The festival of Diwali is considered a symbol of happiness, prosperity and new beginnings. On this auspicious occasion, everyone wants Goddess Lakshmi to reside in their home and financial stability should be maintained. If you want to invest your money in a safe and profitable place this Diwali, then post office investment schemes are the best option for you. These schemes are not only secured with a government guarantee, but also offer tax savings and assured interest, which can bring wealth to your home.
Post Office Monthly Income Scheme
This scheme offers the investor an interest rate of 7.4 percent per annum and is especially suitable for those who want regular income every month. In this scheme, a maximum of ₹9 lakh can be invested in a single account and up to ₹15 lakh can be invested in a joint account. Interest is deposited directly into the account every month, ensuring a steady income to live on.
PPF is a great option for both long-term safe investment and tax saving. This scheme currently offers 7.10% annual interest. In this, investment can be made from ₹ 500 to ₹ 1.5 lakh per year, the period of which is 15 years which can also be extended. Tax exemption is available under Section 80C, making this scheme the first choice of the common man.
Sukanya Samriddhi Yojana
This scheme to secure the future of the daughter is very popular. In this, except Naushahib, interest is available up to 8.20 percent. Investment can range from ₹250 to ₹1.5 lakh per year. This is a helpful scheme for major expenses like daughter’s education and marriage, and it also provides tax benefits.
post office time deposit
This scheme is like fixed deposit, but is considered more reliable because it is guaranteed by the government. In this you can invest for a period of 1 to 5 years, where 6.9% interest is available for 1 year, 7% for 2 and 3 years, and 7.5% for 5 years. There is also the benefit of tax exemption in this.
National Savings Certificate (NSC)
NSC is a permanent source of fixed income for investors, which gives 7.7 percent interest. Its tenure is 5 years and minimum investment starts from ₹1000. Tax exemption is given under Section 80C, making it a satisfactory investment option.
These post office schemes not only keep your capital safe but also help you meet your financial goals with fixed interest and tax savings. This Diwali, adopting these schemes can be a great decision to get the grand blessings of Goddess Lakshmi and financial prosperity.