Govt Schemes: These are the best government schemes, you will earn more than FD..

Investment in FD is considered safe as compared to the market. But since the Reserve Bank of India has cut the repo rate, almost all the big banks of the country have announced a cut in FD rates. People's earnings from FD have reduced. But, if you want to invest your money in a safe place, then some government schemes may be better for you, in which there is zero risk and the return is fixed.

Kisan Vikas Patra

Kisan Vikas Patra is another savings scheme of the Government of India, which offers an interest rate of 7.5%. Its specialty is that the amount invested in it doubles in 115 months (ie 9 years 7 months). This is a safe investment option, in which returns are guaranteed. Investment in this scheme can be started with a minimum of Rs 1000, and there is no maximum investment limit. In this too, tax exemption of up to Rs 1.5 lakh is available under Section 80C of the Income Tax Act, 1961. For more information, you can visit the website of the Indian Post or any bank.

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a savings scheme of the Government of India, in which interest is available at the rate of 8.2%. The objective of this scheme is to secure the future of daughters, so that there is no hindrance in their education or marriage. In this scheme, their parents or legal guardians can open an account for daughters below 10 years of age. In this, a minimum of Rs 250 to a maximum of Rs 1.5 lakh can be deposited annually. The account can be opened in a bank or a post office. The maturity period of the scheme is till the daughter turns 21 years or gets married after the age of 18. Tax exemption of up to Rs 1.5 lakh is available under Section 80C of the Income Tax Act, 1961.

Post Office Monthly Income Scheme

Investors get returns at an interest rate of 7.4% in the Post Office Monthly Income Scheme. Its maturity period is 5 years. In this, investment can be started with a minimum of Rs 1000, and investment can be made in multiples of Rs 1000. The maximum deposit limit for a single account is Rs 9 lakh, and for a joint account, it is Rs 15 lakh.

National Savings Certificate

National Savings Certificate (NSC) offers an annual interest rate of 7.7%. Its maturity period is 5 years. In this, investment can be started with a minimum of Rs 1000, and there is no maximum investment limit. Income tax has to be paid on the interest received in the NSC.

Senior Citizen Savings Scheme (SCSS)

This scheme has been created to provide financial stability to senior citizens after retirement. It offers attractive interest at the rate of 8.2%. People above 60 years of age can invest in this scheme. The minimum deposit amount is Rs 1000, and the maximum is Rs 30 lakh. In this also, tax exemption of up to Rs 1.5 lakh is available under Section 80C of the Income Tax Act.

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