Post Office Schemes are still very popular among investors as they are considered safe and secure. There is no risk of losing money in these schemes. Today, we will tell you about some post office schemes that can help you build a significant fund with your investments. Additionally, these schemes also provide tax-saving benefits. By investing in these schemes, you can save up to ₹1.5 lakh in taxes under Section 80C.
Top 5 Tax-Saving Schemes
1. Public Provident Fund (PPF)
PPF is very popular among investors. You can deposit a large amount in this scheme, and it offers a tax saving of up to ₹1.5 lakh under Section 80C. The deposit in PPF is locked for 15 years, and it offers a return of 7.1%.
2. National Savings Certificate (NSC)
You can start this scheme with just ₹1,000. Like PPF, you can claim tax deductions of up to ₹1.5 lakh under Section 80C. This scheme offers an interest rate of 7.7%, and you can invest for 5 years.
3. Senior Citizen Savings Scheme (SCSS)
SCSS is a popular scheme for retirement planning. You can start with a minimum of ₹1,000 and invest up to ₹30 lakh. The scheme offers a return of 8.2%, and you can also avail of tax deductions under Section 80C.
4. Sukanya Samriddhi Yojana (SSY)
This scheme is designed for the future of your daughter. You can start it with as little as ₹250 and claim tax savings of up to ₹1.5 lakh under Section 80C. The scheme offers a return of up to 8.2%.
5. Post Office Time Deposit Scheme (POTD)
In this scheme, you can invest money for 5 years. You can claim tax savings of up to ₹1.5 lakh under Section 80C. The minimum investment required is ₹1,000, and the return offered is 7.5%. However, tax benefits are not available if you invest for a period shorter than 5 years.