If you are planning to invest your savings money in a bank's fixed deposit scheme. In such a situation, instead of investing money in the bank's FD scheme, you should invest it elsewhere where you can get better returns compared to FD. Most people in the country prefer to invest their savings money in safe investment schemes, where there is no risk of market risks on their money. In this episode, today we are going to tell you about some such selected government schemes, where you can invest your savings money. By investing in these schemes, you are getting a higher interest rate than FD. Many people in the country are investing their savings in these government schemes. Let's know about them in detail -
National saving certificate scheme
At present, you are getting an interest rate of 7.7 percent on investing in the National Saving Certificate Scheme. The special thing about this scheme is that you can start investing from just 100 rupees in it.
If we talk about the maximum investment amount, then it has not been decided yet. This scheme has compounded on an annual basis. The maturity period of the scheme is five years. On investing in this, you also get tax exemption under Section 80C of Income Tax.
Sukanya Samriddhi Yojana
At present, you are getting an interest rate of 8 percent on investing in Sukanya Samriddhi Yojana. This scheme is specially designed to secure the future of daughters. The special thing about this scheme is that you can open an account with just 250 rupees in it. The maturity period of this scheme is for 21 years. However, parents have to invest for a total of 15 years in the name of their daughter. At the same time, the daughter's account remains operational without investment in Sukanya Samriddhi Yojana for 6 years.
Senior civil savings scheme
This scheme has been started especially for senior citizens. In this scheme, you can invest the money you received at the time of retirement. At present, investing in this scheme is getting an interest rate of 8.20 percent.
(PC: iStock)
