Post Office Scheme: In today’s world, everyone is searching for risk-free investment options. Are you also interested in earning returns without taking any risks? Well, there is a scheme worth considering. Nowadays, people are investing their money in various schemes based on their preferences.
If you want to invest smartly, you can consider investing in small saving schemes. By putting your money into these schemes, you can achieve similar returns. There are different schemes available at banks and post offices where you can invest your money and accumulate a substantial amount in the long run. However, let’s focus on a scheme that offers high interest rates among these options. The Sukanya Samriddhi Yojana scheme can be opened at post offices or banks.
This scheme provides numerous benefits, including attractive returns and potential tax benefits. It is specifically designed for girls below the age of ten. You can open a Sukanya Samriddhi account in the name of up to two girls, and the minimum investment required to join this scheme is Rs. 250.
Furthermore, this scheme offers one of the highest interest rates, second only to the Senior Citizens Savings Scheme. You can also avail tax benefits of up to Rs. 1.5 lakhs per year. It provides guaranteed returns without any risks involved. The maturity period of this scheme is 21 years, and you must invest in it for a minimum of 15 years.
You can invest a maximum of Rs. 1.5 lakhs in a year. If you save Rs. 50 per day or Rs. 1500 per month, you will accumulate over Rs. 8 lakhs at the time of maturity. Similarly, if you save Rs. 100 per day, which amounts to Rs. 3000 per month, you will accumulate around Rs. 16 lakhs upon maturity.
