Post Office Schemes: Amazing schemes in the post office .. Low investment in any scheme .. High return .. Find out about

Post Office Schmes: Saving money is good for anyone in the future. Such a long-term savings can lead to a financial security after retirement or at an unaffordable age. Some savings plans are available at the post office. Let us know about them here. 

Ahead is everyone's favorite post office savings account. This account can be opened for just Rs. The minimum storage should be Rs.500. It has check books and draw options. After this most people prefer post office recurring deposit. A minimum balance of Rs. 10 is sufficient. The account can be opened with cash or check. These accounts currently offer interest rates of up to 6.9%. 

Another scheme is Post Office Recurring Deposit. The minimum term is 5 years. There is no maximum limit for savings in Post Office RD. The Post Office Time Deposit is useful for saving up to a few years. You can start a post office time deposit with a minimum of Rs.100. There are two year, three year and 5 year deposits starting from one year.  

 

The Senior Citizen Savings Scheme is available to those over 60 years of age. The maturity period of the scheme is 5 years. The scheme can be started with as little as Rs 1000. Investment in this scheme can be transferred from one post office to another. Payment is made in April, July, October and January with quarterly interest calculation. There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 lakh.

Another scheme can be started in Kisan Vikas Patra (KVP) with a minimum of Rs.1000. The investment will double in 124 months. No matter how much money we invest, all the money will double in this scheme. KVP can be purchased at any post office.

This type of account can be opened in National Savings Certificates (NSC) with a minimum amount of Rs.1000. There is no maximum limit for this investment of Rs.1000 crore. 6.8 per cent compounded interest is calculated annually and paid at maturity. You can invest in this scheme while doing the job. 

A certain amount can be withdrawn after retirement. The rest comes in the form of a total pension. Up to Rs 1.5 lakh is tax deductible under Section 80C. An additional investment of up to Rs 50,000 is tax deductible under Section 80CCD.  

Post Office Monthly Income Plans. As part of this, the scheme is useful for those who want regular income. Under this scheme, a maximum of Rs. Up to Rs 4.5 lakh can be invested. Those who invest in these will be paid a monthly interest for five years. It is possible to invest up to Rs.1500.

The Public Provident Fund (PPF) scheme can also be withdrawn from a bank account. When it comes to the post office, it offers about 7.1 percent interest. It pays more interest than a post office time deposit. The lock-in period is at least 15 years before the PPF opens