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News India Live, Digital Desk: Whenever we Indians talk about investment, the first thing that comes to our mind is Bank FD (Fixed Deposit)We think that the money is safe in the bank and we will also get some interest, But do you know that in this era of inflation, FD interest may not be able to increase your savings as much as you want?

If you also do not want to take risk and want more returns from the bank with Sovereign Guarantee, then you should leave the bank and go to your nearest bank. Post Office Should turn to. There are some schemes in the post office which not only give higher interest than FD, but you also get huge tax exemption on them.

Today we are telling you about 3 such great schemes of the post office, which give guaranteed returns.

1. Sukanya Samriddhi Yojana (SSY – Gift for Daughters)
If you have a little girl (daughter) below 10 years of age in your house, then this scheme is icing on the cake for you. At present, the highest interest is available on this among all the post office schemes (currently around 8.2%).

• Benefit: By saving a little money every year, you can prepare a fund worth lakhs for your daughter’s education and marriage.
• Tax Exemption: In this, tax is also saved under section 80C and there is no tax on the returns received. This is a much better option than FD.

2. Public Provident Fund (PPF – Scheme for Making Crorepatis)
If you want to bet on a horse in a long race, then nothing is better than PPF. This scheme makes you disciplined and gives a huge amount in 15 years.

• Interest: It offers a strong interest of around 7.1%, which is combined with compounding. That means interest on interest!
• Security: Even the court cannot confiscate the money deposited in it. It is completely safe and also has the benefit of EEE (investment, interest and maturity, all three are tax free).

3. National Savings Certificate (NSC – 5 years lock-in)
If you are thinking of getting a 5 year tax saving FD, then wait! See NSC of Post Office.

• Better Returns: It often offers better interest rates than normal FDs (currently around 7.7%).
• tax benefit: Investing in this also gives exemption under Section 80C of Income Tax. There is no risk in this and the money grows only in 5 years.

Bonus Tip for Senior Citizens:
If there are elders in your house, then for them SCSS (Senior Citizen Savings Scheme) It is much better than FD, because the interest rate in it is up to 8.2% and there is income every quarter.

Our Opinion (Conclusion)

Friends, it is very important to invest your hard earned money in the right place. Bank security is good, but these post office schemes come with ‘Government of India’ guarantee. If you want to save tax and see your money growing without any fear, then definitely visit the post office once. Don’t wait for FD to be renewed, be a smart investor!