Post Office Schemes For Women: There are multiple options available for women looking to invest in schemes run by the Post Office. Investing in these schemes will not only give women investors social security but also good returns. In this article, we will explore top five investment-cum-social security schemes and understand their features and benefits.
Sukanya Samriddhi Saving Scheme
Sukanya Samriddhi Saving Scheme is specially designed to secure the future of daughters. Investment is made in this scheme before your girl child turns 10. Investing in it gives an interest rate of 8.2% per annum. The account can be run for a maximum of 15 years after opening of the account. The interest rate on Sukanya Samriddhi Scheme is reviewed every three months. Interest is credited to the account at the end of each financial year. Deposits made under the scheme qualify for deduction under Section 80C.
Post Office Monthly Income Scheme
If you want a fixed income every month from your savings, then the Post Office Monthly Income Scheme is a great option. The minimum investment in this scheme is Rs 1000, and it offers an interest rate of 7.4%. This scheme helps in creating a regular income source.
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Mahila Samman Bachat Patra
Mahila Samman Saving Certificate is a special risk-free scheme for women investors. Women of all ages can invest in it. A maximum of Rs 2 lakh can be deposited in an account in this scheme. Here 7.5% interest is available annually, and after one year you can withdraw 40% of your deposit.
National Savings Certificate
National Savings Certificate is a safe and low-risk scheme, suitable for all types of investors. The minimum investment in this is Rs 100, and its maturity period is 5 years. However, from October 1, 2024, there will be no interest on deposits in the new NSC, but till September 30,
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