Post office new schemes: 71 lakh rupees for 21 years! How to invest in this post office scheme?
Under the post office scheme, a minimum of Rs.250 per year can be deposited. If you deposit a maximum of Rs.1.5 lakh, you will get a maturity amount of over Rs.71 lakh in 21 years.
Fixed Deposit (Post office new schemes)
Nowadays people are looking for alternative ways to invest. The number of investors in the stock market is increasing rapidly. Instead of investing in bank FDs and government schemes, they are looking at the stock market as an alternative. However, there are many benefits of investing in government schemes. Let’s know one of the government schemes that offer high income with tax benefits.
This scheme is launched for women. Any citizen of the country can invest in this scheme for their daughter aged 10 years or below. Under this scheme, minimum deposit can be made from Rs.250 per annum. A maximum deposit of Rs.1.5 lakh can be made.
It is one of the government schemes that offers the highest interest rate. In this scheme, 8.2 percent interest is paid to the account holder every year. If the fixed amount is invested for a few years, when the daughter turns 21, the amount will be more than Rs.71 lakh.
An account under Sukanya Samriddhi Yojana can be opened at any post office branch across the country. Under this scheme, if the investment is for 15 years, the full amount is paid with interest after completion of 21 years.
The interest rate applicable to this scheme is revised by the Central Government every quarter. The maturity amount also varies depending on the increase or decrease in the interest rate. The deposit must be paid before 5th April every year. This can get maximum interest. If you start investing in this scheme after the birth of a girl child, the maturity amount will be available on completion of 21 years.
Let’s see how to get maximum income in this scheme. For example, a deposit of Rs.1.5 lakh per annum for 15 years will yield maximum returns. Maximum interest can be availed only if Rs.1.5 lakh is deposited in the account before 5th April in every financial year.
Similarly, if you invest for 15 years, the total deposit amount is Rs 22.5 lakh. After 21 years the maturity amount is Rs.71,82,119. 49,32,119 in which only through interest. This amount received during the maturity period is tax exempt.
click hear to read in kannada
New schemes offered by the Indian Post Office: Describes various new schemes offered by the Indian Post Office:
- Senior Citizens Savings Scheme : Offers attractive interest rates to senior citizens with guaranteed income and quarterly interest payments on investments.
- Sukanya Samriddhi Yojana : A government-backed savings scheme to secure the financial future of girl children with high interest rates.
- Public Provident Fund : A long-term investment option with tax benefits, compound interest and risk-free returns over 15 years.
- Kisan Vikas Patra ( ) : Doubling the investment amount within a specified period; Available to all Indian residents with guaranteed income. Kisan Vikas Patra (KVP)
- National Savings Certificate (NSC) : A fixed-income investment scheme offering tax benefits and government-backed returns for a period of five years. National Savings Certificate (NSC)
- Monthly Income Scheme (MIS) : Offers regular monthly interest payments to individuals who want steady and reliable income from their investments. Monthly Income Scheme (MIS)
- Post Office Recurring Deposit (RD) : A systematic savings scheme that allows investors to deposit small amounts monthly and earn compound interest. Post Office Recurring Deposit (RD)
- Post Office Time Deposit : Offers flexible investment periods with guaranteed returns with higher interest rates for longer periods.
- India Post Payments Bank : Provides financial services like savings accounts, remittances and direct benefit transfers for better financial inclusion.
- Rural Dak Sevak (GDS) Life Insurance : Life insurance policy for postal workers in rural areas provides security to family members after death.
- Rural Postal Life Insurance (RPLI) : An insurance plan for rural population with low premium and high sum of life cover.
- Postal Life Insurance (PLI) : Life insurance plans with low premium rates aimed at providing financial security to government employees and others.
- Sovereign Gold Bond Scheme (SGB) : Allows people to invest in gold in a digital format, earning interest and capital appreciation over time.
- Atal Pension Scheme (APY) : A retirement-focused scheme offering pension benefits to unorganized sector workers with government co-contributions.
- Pradhan Mantri Jan Dhan Yojana (PMJDY) : A financial inclusion initiative to provide basic banking services like savings accounts and insurance to the unbanked.
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) : A life insurance scheme that provides financial protection to policyholders at affordable premiums.
- Pradhan Mantri Suraksha Bima Yojana (PMSBY) : An accident insurance plan with low premiums, provides coverage for accidental death and disability benefits.
- Sukanya Samriddhi Account : Encourages parents to save for daughter’s education and marriage with tax benefits and compound interest rates.
- India Post E-Commerce Services : Facilitates logistics and delivery services for e-commerce businesses with India Post’s vast network across the country.
- Post Office Savings Account : Basic savings account available to all citizens with check facilities, passbook and attractive interest rate
