Post office schemes not only give you great returns at better interest rates, but here you also get guaranteed government security. Apart from this, tax benefits are also available in some post office schemes. In which sense post office schemes can prove to be the best option for investment and savings for you.
Post Office Scheme can prove to be very useful for you in terms of savings and investment. Post office schemes not only give you great returns at better interest rates, but here you also get guaranteed government security. Apart from this, tax benefits are also available in some post office schemes. In this context, post office schemes can prove to be the best option for investment and savings for you. In such a situation, let us know about those post office schemes in which the interest rate is more than 8 percent.
Senior Citizens Savings Scheme (SCSS)
This post office scheme was started especially keeping in mind the senior citizens. The post office senior citizens scheme offers the highest interest among all other schemes. At present, this post office scheme is offering interest at the rate of 8.2 per cent. In this post office scheme, such senior citizens who have retired up to 55-60 years can open their account. Under the scheme, an account can be opened with a minimum of Rs 1000. Apart from this, under the scheme, you can deposit up to a maximum of Rs 30 lakh. The biggest feature of this scheme is that it gives the benefit of tax deduction under Section 80-C of the Income Tax Act.
Sukanya Samriddhi Yojana (SSY)
Post Office’s Sukanya Samriddhi Yojana (Post Office SSY) is another post office scheme in which you get a return of 8%. This post office scheme was started especially keeping the daughters in mind. At present, by investing in this scheme, you will get the benefit of compound interest at the rate of 8% per annum. In this post office scheme, you can open your daughter’s account with only Rs 250. Its biggest advantage is also that Sukanya Samriddhi Yojana gives the benefit of tax deduction under Section 80-C of the Income Tax Act.
