Small Saving Scheme: The current interest rates on post office small savings schemes are better than those currently offered by public and private banks.
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Post Office Small Saving Scheme: If you want to make small savings due to the ever-increasing inflation in the country, then these 3 post office tips are for you. small savings schemes Can prove to be very beneficial. By investing in these schemes, you can make a good fat fund in future. You can start by investing Rs 500 every month in these schemes. Just for this you have to invest for a long time.
Let us tell you that the current interest rates on many small savings schemes are better than the schemes currently offered by public and private banks. The interest rates on small savings schemes are revised from time to time and depending on the market. The government has several small savings schemes like Public Provident Fund, Senior Citizen Savings Scheme (SCSS), National Savings Certificate, Sukanya Samriddhi Yojana (SSY), Kisan Vikas Patra and various deposit schemes available in the post office.
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The interest rates on small savings schemes are better than the schemes of other banks. The applicable rates for Small Savings Schemes are revised from time to time. Interest rates on select small savings schemes were last revised for the fourth quarter of FY 2022-23. The interest rates applicable to small savings schemes depend on a number of factors. You can get good returns by making small savings in these schemes.
In the Public Provident Fund (PPF) scheme, you can open an account with Rs 500. And if you make 500 rupees every month in this account, then you can prepare a big fund in future. In this scheme, annual interest is available from 7.1 percent to 7.6 percent. In this, you can invest a maximum of Rs 150000 annually. Along with this, you also get tax exemption under Section 80C of the Income Tax Act in this scheme.
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Sukanya Samriddhi Yojana
You can also open an account with Rs.500 in Sukanya Samriddhi Account Scheme. And if you make 500 rupees every month in this account, then you can prepare a big fund in future. In this scheme, annual interest is available from 7.1 percent to 7.6 percent. In this, you can invest a maximum of Rs 150000 annually. Along with this, you also get tax exemption under section 80C of the Income Tax Act 1961 in this scheme.
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RD Account Scheme
You can invest in Post Office’s RD Account (Post Office Recurring Deposit Account) scheme. In this scheme, an annual interest of 5.8 percent is available on RD. This interest rate is available quarterly. You can invest a minimum of Rs 100 every month or any amount in multiples of Rs 10 in this scheme. There is no maximum limit for investment in this scheme. You can create a big fund by investing in this scheme also.
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