Post Office Small Saving Schemes After the arrival of the corona epidemic in the country, it is estimated that much will change in the world after this. Due to the Corona epidemic, people faced severe problems and lost jobs to crores of people. In such a situation, saving in bad times becomes a compulsion of the common man. In such a situation, if you also want to save for your old age and secure the future of your children, then this news is for you.
Most of the people are either unaware of the ways of investing money in the stock market or they are afraid of sinking money, so investing in a post office would be a better option. You can secure your future and children’s future by investing in some Small Saving Schemes in Post Office. These schemes include NSC, PPF, FD and Sukanya Samriddhi Yojana.
Sukanya Samriddhi Yojana launched by the Modi government is a great example of small saving scheme. Under this scheme, this scheme can be taken before the completion of 10 years after the birth of the daughter. Under this scheme, a minimum amount of Rs 250 and maximum amount of Rs 1.5 lakh can be invested in the post office in a year.
Under this, by the time the daughter is 21, your investment will be matured and the amount received from it can be used in the daughter’s marriage. Please tell that in this, you can also take a tax rebate of up to 1.5 lakhs.
The second scheme is PPF Public Provident Fund. You can also run it in the name of your family members. PPF needs 15 years to become mature. On PPF, you get tax benefits on investment amount, interest and maturity. In this scheme, you can invest up to 1.5 lakh rupees in a year. It requires a minimum investment of up to 500 rupees every year. You can also open this account in a bank or post office.
The third plan is the NSC National Savings Certificate. Tax relief is given by the government on investment in it. Also, you will also get interest on it annually. You can start by depositing a minimum amount of 100 rupees in this scheme. In this scheme, you can open an account with any member of your family or jointly.
You can also save tax under FD Fixed Deposit. In this, you can save tax up to Rs. 1.5 lakh. The lock-in period is 5 years. However, the tax has to be paid on the interest received on FD. In all these schemes, tax relief is given by the government.