SMART INVESTING

 10 BEST POST OFFICE SCHEMES EVERY INVESTOR SHOULD KNOW ABOUT

Published By Moushumi Mahanta | 12 Jul, 2024

Post Office Savings Account

This account can be opened with a minimum deposit of <span class='webrupee'>₹</span>500 and has no maximum limit. Interest is calculated based on the minimum balance from the 10th to the end of the month.

Credit : UNSPLASH

National Savings Recurring Deposit Account

The National Savings Recurring Deposit account can be opened with a minimum investment of <span class='webrupee'>₹</span>100 or any amount in multiples of <span class='webrupee'>₹</span>10, with no maximum limit.

Credit : PIXABAY

National Savings Time Deposit Account

The National Savings Time Deposit Account is available for 1, 2, 3, or 5 years. It requires a minimum deposit of <span class='webrupee'>₹</span>1,000 (in multiples of <span class='webrupee'>₹</span>100) and has no maximum limit.

Credit : PIXABAY

National Savings Monthly Income Account

The National Savings Monthly Income Account requires a minimum investment of <span class='webrupee'>₹</span>1,000, with a maximum limit of <span class='webrupee'>₹</span>9 lakh for single accounts and <span class='webrupee'>₹</span>15 lakh for joint accounts.

Credit : PIXABAY

Senior Citizens Savings Scheme Account

Only one deposit is allowed in the account, in multiples of <span class='webrupee'>₹</span>1,000, with a maximum limit of <span class='webrupee'>₹</span>30 lakh.

Credit : PEXELS

Public Provident Fund Account

The minimum investment in a PPF account is <span class='webrupee'>₹</span>500, while the maximum is <span class='webrupee'>₹</span>1,50,000 per financial year. Deposits can be made as a lump sum or in instalments.

Credit : PIXABAY

Sukanya Samriddhi Account

The minimum deposit is <span class='webrupee'>₹</span>250, with a maximum of <span class='webrupee'>₹</span>1.5 lakh per financial year; subsequent deposits can be made in multiples of <span class='webrupee'>₹</span>50, and there is no limit on the number of deposits made monthly or annually.

Credit : PEXELS

National Savings Certificate

The minimum investment in an NSC is <span class='webrupee'>₹</span>1,000, with subsequent amounts in multiples of <span class='webrupee'>₹</span>100, and there is no maximum limit.

Credit : PIXABAY

Kisan Vikas Patra

A minimum investment of <span class='webrupee'>₹</span>1,000 is required, with additional amounts in multiples of <span class='webrupee'>₹</span>100, and there is no maximum limit.

Credit : PIXABAY

Mahila Samman Savings Certificate

A minimum investment of <span class='webrupee'>₹</span>1,000 can be made in the Mahila Samman Savings Certificate, in multiples of <span class='webrupee'>₹</span>100, with a maximum limit of <span class='webrupee'>₹</span>2 lakh per account.

Credit : PIXABAY

CLICK FOR MORE VISUAL STORIES