Post Office Scheme: In today’s time, by investing through Post Office Saving Scheme, you can get good returns in future. In today’s time, the Post Office FD Scheme is also considered very beneficial in which good interest is provided. Post Office Monthly Income Scheme (POMIS) or other similar schemes also do not give much return, but there is a scheme which can provide you a good return. Today we will tell you about such Post Office HD or Scheme. A deposit of ₹ 10 lakh can potentially give a profit of up to ₹ 4.5 every month and we will also provide you detailed information about what its interest rate can be.
Post Office Schemes And Interest Rates
There are many schemes of post offices in which you get good returns without paying any tax. You can get higher interest on Rs. 10 lakh linked to government or post office schemes, while no standard post office scheme pays Rs. 4.5 lakh per month. There are some schemes for senior citizens too which give good returns like the Senior Citizen Savings Scheme. Apart from this, the Monthly Income Scheme provides good returns. And if you are looking for a good savings scheme at this time, then these two schemes can prove to be the best option for you.
Options other than Post Office Monthly Income Scheme (POMIS)
Everyone knows about this scheme. It is considered to be one of the most popular schemes of the post office. Senior citizens can save under this scheme. Apart from this, there is the Post Office Time Deposit Scheme in which you can invest for 5 years. There is the National Savings Certificate. There is the RBI Floating Grade Saving Bond Scheme. Apart from this, there is also the Link Saral Pension Scheme. There is also the Corporation Fixed Deposit. For more risk, there is also the Mutual Fund Monthly Income Scheme in which you can get good returns by investing.
Benefits of Post Office Schemes and other options
Post Office schemes are backed by the government and offer good returns. Government backed security especially SCSS, POMIS and RBI bonds. Apart from this, there are many good options of schemes for senior citizens. Talking about the main benefits, SCSS and NSC get tax benefits under section 80C.
Also Read: SBI PPF plan information! Invest ₹1,000 every month and get ₹3.25 lakh secured