If you are planning to invest your savings in a bank’s fixed deposit scheme. In such a situation, instead of keeping money in the bank’s FD scheme, you should invest elsewhere where you can get better returns from FD. Most people in the country prefer to invest their savings in safe investment schemes, where their money is not exposed to any market risk. In this episode, today we are going to tell you about some selected government schemes, where you can invest your savings. By investing in these schemes, you get a higher interest rate than FD. Many people in the country are investing their savings in these schemes of the government. Let us know about them in detail –
National savings certificate scheme
At present, you get an interest rate of 7.7 percent on investing in the National Saving Certificate Scheme. The special thing about this scheme is that you can start investing in it from just 100 rupees. If you talk about the maximum investment amount, it has not been decided yet. Annual compounding is done in this scheme. The maturity period of the plan is five years. On investing in this, you also get tax exemption under Section 80C of Income Tax.
Sukanya Samriddhi Yojana
At present, you get interest at the rate of 8 percent on investment in Sukanya Samriddhi Yojana. The scheme is specially designed to secure the future of girls. The special thing about this scheme is that you can open an account for just Rs 250. The maturity period of this scheme is 21 years. However, parents will have to invest for a total of 15 years in the name of daughter. At the same time, the daughter’s account remains operational for 6 years without investing in Sukanya Samriddhi Yojana.