Outlook Money
Post office schemes cater to all purposes, from pre- and post-retirement needs and portfolio diversification to financial security and tax benefits.
Post office schemes offer guaranteed returns, ensuring against market volatility.
Its Senior Citizen Savings Scheme offers 8.2% with a 5-year maturity; the minimum deposit is Rs 1,000 and maximum is Rs 30 lakh.
Sukanya Samriddhi Yojana offers 8.2% interest, with a maturity of 21 years. The minimum deposit amount is Rs 250, with no upper limit.
This savings instrument offers 7.7% with a five-year maturity. Its minimum deposit is Rs 1,000, with no maximum limit.
It is a short-term investment scheme offering 7.5% interest. Anyone over 18 can open the account with a minimum deposit of Rs 1,000.
PPF offers 7.1 per cent interest with tax exemptions on investments up to 1.5 lakh in a financial year, with a lock-in period of 15 years.
Compiled By Himani Verma