There are many investors who do not want to invest in equity funds and avoid taking risks. They want such investments, which give a guaranteed return on time. For this, Post office Scheme or Small Savings Scheme proves to be very useful. By investing in these schemes, not only can you raise money for any possible emergency, but you can also fulfill your target of saving. Not only this, under Section 80C of the Income Tax Act, 1961, investing in them also gives tax benefits of up to Rs 1.5 lakh. Let us tell you about some such small savings schemes in this news today, which gives returns as well as profit to the investors.
Post office Savings Account
Under the post office savings account, interest is given at the rate of 4 percent and the minimum amount to open an account is Rs 500.
National Savings Time Deposit
There is no maximum investment limit in the National Savings Time Deposit Scheme. You can deposit money in multiples of Rs 100 or Rs 1,000. It gives interest at the rate of 6.9 percent on deposits for one year, 7 percent on two years, 7.1 percent on three-year deposits and 7.5 percent on deposits for five years.
National Savings Recurring Deposit Amount
You can apply for this tax saving investment by going to any post office. It can also be started from Rs 100, while there is no upper limit on maximum investment. It is also getting 6.7 percent interest from january 1.
National Savings Monthly Income Account
In this too, money can be deposited in the account in multiples of Rs 1000, on which 7.4 percent interest is available annually. In this, the maximum investment amount in a single account is Rs 9 lakh, while the maximum investment limit in a joint account is Rs 15 lakh.
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