Invest in these best schemes of Post Office, investment will be risk free with good income

New Delhi. The federal government has not made any modifications within the rates of interest on the Submit Workplace Saving Scheme for the primary quarter of the present monetary 12 months. The brand new 12 months has not began but. In such a scenario, in case you are doing any new planning, then a particular saving scheme of the publish workplace may be useful for you. There may be additionally a very good earnings each month by means of this scheme. Allow us to inform you every little thing about these schemes:

Nationwide Financial savings Certificates (NSC)
One may also make investments on this scheme within the publish workplace. The Nationwide Financial savings Certificates (NSC) attracts an curiosity of 6.8% yearly on funding. Curiosity is calculated yearly. On the similar time, the curiosity quantity is given solely after the completion of the funding interval. A minimal funding of 1 thousand rupees may be made on this scheme. There isn’t a most funding restrict within the scheme. The entire funding interval below the Submit Workplace’s NSC scheme is 5 years. In line with India Submit, below this scheme the account is opened with at the least 100 rupees.

Also read: Make money in this scheme of Post office doubled, 4 lakhs of 2 lakhs will be available on maturitySubmit Workplace Time Deposit (POTD)

Just like the financial institution, you may as well FD within the publish workplace. This scheme is out there within the title of time deposit within the publish workplace, in which you’ll deposit cash for 1 12 months, 2 years, three years and 5 years. The benefit is that right here the rate of interest on FD is greater than the financial institution. Below the publish workplace time deposit, 6.7 % curiosity is being accrued yearly on 5-year deposits. There’s a advantage of tax exemption below part 80C on a five-year time deposit. Submit workplace fastened deposit account can be opened by individual by means of money or verify.

Kisan Vikas Patra (KVP)
If you wish to double the quantity of your funding, then KVP is the best alternative. So far as the rates of interest of different small financial savings schemes are involved, the federal government opinions them each quarter. When the cash invested on this approach will double, it will depend on the rates of interest. The rate of interest for KVP has been fastened at 6.9 per cent within the first quarter of FY 2021. Sure, your funding will double in 124 months. In case you make investments 1 lakh rupees outright, then you’ll get 2 lakh rupees on maturity. 124 months is the maturity interval of this scheme. This scheme doesn’t come below the Earnings Tax Act 80C. Subsequently, no matter returns will come, there will likely be tax. TDS will not be deducted on this scheme.