Investment Tips: These guaranteed return schemes offer high interest rates; can help you get significant returns in 5 years

Post office Investment Tips: If you are one of those people who instead of investing in market-linked schemes, prefer to invest in investment options with guaranteed returns, we will tell you about Post Office schemes where your money is safe. Know about Post Office schemes which can help you get good returns in just 5 years.

Senior Citizen Savings Scheme i.e. SCSS (Senior Citizen Savings Scheme) is an excellent scheme for senior citizens who want guaranteed returns. A minimum of Rs 1000 and a maximum of Rs 30 lakh can be invested in this. Photo: File/Representational

Post office Investment Tips: In today's time, people have market-linked investment options like mutual fund investment through SIP, which have been offering good returns. But still, there are many people who like to invest in schemes where they can get guaranteed returns. They don't want to take risk and want safe investment options.

If you are also looking for such investment options, in this write-up, here we tell you about those post office schemes which can give you good returns in just 5 years-

Post Office Time Deposit

Post office time deposit is a great option for investment.

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It is also called post office FD.

You get the option of FD for 1, 2, 3 and 5 years in the post office, but you get the highest profit on FD of 5 years.

At present, you can get interest at the rate of 7.5 per cent on the 5-year FD.

Apart from this, tax benefits are also available in the 5-year FD.

Therefore, it is also called tax saving FD.

National Savings Certificate

National Savings Certificate (NSC) is also a better option for those looking for safe and guaranteed returns.

A minimum investment of Rs 1000 can be made in this post office scheme.

It matures in 5 years. At present, the interest ratre for the scheme is 7.7 per cent.

In this, interest is deposited on an annual basis, but it is paid only at the time of maturity.

In this, income tax exemption up to a maximum of Rs 1.5 lakh is available under Section 80 of the Income Tax Act.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme i.e. SCSS (Senior Citizen Savings Scheme) is an excellent scheme for senior citizens who want guaranteed returns.

A minimum of Rs 1000 and a maximum of Rs 30 lakh can be invested in this.

This scheme also matures after 5 years.

At present, interest is being given on it at the rate of 8.2 per cent.

Interest is given on the deposited amount on a quarterly basis.

Apart from this, tax benefits are also available in Senior Citizen Savings Scheme. Any person whose age is 60 years or more can invest in this scheme.

Apart from this, people in the age group of 55-60 years who have taken VRS and retired defence personnel, whose age is minimum 60 years, can invest in this scheme.

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