Investment: These 5 government schemes are giving more interest than FD, crores of people have invested..

FD: FD is considered a safe investment compared to the market, but since the RBI (Reserve Bank of India) has cut the repo rate, banks have cut FD rates, which has reduced earnings. But if you want to invest your money in a safe place. So 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 (KVP) is a safe savings scheme of the Government of India, which offers an annual interest rate of 7.5%. The main feature of this scheme is that your investment in it doubles in 115 months (9 years and 7 months). It is a reliable investment option with guaranteed returns.

Investment in this scheme can be started with a minimum of Rs 1000, and there is no maximum investment limit. In this also, 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. (Kisan Vikas Patra)

Sukanya Samriddhi Yojana-
Sukanya Samriddhi Yojana is an excellent savings scheme of the Government of India, which secures the future of daughters. It currently offers 8.2% interest. Parents or legal guardians can open an account for a daughter under the age of 10 years. You can deposit a minimum of Rs 250 to a maximum of Rs 1.5 lakh annually in it, which helps in the expenses of your daughter's education or marriage.

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 percent 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 is Rs 15 lakh.

National Savings Certificate-
National Savings Certificate offers 7.7 percent annual interest with a maturity period of 5 years. In this, you can start investing with a minimum of ₹ 1000, and there is no maximum investment limit. The interest received on NSC comes under the purview of income tax.

Senior Citizen Savings Scheme (SCSS)-

This scheme has been designed to provide financial security to senior citizens after retirement. People above 60 years of age can invest in it, and they get an attractive interest rate of 8.2 percent, which helps in ensuring their financial stability. 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. (Senior Citizen Saving Scheme)

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.