Post Office Schemes / These 5 government schemes are Kuber's treasure, you get tax free returns

Post Office Schemes: There are many types of schemes available in the market for investment today. Some schemes can give fast returns, but they also have high risk. A little upheaval in the market can change the direction of investment and can also put capital at risk. In such a situation, if you are looking for an option where returns are assured and risk is negligible, then post office schemes can prove to be the best option for you.

In these schemes run by the government, investors not only get stable returns, but also get the benefit of tax savings. Let us know about the 3 major schemes of the post office, which also give fixed returns with low risk.

1. Sukanya Samriddhi Yojana (SSY)

To secure the future of daughters, the central government has started Sukanya Samriddhi Yojana. This scheme not only provides financial support for the education and marriage of daughters, but it is also very beneficial in terms of investment.

• Investment limit: Minimum ₹250 and maximum ₹1.5 lakh per annum
• Interest rate: Around 8.20% (as revised by the government from time to time)
• Benefits: Tax exemption under section 80C, entire amount tax-free on maturity
• Features: Account can be opened only in the name of daughter, matures when daughter turns 21

2. Public Provident Fund (PPF)

PPF is a classic long-term investment scheme, which has remained the first choice of investors for years. This scheme is especially for those who want to save with risk-free, tax saving and compounding returns.

• Investment range: Minimum ₹500 per annum and maximum ₹1.5 lakh
• Interest rate: Around 7.10%
• Benefits: Tax exemption under section 80C, interest and maturity amount completely tax free
• Features: Lock-in period of 15 years, which can be extended

3. National Savings Certificate (NSC)

NSC is an ideal option for investors who want to save tax along with fixed returns. It is a low risk, guaranteed return scheme run by the post office.

• Investment range: Minimum ₹1,000, no maximum limit
• Interest rate: Around 7.70%
• Benefits: Tax exemption under section 80C
• Features: Lock-in period of 5 years, interest and principal paid at the time of maturity