Saving Schemes: These small savings schemes offer the best and guaranteed returns; you can earn up to 8% interest..

If you are an investor looking to grow your money while keeping it safe, then Post Office Small Savings Schemes are an excellent option for you. These schemes not only offer guaranteed returns but also provide interest rates ranging from 7% to 8% on your investment. Let's learn about these schemes in detail…

Public Provident Fund (PPF)
PPF is one of the most popular schemes, offering an annual interest rate of 7.1%, compounded annually. You can invest from ₹500 to ₹1.5 lakh in this scheme. Deposits can be made in a lump sum or in installments. This account matures after 15 years.

Sukanya Samriddhi Account
The Sukanya Samriddhi Account offers an annual interest rate of 8.2% from January 1, 2024. You can invest from ₹250 to ₹1.5 lakh in a financial year. There is no limit on the number of deposits. The account matures after 21 years from the date of opening and is an ideal scheme for a daughter's future fund.

Kisan Vikas Patra (KVP)
Kisan Vikas Patra offers a compounded annual interest rate of 7.5%. The invested amount doubles in approximately 9 years and 7 months. The minimum investment is ₹1,000, and there is no maximum limit.

Mahila Samman Savings Certificate
This scheme offers an annual interest rate of 7.5%, compounded quarterly. You can invest from ₹1,000 to ₹2,00,000. Your balance becomes available for withdrawal after two years from the date of opening the account.

National Savings Certificate (NSC)
NSC offers an annual interest rate of 7.7%, which is paid at maturity. There is no maximum limit on investment. The deposit period is five years.

National Savings Time Deposit (TD)
This scheme offers interest rates ranging from 6.9% to 7.5%. You can invest for 1 year, 2 years, 3 years, or 5 years, as per your convenience. There is no maximum investment limit.

Senior Citizens Savings Scheme (SCSS)
This scheme is for senior citizens. It offers an annual interest rate of 8.2%. You can invest from ₹1,000 to ₹30 lakh. The account matures after 5 years, and if extended, returns are received after every subsequent three-year block.

Disclaimer: This content has been sourced and edited from TV9. 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.