Post Office: Nowadays many people invest their money in post office so that they can get strong returns in future as well as good interest rates. At present, crores of people of the country have invested their money in post office savings schemes and are also availing the benefits.
Post Office has not one but many savings schemes for its customers and people are often confused about which savings scheme they will invest in and get more benefits. In today’s article we are going to talk about this. In this article, we are going to give you information about some major savings schemes of the post office so that before investing you can understand well which scheme is going to give you more benefits by investing in it.
Which savings schemes are running in the post office?
First of all, it is very important for you to know which savings schemes are currently running in the post office in which you can invest. See, at present there are many savings schemes running in the post office and any citizen of India can benefit by investing his money in all these.
The most prominent of these schemes are Post Office Savings Account, Post Office Recurring Deposit, Post Office Monthly Income Scheme, Post Office Time Deposit, Kisan Vikas Patra, Public Provident Fund, Sukanya Samriddhi Yojana, National Savings Certificate and Senior Citizen Savings Scheme. At the same time, all post offices are giving the benefit of different interest rates to the customers.
How much interest is available in Post Office Saving Scheme?
Talking about interest rates in post office savings schemes, the benefit of different interest rates is being given in all of them. There are some schemes in which customers are given the benefit of interest according to the time period. See below how much interest you get by investing in which post office scheme.
Post Office Savings Account offers 4.0 per cent interest rate and there is no tenure limit. Apart from this, in the Post Office Recurring Deposit Scheme, customers are being given the benefit of interest at the rate of 6.7 percent, which is available on investment for a period of 5 years.
In Post Office Monthly Income Scheme, Post Office gives the benefit of interest at the rate of 7.4 percent and in this you have to invest for 5 years. Along with this, in Post Office Time Deposit Scheme, you are given the benefit of 6.9 percent interest in 1 year, 7.0 percent in 2 years, 7.1 percent in 3 years and 7.5 percent interest if invested for 5 years. It is also known as Post Office FD Scheme.
The Kisan Vikas Patra scheme run by the post office has a lock-in period of 30 months in which customers are given the benefit of 7.5 percent interest rate on investment. Whereas the Post Office gives the benefit of 7.1 percent interest on investing in Public Provident Fund for a period of 15 years.
In the Senior Citizen Savings Scheme, the post office gives the option of investment for a period of 5 years and in this it is giving the benefit of interest at the rate of 8.2 percent to the customers. In National Savings Certificate Scheme, Post Office gives the benefit of interest at the rate of 7.7 percent for a period of 5 years and in Sukanya Samriddhi Yojana, daughters are given the benefit of interest at the rate of 8.2 percent if they invest for a period of 5 years. . 21 years from post office. Is giving benefit of interest.
Keep these things in mind also
Let us tell you that different rules have been made for investment in all the savings schemes of the post office and you will have to invest in them according to the same rules. In some schemes, the post office gives you the option to invest every month, while there are some schemes in which you have to invest your money in lump sum at the beginning of the scheme. Therefore, it becomes important that before investing, you go to the post office and get detailed information about the scheme and only then take a decision about investment.
