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Best Post Office Schemes for Women
Post Office Schemes for Women
The Indian Post Office offers a variety of savings schemes tailored to meet the investment needs of women. These schemes not only provide good returns but also ensure the safety of the invested money. Here are five of the best investment options available through the Post Office that are particularly beneficial for women:
Public Provident Fund (PPF)
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- The PPF is a long-term savings scheme that allows women to secure their financial future. Currently, it offers an interest rate of 7.1%. If you invest ₹1 lakh annually for 15 years, the maturity amount can reach approximately ₹31 lakh
Sukanya Samriddhi Yojana
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- This scheme is specifically designed for the benefit of girl children. Parents can open an account in the name of a girl child up to 10 years old, with a minimum investment of ₹250 and a maximum of ₹1.5 lakh per year. The interest rate for this scheme is 8.2%.
National Savings Certificate (NSC)
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- The NSC is another excellent investment option, allowing investments starting from ₹1,000. It offers an interest rate of 7.7% and has a maturity period of 5 years.
Post Office Time Deposit Scheme
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- This scheme allows women to deposit a fixed amount monthly, with an interest rate of 7.5% for a tenure of 5 years. It is a straightforward way to save regularly while earning decent returns.
Mahila Samman Bachat Yojana
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- Launched specifically for women, this scheme allows investments up to ₹2 lakh with an interest rate of 7.5%. The total tenure for this scheme is 2 years, making it a short-term investment option.
Conclusion
These schemes not only provide attractive returns but also come with tax benefits under Section 80C, allowing women to save on taxes while securing their financial future. By choosing the right scheme, women can effectively manage their finances and achieve their savings goals.
