Post office various scheme
Scheme and Kisan Vikas Patra earn more interest than FD, Find out how much return you will get if you invest for 10 years
The PPF account is earning 7.1% interest.
The Kisan Vikas Patra scheme is earning 6.9% interest.
The government made no reduction in the small savings scheme in the October-December quarter. Because of this, these schemes still pay more interest than the fixed deposit (FD). You can get a good return by investing in it. Here are 5 post office schemes in which you will get more interest than FD on investment.
An account can be opened at a bank or post office under this scheme. Apart from this it can also be transferred to any bank or any post fee.
This account can be opened for only Rs. But then it is necessary to deposit Rs.500 every year. A maximum of Rs 1.5 lakh can be deposited in this account every year.
This account cannot be closed before 15 years. But after 3 years the loan can be taken against this account. Anyone can withdraw money under the rules from the 7th year of this account if they wish.
The government reviews interest rates every three months. This interest rate can be more or less. The account is currently earning 7.1% interest.
By investing in this scheme Rs. Tax exemption up to Rs 1.5 lakh can be obtained under 80C.
The Kisan Vikas Patra (KVP) Savings Scheme is currently offering 6.9% interest.
There is no maximum investment limit in KVP. However, your minimum investment should be Rs.