If you want to earn big money without any risk, then invest in these government schemes, check all the details
People put their money in various investment and savings schemes and earn money to get more out of it. The problem, however, is that these investment and savings schemes are subject to market risk. Today we will tell you where you can invest your money risk-free and where you are guaranteed to get the best returns.
Who does not like money, everyone is fond of having more money. People put in different investment schemes or savings schemes to make money from money so that they can earn more returns from there. But the trouble is that these investment and savings schemes are subject to market risks.
In this situation, everyone thinks of government savings and investment schemes. Today where you can invest your money without any risk, from where you are guaranteed to get more returns.
Today we are going to tell you about those government schemes where you can invest money without worry because its security is in the hands of the government.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India aimed at encouraging parents to save for the education and marriage expenses of their girls.
You can open a SYY account in any post office or authorized bank branch. The tenure of SYY is 21 years from the date of account opening. You are currently being given 8 percent interest by the government on this scheme.
Senior Citizen Savings Scheme (SCSS) is a financial savings scheme offered by the Government of India to provide regular income and financial security to senior citizens.
The tenure of SCSS is fixed for 5 years, which can be extended for an additional 3 years after maturity. TDS is levied if the interest exceeds Rs 50,000 per annum. You are currently being given 8.2 percent interest by the government on this scheme.
Public Provident Fund (PPF) is a popular long-term savings scheme in India. It is a government-backed investment option that provides a safe and reliable way for individuals to accumulate wealth for their future needs. You are currently being given 7.1 percent interest by the government on this scheme.
Mahila Samman Savings Certificate (MSSC) is a government-backed savings scheme for women in India. It was launched in April 2023 as part of the Union Budget 2023-24. The scheme offers a fixed interest rate of 7.5 percent per annum for a tenure of 2 years.
National Savings Monthly Income Scheme (MIS) is a pension scheme offered by the Government of India through the Department of Posts. It is designed to provide regular monthly income to individuals for their retirement years.
Post Office Savings Scheme refers to a series of savings schemes offered by the Indian Postal Service in collaboration with the Government of India. These schemes offer various options to individuals to deposit their savings and earn interest.
National Savings Time Deposit Scheme is a savings scheme offered by the Government of India through the Department of Posts. It is designed to provide a safe investment option for individuals who wish to earn assured returns on their savings over a specified period.
This scheme provides the benefit of Section 80-C interest deduction. The system offers 6.80 percent interest on deposits for 1 year, 6.90 percent for two years, 7 percent for 3 years, and 7.5 percent for 5 years.
National Savings Recurring Deposit Scheme is a government-backed savings scheme offered through the Department of Posts. It is a recurring deposit scheme that encourages individuals to save regularly and grow their savings over time.
This scheme allows you to deposit as little as Rs 100 per month. The repayment period of this scheme is five years. Those who invest their money in this scheme get the benefit of quarterly compound interest.
Kisan Vikas Patra is a popular investment option that allows individuals to invest a lump sum amount and earn fixed interest over a specified period.
The money deposited in it doubles after a period of time. This scheme is specially prepared for the farmers. However, anyone can open an account under this scheme. In this scheme, up to 7.5 percent interest is given annually under the postal rules.