Investment: If you want more interest than a bank FD, then invest in these schemes of the Post Office..

In today's time, people have become more aware of saving and investing a part of their earnings, but sometimes it becomes difficult to decide where to invest, where the money is safe, and also gets good returns. Amidst the fluctuations in the stock market and the falling interest rates of banks, post office savings schemes emerge as a reliable option.

These post office schemes are backed by the central government, so investment in them is completely safe. Also, they are not affected by the market conditions, and interest rates remain comparatively stable. Let us know about some major schemes that can convert your savings into better returns.

Senior Citizen Savings Scheme (SCSS)
This scheme is especially for people aged 60 years or above. This scheme is considered ideal for regular income and capital protection after retirement. It gives up to 7.4% annual interest and also provides tax exemption under section 80C of the Income Tax.

National Savings Certificate (NSC)
If you are looking for a low-risk and tax-saving investment, NSC is a great option. This scheme is for five years and currently offers 7.7% annual interest. The amount invested is tax-exempt under 80C, and the maturity amount is guaranteed.

Sukanya Samriddhi Yojana (SSY)
This scheme is the best way to create a provident fund for the education and marriage of daughters. It offers a high interest rate of 8.2% and investment in it also offers tax exemption. This scheme can be opened only for daughters below 10 years of age.

Post Office Time Deposit Scheme
This scheme is similar to a bank FD, but the interest rate is higher. One-year deposit offers 6.9% interest and a five-year deposit offers 7.5% interest. If you want safe and assured returns by staying away from risk, then post office savings schemes can prove to be the best option for you. These plans not only provide financial security but also lay the foundation for a stable future.

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