Post office Yojana : By investing in the savings schemes of the post office on behalf of the government, the customers are getting great returns and along with this, from July 1, 2024, many savings schemes have been changed by the Government of India, today we are going to tell you about this in this article.
Post office Yojana
Excellent returns are provided under the savings scheme run by the post office and if you invest in this scheme, you get guaranteed returns and there is no risk of any kind on this. Recently, the government has changed the interest rate of this scheme in the first quarter of this year.
Post Office Recurring Deposit Account Scheme Interest
The RD scheme run by the post office i.e. Recording Deposit Scheme currently provides very good returns to the investors. The interest rate in this scheme is 6.7 percent. After calculation according to this interest rate, investors also get very good profits after completion of 5 years.
In this scheme of the post office, 18-year-old youth can start investing. Along with this, if any child wants to open his account, he can open his account through the documents of his guardian and the account is managed by the guardian.
How much interest will you get on depositing ₹ 2000
If you invest ₹2000 every month in this scheme, then you will invest a total of ₹24000 in 1 year and if we talk about 5 years, then you will have to invest 120000 rupees in 5 years. At present, this scheme is offering you an annual interest rate of 6.7 percent, if calculated accordingly, then after the completion of 5 years, you will get 22,732 rupees as interest.
That means when your maturity time comes, you will get a total return of Rs 1,42,732. In this, you will have to invest for at least 5 years and invest regularly, only then you can get this return.
Post Office Yojana- all savings schemes
The “Post Office Yojana” refers to a range of savings schemes and financial products offered by the postal services in India. These schemes are designed to encourage savings among the general public and provide them with secure and attractive investment options. Some of the popular schemes under the Post Office Yojana include:
- Post Office Savings Account: Similar to a savings account in a bank, it offers a safe place to park money with the convenience of easy withdrawals.
- Post Office Recurring Deposit (RD) Account: Allows individuals to save a fixed amount every month, earning a guaranteed return over a specified period.
- Post Office Time Deposit (TD) Account: Similar to fixed deposits in banks, these accounts offer higher interest rates for fixed tenure investments.
- Post Office Monthly Income Scheme (MIS): This scheme provides a guaranteed monthly income, making it suitable for retirees or those looking for regular income.
- Public Provident Fund (PPF): A long-term savings scheme with attractive interest rates and tax benefits, with a lock-in period of 15 years.
- Senior Citizens Savings Scheme (SCSS): Designed specifically for senior citizens, offering high returns and tax benefits.
- National Savings Certificates (NSC): Fixed income investment scheme with a maturity period of 5 or 10 years, offering tax benefits under Section 80C of the Income Tax Act.
- Kisan Vikas Patra (KVP): A savings certificate scheme that doubles the investment over a specified period.
- Sukanya Samriddhi Yojana (SSY): A savings scheme aimed at the parents of girl children, providing high returns and tax benefits to ensure a secure future for the girl child.
These schemes are known for their safety, as they are backed by the government, and are popular among risk-averse investors looking for stable returns.