with Rs 12.30 lakh on maturity of 5 years will be Rs 42.30 lakh. This will be Rs 20,500 on monthly basis. Now senior citizens will get Rs 20,500. Which was earlier Rs 9,500. In this scheme of the government, senior citizens get money every month.

In this post office scheme, it is necessary to deposit at least Rs 500 and there is no limit on maximum deposit. Any person can open a joint account with any elder. The account can also be opened on behalf of any minor. The government is giving more than 4 percent interest on this scheme.