The Post Office consistently introduces diverse schemes catering to various segments of our population, including women.
Here are five such post office schemes designed to offer women both tax exemptions and lucrative returns on their investments.
Public Provident Fund (PPF)
Securing Women’s Futures
The PPF is a long-term savings scheme that empowers women to invest wisely. The government presently offers an attractive interest rate of 7.1% on deposits.
Women can invest a maximum of Rs 1.5 lakh annually, and they also qualify for a tax rebate of Rs 1.5 lakh under Section 80C of Income Tax.
Sukanya Samriddhi Yojana
Dedicated to Girls’ Prosperity
Specifically crafted for girls, this post office scheme allows the opening of accounts for girls up to 10 years of age.
With an investment range of Rs 250 to Rs 1.5 lakh, the government provides an enticing 8% interest rate on deposits.
Mahila Samman Bachat Yojana
Empowering Women’s Finances
Launched by the government, this scheme is tailored to suit the financial needs of women.
Women can invest up to Rs 2 lakh and earn an impressive 7.5% interest on their deposited amount. The scheme has a two-year tenure.
National Savings Certificate (NSC)
A Solid Investment Option
NSC offers women the opportunity to invest starting from just Rs 1000. The scheme offers an attractive interest rate of 7.7%. The total duration of this scheme is 5 years.
Post Office Time Deposit Scheme
Investing Smartly for Women
In this scheme, women can deposit a fixed monthly amount. The post office provides an appealing 7.5% interest rate on a 5-year tenure, making it a reliable investment option.
These post office schemes not only enable women to build a secure financial future but also provide tax benefits, making them a prudent choice for investment.
