- Best Investment Schemes: Customers can keep their money safe by investing in some post office schemes
- Senior citizens can also invest in Vayana Vandana scheme to get guaranteed pension.
Best Investment Schemes
new Delhi. People generally prefer to invest in FDs for savings. Because it gets better interest, but in the present situation most banks have reduced its interest rate. In such a situation, if you are looking for schemes where you want to make good profit from small investment, then schemes like MIS scheme of Post Office and Pradhan Mantri Vaya Vandana Yojana for Senior Citizens are beneficial for you. Can be proved These are expected to yield higher returns from FDs. So what are the plans and know how to invest?
1. Monthly Income Scheme (MIS)
The post office MIS scheme can prove to be quite beneficial for small investors. You can make millions of rupees by investing in this scheme. One can invest minimum Rs 1000 and maximum Rs 4.5 lakh. Whereas you can deposit up to a maximum of 9 lakh rupees in a joint account. The rate of interest is 6.6% on the investment. You can open both single and joint accounts in it. In this, your total returns get on an annual basis.
2. Pradhan Mantri Vay Vandana Yojana
Pradhan Mantri Vaya Vandana Yojana is a better option for senior citizens to get monthly pension. In this scheme operated by LIC, they get a guaranteed pension at a fixed rate for 10 years. Apart from this, the pensioner also gets good returns when the maturity date is completed. In this, a person can invest a maximum of Rs 15 lakh in the scheme.
3. National Savings Certificate
The post office NIS scheme can also prove to be a good option for better returns. It will yield 6.8 percent annual returns. Its maturity period is 5 years. If you want, you can extend it even up to 5 times. Under this scheme you can invest from 100, 500, 1000, 5000 and 10 thousand rupees. There is no maximum investment limit.
4. Public provident fund
This scheme is quite popular in terms of safe investment. The scheme offers interest of up to 7.1 percent. The maturity period of the scheme is 15 years. However it can be extended further over a period of 5–5 years. For this extension, Form-H has to be submitted. The good thing about the scheme is that there is no tax on its maturity amount and interest.
5. Time deposit scheme
In the post office time deposit scheme, you can double the money. Because you will get 5.5% interest in it. If you invest for 5 years, then you get interest at the rate of 6.7 percent. After 10 years, your money will double. Single or joint account can be opened in this scheme. Not only this, as a guardian account can be opened in the name of children above 10 years of age.
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