Small Savings Schemes: There are many investors who do not want to invest in equity funds and avoid taking risks. They want such investments, which give a guaranteed return on time. For this, Post Office Scheme or Small Savings Scheme proves to be very useful. By investing in these schemes, not only can you raise money for a possible emergency, but you can also fulfill your target of saving. Not only this, under Section 80C of the Income Tax Act, 1961, investing in them also gives a tax benefit of up to Rs 1.5 lakh. Today in this news, we are going to tell you about some such small savings schemes, which give returns as well as profit to the investors. 

Post Office Savings Account

Under the Post Office Savings Account, interest is given at the rate of 4 percent and the minimum amount for opening an account is Rs 500.

National Savings Time Deposit

There is no maximum investment limit in the National Savings Term Deposit Scheme. You can deposit money in multiples of Rs 100 or Rs 1,000. It offers interest at the rate of 6.9 percent on deposits for one year, 7 percent on deposits for two years, 7.1 percent on deposits for three years and 7.5 percent on deposits for five years. 

National Savings Recurring Deposit Amount

You can apply for this tax saving investment by visiting any post office. It can be started with Rs 100, while there is no upper limit on maximum investment. It is also getting 6.7 percent interest from January 1.

National Savings Monthly Income Account

In this too, money can be deposited in the account in multiples of Rs 1000, on which 7.4 percent interest is received annually. In this, the maximum investment amount in a single account is Rs 9 lakh, while the maximum investment limit in a joint account is Rs 15 lakh.

Public Provident Fund

Investors who open an account in this scheme get interest at the rate of 7.1 percent per annum. You can open an account with a minimum of Rs 500, while the maximum amount of investment in a financial year is Rs 1.5 lakh.

Senior Citizen Savings Scheme Account

In this scheme designed for long term investment in old age, interest will be payable for the first time on 31st March/30th September/31st December from the date of deposit and thereafter interest will be payable on 1st April, 1st July, 1st October and 1st January. In this too, investment can be made from Rs 1,000, while up to Rs 30 lakh can be deposited in this scheme in multiples of 1,000. 

Sukanya Samriddhi Account

Under this scheme, you can start saving with Rs 250. Under the scheme, you get 8.2 percent interest on the deposited amount. You can deposit up to Rs 1.5 lakh in a year.

Kisan Vikas Patra (KVP)

Under this scheme, you can open an account with Rs 1000, while there is no upper limit for investment. It gives 7.5 percent interest annually.

National Savings Certificate

National Savings Certificate gives 7.7 percent interest per annum. The minimum limit for investment in this is Rs 1000, while no maximum limit has been fixed.