On the colossal interest of people in general, the Post Office runs many sorts of investment funds plans. Small investment funds plans of the Post office pay more interest than the plans of conventional banks.
Cash is likewise protected on the grounds that the entire matter is run under government watch. This is the explanation that because of ensured pay and exorbitant premium, individuals open accounts in the Post Office Saving Scheme unpredictably.
In the event that you name the Post office savings scheme, it incorporates Post office savings account, Post office recurring deposit (Post office rd), Post office time deposit, senior citizen investment funds scheme, public provident fund (ppf) and national savings certificate.
We will be aware of the multitude of plans referenced above, in which how much interest is being gotten. From the pace of interest, it will be realized that how much advantage is there in which scheme and what will be the advantage of remaining in it. let us tell about them.
1-Post Office Savings Account
Post Office savings account is getting 4% premium starting today. There is no assessment on interest in this account. Be that as it may, charge is to be paid on the premium acquired from the investment account. Just one account can be opened in a Post Office. In the event that you need, you can likewise open this account for your minor child.
2-Post Office Recurring Deposit
As of now, 5.8% premium is accessible on Post Office Recurring Deposit account. There is no assessment on the cash saved in this account. However, charge must be paid on the premium brought in on the saved cash. The residency of this account is for quite a long time after which you can pull out your cash. You can deposit at least Rs 100 in this and there is no greatest cutoff.
3-Post Office Time Deposit
Post Office Time Deposit is opened for 1 year, 2 years, 3 years and 5 years. The loan cost on time stores of 1, 2 and three years is 5.5% while on time stores of 5 years, the pace of interest is 6.7%. There is no expense on keeping cash in this record, yet the premium procured on ventures is burdened. The minimum assured sum is Rs 200 and there is no most extreme breaking point. Quite a few accounts can be opened by an individual. It very well may be moved starting with one Post Office then onto the next branch.
4-Senior Citizen Savings Scheme
7.4% interest is being accessible in Senior Citizen Savings Scheme. This account is exclusively for senior residents. There is no duty on interest in this account, however the premium procured is available. To join this plan, the base age should be 60 years. One can deposit up to Rs 15 lakh in one account for each individual. If you put Rs 13 lakh in this plan, you will get Rs 24,900 each quarter. After the consummation of the arrangement time frame, it very well may be stretched out for the following 3 years.
5-Sukanya Samridhi Yojana
This plan is for little girls and accounts can be opened for girls up to the age of 10 years. As of now, 7.6% interest is being given on this. There is no duty on venture cash and there is no assessment on premium procured. Just one account can be opened for the sake of a young lady kid. Tax Exemption of up to Rs 1.5 lakh is accessible in this account. At 18 years old, the young lady can pull out 50% of the sum from the account. The development of the account is done at 21 years. in the year
6-Public Provident Fund
Public Provident Fund or PPF is as of now getting 7.1% interest. No premium is charged on its speculation. Premium acquired is additionally not burdened. This plan is run for quite a long time. You can deposit at least Rs 500 in this plan and a limit of Rs 1.5 lakh in a year. Cash can’t be saved in excess of multiple times in a year in portions. After the account development following 15 years, it very well may be stretched out for the following 5 years.
