Want to invest in post office schemes in 2019, know how and how much profit will get
Post office savings have always been a great option for people. It is because of good interest in them, as well as the money deposited in the post office is fully secured.
If a bank default or bankrupt, then only 1 lakh rupees is safeguarded, no matter how much deposits it may be. At the same post office, you have a safe deposit.
Even if you want to invest in post office schemes in 2019, you will get good interest, as well as some schemes will be exempt from tax.
Let’s say the interest rates on the post office schemes, the minimum account for account opening,
|Scheme||Annual interest||To open anaccount Minimum amount||Maximem Balance /Deposit limit||Section 80C|
|RD||7.3%||10 rupees||No limit||Not applicable|
|Time Deposit (TD)||6.9% to 7.8% on different maturities||200 rupees||No limit||Applied to 5 years TD|
|MIS||7.3%||In multiples of Rs 1500||4.5 lakh for single account and 9 lakh for Joint||Not applicable|
|Senior Citizen Savings Scheme||8.7%||Only 1 deposit in multiple of 1000 rupees||15 lakhs||Applyable|
|PPF||8%||Rs 100||Maximem deposit up to Rs 1.5 lakh in one FY (Rs 500 minimum)||Applyable|
|NSC||8%||Rs 100||No limit||Applyable|
|KVP||7.7%||1000 rupees||No limit||Not applicable|
|Sukanya prosperity scheme||8.5%||____||Maximem deposit 1.5 lakh (minimum Rs.1000) in an FY||Applyable|