Actually, the biggest thing about these schemes started from the government is that they have government guarantee. In which there is absolutely no risk of your money being drowned.
Best Money Saving Schemes
In today’s era, everyone has to save money, but due to the right strategy and risk, they are not able to earn the desired profits even if they want to. If there is something similar with you too, there is no need to panic. We are going to tell you about 5 best government schemes. Where you will get profit as well as your money will be fully guaranteed.
In fact, there are many such schemes in the post office, about which the common people are not aware. Actually, the biggest thing about these schemes started from the government is that they have government guarantee. In which there is absolutely no risk of your money being drowned. Another specialty of these post office schemes is that they also get tax exemption.
National savings certificate
You can invest in the National Savings Letter of the Post Office for 5 years. Along with the security of money, here you also get tax exemption. This tax is available under 80C. At the same time, after rolling back the reduction in interest rates by the Finance Ministry, the interest rate is 6.8 percent. Will keep on getting Its interest is calculated on an annual basis. Investment can be started from National Savings Certificate i.e. at least Rs 1000 in National Savings Certificate and there is no maximum investment limit. This scheme is available only from the post office.
7.1 percent interest
Public Provident Fund is also a sure government way to save in terms of security and profit. It gets an interest of 7.1 percent. In this, a minimum of 500 rupees and maximum of 1.5 lakh rupees can be deposited in a financial year. You get the benefit of deduction by investing. Interest income and maturity income are completely tax free if you invest in PPF.
Benefits of Kisan Vikas Patra
This is a philanthropic scheme started by the government. 6.9 percent interest is available in this scheme. At least Rs 1000 can be invested in this scheme. Talking about tax rules, tax deduction does not benefit if you invest in it. It is not covered under section 80C. Talk about rules related to tax on earnings. Income with interest is taxed.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana can become a best option for you to secure the future of your daughters. Under Sukanya Samriddhi Yojana, a minimum amount of 250 rupees has to be deposited in the account every year. While its maximum limit is 1.5 lakh rupees. It also gives the benefit of tax reduction on investments up to Rs 1.5 under Section 80C of the Income Tax Act.
NPS is also a better option
NPS means National Pension System is a retirement plan. It has been started by the central government. Talking about tax exemption, you can also take advantage of exemption up to Rs 1.5 lakh under Section 80C of the Income Tax Act. There is a facility to invest in 6 different funds. You can also invest 500 rupees in NPS.
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