Good returns can be obtained from this account.
Post Office Saving Schemes: There are many such schemes of Post Office in which customers get a great earning opportunity. These schemes have a lot of advantages in terms of small savings. With this, income tax is also exempted for investing in these schemes.
The scheme offers 4 percent interest. In such a situation, it may take a long time for your money to double. Overall, your money can be doubled in about 18 years. Senior Citizen Saving Account (SCSS) This post office senior citizen saving scheme is currently receiving interest at the rate of 7.4 percent. The interest paid on this is credited in the account on a quarter to quarter basis. The special thing of this scheme is that it also provides tax exemption facility under Section 80C of the Income Tax Act. By investing in it, your money will double in about 10 years. Also read- Customers of SBI, PNB and ICICI must pay attention .. Do not forget this mistake, or else all the money will be withdrawn from the account. Post Office Sukanya Samridhi Yojana At present the Sukanya Samriddhi scheme of the post office is getting interest at the rate of 7.6 percent. In this scheme being run for girls, it may take about 10 years to double the money.