India’s middle class relies heavily on post-vacancy schemes for vacancies. So here we are making better about the design scheme of post office items, a lighter than 6.5% is a good thing and it also increases the FD of many banks.
The most popular National Savings Certificate (NSC) in the Post Office Savings Scheme. It is a type of bond with a national acceptance of 6.8% at Kehwal, but is requested only after the maturity of the bond. One can invest in NSC with an initial loan of only Rs.1,000. Its maturity is 5 years. But if you look at it in terms of 72, there is 10.7 years of money doubling for companies investing in NSC.
Also read: State Bank Offer Media Fixed Deposit and Post Office Fixed Deposit Board What is your preferred option? Accuracy a.
Also read: Bank of Baroda account holders know, will you know? New rates for BoBA announcements
To the Chief Minister, Post Kisan Vikas (KVP) is an office letter tool of savings among middle class people. Usually people buy it to double it. It offers a 6.9% annual compounding policy. This way the amount of expenses is paid 10.4 paise. One can invest in KVP with a minimum of Rs. 1,000.
3) Post Office National Savings Monthly Income Scheme (MIS) also runs. The customer gets 6.6% of the votes on it annually, but is credited to you on a monthly basis in his account. The investment in this scheme is Rs. Starting from Rs. 4.5 lakh and Rs. 9 lakh.
4) The Post Office operates a separate savings scheme SCSS for senior citizens. This includes discretionary entitlement financial 7.4% clarity and is requested on a question basis. 60 can invest a lot more money for anyone and the hyper limit of this amount is 15 lakh crores.
5-6) These people can also avail the facility of investing in Sukanya Account and Public Provident Fund (PPF) from Post Office. It gives you 7.6% and 7.1% respectively. The government changes periodically for PPF accounts. The government may also change the rules on other savings schemes.
If you deal with most bank FDs on post office savings plans, support on bank FDs is in the range of 2.5% to 5.5%. The highest is 5.75% by Axis Bank. While for senior citizens the hyper on banks FD is 6.5%. While at the post office it is over 7%.