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Secured Investment: By investing in these 4 schemes including Post Office National Savings Certificate and Time Deposit, you can get higher returns than FD



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Secured Investment: By investing in these 4 schemes including Post Office National Savings Certificate and Time Deposit, you can get higher returns than FD


If you want to get a higher return on your investment than a fixed deposit (FD), you can invest in post office schemes. You can earn more interest by investing in Post Office Kisan Vikas Patra, National Savings Certificate, Time Deposit Scheme and Monthly Income Scheme.

The Kisan Vikas Patra scheme is currently earning 6.9% interest, which is higher than FD. SBI, the country's largest bank, is currently offering a maximum interest rate of 5.4% on FDs. The best thing about these schemes is that your money is completely safe.

Kisan Vikas Patra (KVP)

  • The Kisan Vikas Patra (KVP) Savings Scheme is currently offering 6.9% interest.
  • There is no maximum investment limit in KVP. However, your minimum investment should be Rs.
  • The investor must be at least 18 years of age. It also has the facility of joint account apart from single account.
  • Minors can also be included in the scheme. But that account must be handled by their parents.
  • If you want to withdraw your investment you have to wait at least 2.5 years. It has a lock-in period of two and a half years.
  • The amount deposited under this is exempted under Section 80C of the Income Tax Act.
National Savings Certificate Scheme (NSC)

  • Post Office National Savings Certificate (NSC) is earning 6.8% annual interest
  • The interest is calculated on an annual basis, but the amount of interest is paid at the end of the investment period
  • You have to invest a minimum of Rs 100 to open an NSC account.
  • This account can also be opened in the name of a minor and a joint in the name of 3 adults.
  • An account can also be opened in the name of a minor over the age of 10 under the supervision of a parent.
  • The amount deposited in the National Savings Certificate is tax deductible under Section 80C of the Income Tax Act.
  • You can invest any amount in NSC. There is no maximum investment limit.
Time deposit scheme

  • This is a type of fixed deposit (FD). You can take advantage of fixed returns and interest payments by investing a lump sum for a fixed period of time.
  • The Post Office Time Deposit Account offers interest at a rate of 5.5% to 6.7% for a period of 1 to 5 years.
  • According to the India Post website, a tax exemption of up to Rs 1.5 lakh can be availed under Section 80C of the Income Tax Act for a 5-year investment.
  • A minimum investment of Rs.1000 is required. As well as no limit to the maximum investment.
  • A person who is above 18 years of age can also invest in the scheme. It can also open a joint account.
  • It can save tax on investments up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
Monthly Income Scheme

  • The interest is being paid at 6.6%. An account can be opened with a minimum of Rs 1,000 under this scheme.
  • You will also get all your money back after completing the scheme. That means you can guarantee regular income for yourself from this account.
  • If your account is single, you can deposit up to Rs 4.5 lakh. On the other hand, if you have a joint account, a maximum of Rs 9 lakh can be deposited in it. The maturity period is 5 years.
  • If you invest Rs 4.5 lakh under this scheme, you will now get Rs 29,700 per annum at an annual interest rate of 6.6%.
  • Also, if you invest Rs 9 lakh in a joint account, you will get 59,400 annual interest.

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