There are many good options for women investors in post office savings schemes. By investing in these schemes, women investors not only receive social security but also earn good returns. Many of these schemes offer higher returns than banks. Today, we will tell you about the 5 best post office savings schemes for women.
Sukanya Samriddhi Saving Scheme
The Sukanya Samriddhi Saving Scheme (SSY) is specially designed to secure the future of daughters. Investors must invest before the daughter turns 10 years old. This scheme offers an interest rate of 8.2% per annum. After opening the account, it can be maintained for a maximum of 15 years. The interest rate on Sukanya Samriddhi Yojana is reviewed every three months. Deposits made under this scheme also receive tax exemption under Section 80C.
Post Office Monthly Income Scheme
The Post Office Monthly Income Scheme is another excellent option for women. The minimum investment in this scheme is ₹1,000, and it offers an interest rate of 7.4%. This scheme helps create a regular income source.
Mahila Samman Savings Certificate
The Mahila Samman Savings Certificate is a special, risk-free scheme for women investors. Women of all ages can invest in it, with a maximum deposit of ₹2 lakh allowed per account. The scheme offers an annual interest rate of 7.5%. After one year, you can withdraw 40% of your deposit.
National Savings Certificate
The National Savings Certificate is a safe, low-risk scheme suitable for all types of investors. The minimum investment in this scheme is ₹100, and its maturity period is 5 years. However, from October 1, 2024, the new NSC will not offer any interest, though deposits made before September 30, 2024, will continue to earn 7.5% interest.
Post Office PPF Scheme
The Post Office Public Provident Fund (PPF) scheme is an excellent long-term investment option. The minimum investment required is ₹500, and the interest rate is 7.1%. This scheme is a safe and beneficial choice for long-term investors. By investing in these post office schemes, women can secure their future and become financially self-reliant.