These schemes include Kisan Vikas Patra (KVP), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and Sukanya Samriddhi Yojana. If you are also planning to invest in any of these schemes, then first know how much interest is available on them.
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Sukanya Samriddhi Yojana
This scheme is only for daughters up to 10 years and is quite popular. New interest rates will be applicable from 1st April 2021 i.e. today. At present, it is getting 7.6 percent interest. In this scheme, a person can open an account for his two daughters. At the age of 21, daughters can withdraw money from this account. In this scheme, the amount will double in 9 years 4 months.
Public Provident Fund (PPF)
PPF is the most popular tax saving scheme. The investment made in it matures in 15 years. There is a lock-in period of 5 years in PPF investment. A minimum investment of up to Rs 500 can be made in this. At present, interest of 7.1 percent is being given in this.
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Senior Citizen Savings Scheme (SCSS)
People who are above 60 years of age can earn a regular income by investing up to Rs 15 lakh in their lifetime. Senior citizens husband and wife together can invest up to Rs 30 lakh in this scheme. It has a lockin of 5 years i.e. cannot withdraw money from it for 5 years. At present, 7.4 percent interest is being given on this.
Kisan Vikas Patra (KVP)
Account can be opened in Kisan Vikas Patra with minimum 1000 rupees. It is currently getting 6.9 percent annual interest. In Kisan Vikas Patra it is promised that your investment will double in 10 years 4 months.
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