Discover the prime opportunities offered by the Government of India for your investments. These schemes provide financial security and growth potentia lIf you’re looking to invest in Indian government schemes, this guide is for you. Here are key schemes to consider:
If you’re considering investing in Indian government schemes, get the scoop on top options like National Savings Scheme, Sukanya Samriddhi Account, Kisan Vikas Patra, Post Office Savings Account, and Provident Fund Scheme.
These government-backed savings plans offer attractive returns upon maturity, and you don’t need a hefty initial investment.”
National Savings Scheme
Interest Rate: 7.4% (July – September 2023)
Invest in multiples of Rs 1000.
Maximum investment: Rs 9 lakh (individual), Rs 15 lakh (joint).
Maturity: 5 years.
Multiple accounts allowed.
Closure after 1 year.
Sukanya Samriddhi Account
Interest Rate: 8%
Minimum deposit: Rs 250/year, maximum: Rs 1.5 lakh/year.
Account for girls up to 10 years.
One account per holder.
Maturity: 21 years.
Premature closure after girl’s marriage at 18.
Kisan Vikas Patra
Interest Rate: 7.5%
Start with Rs 1000, then in multiples of Rs 100.
No maximum limit.
Account opens from age 10.
Money doubles on maturity.
Maturity: 115 months.
Post Office Saving Account
Interest Rate: 4%
Minimum deposit: Rs 500.
No maximum limit.
Single/joint account option.
Account opens from age 10.
Public Provident Fund Scheme
Interest Rate: 7.1%
Minimum deposit: Rs 500/year, maximum: Rs 1,50,000/year.
Partial withdrawal from 7th year.
Maturity: 15 years.
Tax deduction under section 80-C.
Make informed choices and secure your financial future with these diverse investment avenues.
