Most of us want to invest our savings in a safe place where we are not exposed to any kind of market risk. However, many people invest their savings in the stock market or in any mutual fund scheme to get good returns. The thing to note is that there is a risk of money sinking in these areas of investment. This is one of the major reasons why most people invest their savings in FD schemes of banks. In this connection, today we are going to tell you about some great government savings schemes, where you are getting more returns than FD. Not only this, but you also get many great benefits by investing in these government savings schemes. Let us know about them in detail -
PPF
By investing in this scheme, you are getting an interest rate of 7.1 percent. You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh in this scheme. This is a small savings scheme.
Monthly income scheme
In this scheme, you are getting an interest rate of 7.4 percent. The most special thing about this scheme is that you are paid an interest rate on a monthly basis. In this, you can open your account both single and joint.
You can also open your account by investing Rs 1,000 in the Post Office Monthly Income Scheme. You can invest a maximum of Rs 9 lakh in a single account. You can invest a maximum of Rs 15 lakh in a joint account.
Kisan Vikas Patra Yojana
By investing in this scheme, you are getting an interest rate of 7.5 percent. In this, you can invest a minimum of Rs 1 thousand. The limit of the maximum investment amount has not been fixed.
(PC: iStock)
