Very much like a bank offers investment funds plans to residents, post offices additionally offer investment funds plans. The names of the plans might be different however all are speculation choices.
In such a circumstance, today we will give you data around three such plans of the post office, which deal interest rates of in excess of 7% on speculation. There are three plans Senior Citizen Savings Scheme, PPF Account and Sukanya Samriddhi Account Scheme.
Senior Citizens Savings Scheme
Interest Rate – 7.4 percent (premium will be accessible quarterly)
Model Quarterly interest on a store of Rs 10,000 will be Rs 185.
This plan is for individuals over 60 years old. Aside from this, resigned government employees over 55 years and under 60 years old can likewise put resources into it, dependent upon specific circumstances. Resigned protection faculty over 50 years and under 60 years old can likewise open this account, dependent upon comparative circumstances.
Its maximum deposit limit is Rs 15 lakh. Premium is payable on quarterly premise from the date of record opening on 31st March/30th June/30th September/31st December.
PPF
Interest Rate – 7.1 percent (premium will be gotten every year)
Any grown-up, who is an Indian resident, can open a PPF account. Aside from this, the gatekeeper can likewise open the record in the interest of the minor/in critical condition individual. Just a single record can be opened in a post office or any bank the nation over.
The minimum sum that can be saved in a monetary year is Rs 500 and the greatest sum is Rs 1,50,000. If the minimum sum of Rs 500 isn’t saved in any monetary year, the account is shut.
Sukanya Samriddhi Account
Interest Rate – 7.6 percent (premium will be gotten every year)
Sukanya Samriddhi Account can be opened by a guardian for the sake of a young lady youngster below the age of 10 years. Just a single account can be opened for the sake of the girl kid in thepost office or any bank in India.
The account can be opened for a limit of two young ladies in a family. Wherein, if the birth of twin/triple girl youngster, multiple accounts will be permitted to be opened. The minimum deposit sum in the record in a monetary year is Rs 250 while the maximum deposit limit is Rs 1,50,000.
