POST OFFICE SCHEMES: Whether you are young or old, everyone wishes that their deposits remain safe and at the same time keep increasing.
In such a situation, if you are thinking of where to invest your hard-earned money, then the post office can prove to be the best option for you.
The post office not only protects your deposits but also offers many savings schemes, on which you get attractive interest rates. Come, today we tell you in detail about some of the great schemes of the post office:
Savings Account
Opening a savings account is probably considered the first step in the world of investment. You can easily open it by going to your nearest post office. A minimum of ₹ 500 has to be deposited in this account and you get 4% annual interest on the deposited amount. Also, the specialty of this account is that the money deposited in it is completely safe.
National Savings Certificate (NSC)
If you want to invest your money for a little longer, then the National Savings Certificate can prove to be beneficial for you. In this scheme, you get the facility to withdraw money after 6 months on a minimum investment of ₹ 1000.
At the same time, if you keep your money deposited for the entire investment period (9 years and 7 months), then your deposit amount doubles. During this time, the interest rate you get is 7.5% per annum.
![Post Office Scheme](https://www.timesbull.com/wp-content/uploads/2024/06/Post-Office-Scheme-2024-06-02T101702.439-jpg.webp)
Kisan Vikas Patra (KVP)
This is also a great scheme for the post office, in which you can deposit at least ₹ 1000. The special thing about KVP is that if you invest in this scheme, then your deposit amount doubles in 11 and a half years.
During this time, the interest rate you get is 6.9% per annum. However, if your investment is less than 11 years and 6 months, then you will get a 7.7% annual interest rate.
National Savings Time Deposit (TD)
If you want to deposit your money for a fixed period, then National Savings Time Deposit can be a better option for you. In this scheme, you can invest for a period of 1, 2, 3, 5, or 10 years.
You get different interest rates according to the investment period. For example, if you invest for one year, you get a 6.9% annual interest rate, while if you invest for 10 years, you get a 7.7% annual interest rate.