By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Happen Recently
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
Reading: Post Office Savings Schemes is a good option for investment, know its benefits
Share
Aa
Aa
Happen Recently
  • Business
  • MSME
  • Startup
  • India
  • International
  • Get App
  • Magzine
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
Business

Post Office Savings Schemes is a good option for investment, know its benefits

savitri soni
Last updated: 2023/08/05 at 12:19 PM
savitri soni
Share
3 Min Read
SHARE

Post Office Savings Schemes: We all invest our savings. Everyone wants to get more profit than the amount they invest. Many people like to invest in post office schemes. In such a situation, the question comes in the mind of many people whether investing in a post office is a good option or not.

The Post Office Savings Scheme is safe for investment. In this, money is received after the maturity of the investment. There are many schemes to invest in the post office. If you also invest in post office schemes, then you can invest in many schemes like National Saving Certificate, Sukanya Samriddhi Yojana (SSY), Public Provident Fund, Post Office Time Deposit, Senior Citizen Saving Scheme (SCSS), Kisan Vikas Patra.

In post office schemes, investors get higher interest rate as well as tax benefits. Because of this, people like all these schemes very much. You should take care of many things before investing in this scheme.

keep these things in mind

You can deposit at least Rs 500 in the post office scheme. It is mandatory to deposit this amount.

In these schemes, you can open individual or joint accounts.

Investors get 4% interest in this scheme.

Apart from this, if a customer requests, he can avail many services like checkbook, ATM card , e-banking and mobile banking.

Apart from this, tax benefit is also available in this scheme under section 80TTA of the Income Tax Act . In this, a deduction of up to Rs 10,000 can be claimed from the total income of the investor.

In this scheme, investors can select the tenure for which they are investing. Investors can choose between one year, two years, three years and five years tenure.

post office scheme interest rates

New interest rates have been released for the second quarter of the financial year 2023-24 i.e. from July 2023 to 30 September 2023. If an investor invests for 1 year, then you get 6.9% interest. At the same time, 7 percent interest is available on investment of 2 years and 3 years. The highest interest is available on investment of 5 years. Interest of 7.5 percent is available on this.

Benefits of post office scheme

Both rural and urban investors get the benefit of this scheme.

Investing in this scheme is very easy.

All those investors who do not want to take risk can invest in this scheme.

In these schemes, interest ranges from 4 percent to 8.2 percent.

You Might Also Like

Lenskart: Revolutionizing Eyewear in India

Furnliv Redefines Indian Furniture Retail: Merging Global Design with Homegrown Manufacturing Excellence

Infosys CEO Salil Parekh’s Salary Rises to ₹80.6 Crore: What This Means for India’s Tech Sector

Gavi Infra Secures Key Wins in Smart City, Solar, and Power Infrastructure Projects Across India

Nykaa to Expand 60-Minute Beauty Delivery Across More Indian Cities

TAGGED: Post Office Savings

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Previous Article These companies including BOB and TVS Electronics can release first quarter results today
Next Article SBI WeCare vs SBI Amrit Kalash, which is a profitable deal for FD investors
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Happen Recently
Follow US

© 2023 Happen Recently. All Rights Reserved.

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?