Small Saving Scheme Interest Rate: If you like to invest in small savings schemes, then there is some useful news for you. Through the post office, the government gives the facility to the customers to invest in different schemes. Many people do not like to invest in the stock market, mutual funds and bonds because it involves risk. In such a situation, small savings schemes can be a good option for investment. If you are going to invest money in it, then we are telling you about the interest you get on it.
1. Post Office Time Deposit Scheme
For post office customers, the Time Deposit Scheme is a kind of FD scheme, in which you can invest for one year, 2 years, 3 years and 5 years. In this scheme, you can invest from Rs 1,000 to its multiples. By investing under this scheme, you will get a rebate of Rs 1.50 lakh under Section 80C of Income Tax. In this scheme, you can get an interest rate of 6.9 percent for 1 year, 7 percent for 2 years, 7.1 percent for 3 years and 7.5 percent for 5 years.
2. Senior Citizen Savings Scheme
For senior citizens, the post office offers Senior Citizen Savings Scheme. Under this scheme, investors can invest from Rs 1,000 to Rs 15 lakh. In this scheme, a rebate of Rs 1.50 lakh is available under Section 80C of Income Tax. The government is offering an interest rate of 8.2 percent on this scheme.
3. Monthly Income Scheme
Monthly Income Scheme is a scheme of the post office in which you get the benefit of returns every month. In this scheme, you can invest a maximum of Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account. Under this scheme, the government is offering 7.4 percent interest rate on the deposits.
4. Post Office Savings Scheme
Under the Post Office Saving Scheme, you are allowed to invest any amount starting from Rs 5,000. Under this scheme, there is no tax on interest of Rs 10,000. At the same time, 4 percent interest is being given on the scheme.
5. National Savings Scheme
Under the National Savings Scheme, investors get the facility to invest any amount from Rs 1,000 to the maximum. Exemption is also available under Section 80C of Income Tax. 7.7 percent interest is being given under this scheme.
6. Public Provident Fund
Under the Public Provident Fund Scheme, you can invest an amount ranging from Rs 500 to Rs 1.50 lakh in a year. Tax exemption benefits are also available under this scheme. The benefit of 7.1 percent interest rate is being given under the scheme.
7. Kisan Vikas Patra
This is also a small savings scheme of the post office under which you can invest any amount starting from Rs 1,000. In this scheme, the money gets doubled. Under the scheme, you get the benefit of 7.5 percent interest rate.
read this also-
Bank Employees: There will be a 5-day week for bank employees! SBI chairman said this
