Post Office Schemes with High Returns: If you are looking for a means of investment where your money remains safe and you get good interest on it, then some post office schemes can be useful for you. There are many 5 year schemes which offer more than 7 percent interest. Know about these schemes here-
post office FD
Like banks, post offices also have many types of FD options for different tenures. But if you want to get good interest then you can invest in 5 year FD. At present, interest is being given on this FD at the rate of 7.5 percent.
National Savings Certificate
In this scheme also known as NSC, money is deposited for 5 years. At present interest is being given on it at the rate of 7.7 percent. You can start investing in it with Rs 1000. There is no limit on maximum investment.
Senior Citizen Savings Scheme
This scheme is run for senior citizens. In this also the amount is deposited for 5 years. At present the interest on this scheme is 8.2 percent. In such a situation, senior citizens can earn a good amount.
Post Office Monthly Savings Scheme
This scheme, known as Post Office MIS, is monthly income generating. In this, up to Rs 9 lakh can be deposited in a single account and up to Rs 15 lakh can be deposited in a joint account. Interest is given on deposits at the rate of 7.4 percent. Earning comes from this interest. By depositing Rs 15 lakh in a joint account, one can earn up to Rs 9,250 every month through this scheme.
