Secure your future with these 4 ideal Post Office investment schemes
lifestyle Jun 13 2024
Author: Ishwi Singh Image Credits:Freepik
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Investments
Investments are essential for ensuring your bright and stable future. If you want to send your kids to world’s top universities, you must start investing today.
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Post Office schemes
The Post Office offers some of the best investment schemes with low to no risks involved.
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Invest in future
These schemes are reliable and offer good returns in the long run. Let’s learn about four ideal schemes for you.
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National Savings Certificate
National Savings Certificate offers an annual interest rate of 7.7 percent. You can open an account in your nearest post office.
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NSC
The maximum limit in NSC is Rs 1000. If you invest Rs 1,00,000 in NSC, after five years, you will receive Rs 1,40,255.
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Kisan Vikas Patra
Kisan Vikas Patra caters to the need of farmers. To avail the benefits, you need to invest for 9 years and 7 months. The interest rate is 7.5 percent.
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National Savings Time Deposit Scheme
National Savings Time Deposit Scheme offers an interest rate of 6.9 percent for the first year. For 2 Year Time Deposit, you get an interest rate of 7 percent.
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Savings Account
Post Office Savings Account is perfect for long term benefits. You can get an annual interest rate of 4 percent.