Post Office Investment Schemes: Types, Interest Rates & Benefits

Post Office Investment Schemes are backed by the Government of India and are a safe and secure way to invest your money.

There are several types of Post Office Investment Schemes, including Savings Account, Recurring Deposit, Time Deposit, Monthly Income Scheme, Public Provident Fund, and National Savings Certificate.

The interest rates for these schemes range from 4% to 7.6% per annum, depending on the type of scheme and the duration of investment.

Savings Account is a basic scheme that offers an interest rate of 4% per annum.

Recurring Deposit is a scheme where you can invest a fixed amount every month for a fixed period of time, and earn an interest rate of 5.8% per annum.

Time Deposit is a scheme where you can invest a lump sum amount for a fixed period of time, and earn an interest rate of up to 6.7% per annum.

Monthly Income Scheme is a scheme where you can invest a lump sum amount and earn a fixed monthly income, with an interest rate of 6.6% per annum.

Public Provident Fund is a long-term investment scheme that offers an interest rate of 7.1% per annum, with a lock-in period of 15 years.

National Savings Certificate is a tax-saving investment scheme that offers an interest rate of 6.8% per annum, with a lock-in period of 5 years.

Post Office Investment Schemes offer several benefits, including guaranteed returns, tax benefits, and easy accessibility.

Overall, Post Office Investment Schemes are a great option for those looking for safe and secure investment options with guaranteed returns.

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