Post Office: Employed women of the country are looking for such investment options which can give them higher returns. Also, their money should be safe and help them become rich in less time. Here we are telling women about such post office schemes, which are safe and are also giving good interest.
Post Office: Employed women of the country are looking for such investment options which can give them higher returns. Also, their money should be safe and help them become rich in less time. Here we are telling women about such post office schemes, which are safe and are also giving good interest.
The special thing is that these schemes are run by the Indian Government. There are many such post office schemes in which women can also save tax. In these post office schemes, you can get exemption under 80C on investment up to Rs 1.50 lakh.
Women can invest in Public Provident Fund (PPF)
Public Provident Fund (PPF) account is a long term plan. The maturity period in PPF is 15 years. There is exemption on this under 80C. In this, you can invest a maximum of Rs 1.50 lakh in a financial year. The annual interest on PPF is 7.1 percent.
Sukanya Samriddhi Yojana (SSY)
By the way, this scheme is for girl child. Women can avail the benefits of Sukanya Samriddhi Yojana scheme by opening an account in the name of their daughter below 10 years of age. The girl becomes the owner of the account when she turns 18 or becomes an adult.
The current interest rate offered on Sukanya Samriddhi Account is 7.6 percent. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this account in a financial year. Sukanya Samriddhi Yojana comes under the category of tax exemption under Section 80C of the Income Tax Act.
Women can invest in National Savings Certificate (NSC)
You can invest in NSC scheme with a minimum of Rs 1,000 and in multiples of Rs 100 thereafter. There is no upper limit. The maturity of NSC scheme is 5 years. Interest is available on this at the rate of 7 percent. There is exemption on this under 80C.
Post office time deposit is the best investment option for women
Women can also invest in post office time deposits. You can invest up to Rs 1.50 lakh in this. Tax exemption under 80C is available on deposits of 5 years. You will get 7 percent interest on 5 year deposit.
women saving certificate
Investment in Mahila Samman Savings Certificate Scheme can be made for 2 years. This scheme is open for investment till March 2025 i.e. for a period of two years. Under this scheme, an investment of Rs 2 lakh can be made in the name of women or girls. In this, fixed interest of 7.5 percent is available every year. 40 percent of the money can be withdrawn after 1 year of account opening.
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