PPF Vs NSC Vs SCSS: Benefits and interest rates given to investors in the scheme

PPF Vs NSC Vs SCSS: Many savings schemes are being run by the post office. In such a situation, if you are thinking about investing, then this is the best opportunity for you. Because strong benefits are being given on some savings schemes of the post office. These include PPF, National Savings Certificate, Senior Citizen Savings Scheme etc.

The post office has specially designed all these small savings schemes to secure the future. Senior citizens can secure their future by investing in all these schemes. But first let us know which scheme among PPF, NSC, Senior Citizen Savings Scheme is getting the most benefit. The benefits and limits of all three schemes are different. Let us know about them in detail.

PPF Scheme

Let us tell you that PPF is a long term return scheme. In this scheme, investors get tax benefits. Along with this, the benefit of compound interest rate is also available. By investing in this scheme, you can arrange for your child’s education, marriage, pension after retirement, etc. In PPF scheme, you have to invest for 15 years.

After investing for 15 years, you can also extend it for 5-5 years. Any citizen of the country can take advantage of PPF scheme. If a person has an EPF account, he can also invest in PPF scheme. To open an account in this scheme, one has to go to a nearby post office or bank. Minors can also open an account in PPF. But it is handled by the parents.

Talking about the interest rate in PPF scheme, at present the benefit of interest is being received at the rate of 7.1 percent. Let us tell you that in this you have to invest at least Rs 500 and maximum Rs 1.50 lakh. At the same time, to take full advantage of the interest, money has to be deposited on the 5th of every month.

Senior Citizen Saving Scheme

Investors get monthly income in Senior Citizen Saving Scheme. This is the most special small savings scheme of the post office. Through this scheme, you can get monthly income after retirement. In this special scheme of the government, senior citizens invest for only 5 years and receive 20 thousand rupees every month as pension.

In the Senior Citizen Scheme of the Post Office, interest is received at the rate of 8.2 percent. A lump sum amount has to be invested in this scheme. A person above 60 years of age can invest in this scheme of the post office. A maximum of Rs 30 lakh can be invested in this scheme. Earlier, the limit for investing was only Rs 15 lakh.