Post Office: If you are thinking of investing your money somewhere in terms of both savings and investment, then post office schemes can prove to be the best for you.
In these schemes, you get many benefits like government security, better interest and tax deduction on your deposited amount. In such a situation, let us know in which schemes of the post office you get more than 7 percent interest.
Post Office Time Deposit (Post Office TD)
Any adult Indian person can open his account in this post office scheme. The most important thing about this scheme is that it also provides tax benefits under Section 80-C of the Income Tax Act. On the other hand, if we talk about the annual interest received in this scheme, then if the depositors invest in this scheme for three years, then they will get the benefit of 7% interest rate and if they invest for 5 years, then they will get the benefit of 7.5% interest rate.
Post Office Monthly Income Scheme (Post Office MIS)
Interest is given every month in this post office scheme. That is, in this you will get the benefit of earning every month. Under this scheme, any adult Indian person can open his account. Under the scheme, your account can be opened with a minimum amount of Rs 1000. At the same time, a maximum of Rs 9 lakh can be deposited in this scheme. In this scheme, the account holders get the benefit of interest at the rate of 7.4 per cent per annum.
Post Office PPF
Any Indian can open his account in this post office scheme. At the same time, an account can be opened with a minimum of Rs 500 and a maximum of Rs 1,50,000. In this scheme, the account holders get tax benefit under section 80-C of the Income Tax Act. In this scheme, the benefit of compound interest is available at the rate of 7.1 percent per annum.
National Savings Certificate
Investment in this scheme of post office can be started from at least 1000 rupees. In this scheme also, the benefit of tax deduction is available under Section 80-C of the Income Tax Act. This scheme offers interest at the rate of 7.7% per annum.
Kisan Vikas Patra
This post office scheme has been started especially keeping the farmers in mind. However, anyone can open their account in this. The most special thing about this scheme is that after a while your amount will be doubled. In this scheme, the account holders are being given the benefit of interest rate of 7.5 per cent per annum.
Mahila Samman SavingsÂ
The scheme was announced by Finance Minister Nirmala Sitharaman in her Budget 2023 speech. However, this scheme is valid only for 2 years i.e. till the year 2025. It has been specially started for women. In this scheme, interest is being given to the account holders at the rate of 7.5 percent per annum.
