Post Office Scheme: Great schemes of Post Office in which you can start investing even with Rs 100, 500 and 1000.

It is just not essential to start with a big quantity for funding. There are many such schemes in the submit workplace in which funding can be began with simply Rs 100, 500 and even Rs 1000. Know about these schemes right here.

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Post Office RD

Post Office RD is sort of a piggy financial institution. In this, a hard and fast quantity needs to be deposited each month for five consecutive years. On maturity, the quantity is returned alongside with curiosity. At current, curiosity is being given on it on the charge of 6.7%. Any particular person can start investing in this scheme with even Rs 100.

Post Office Time Deposit

The mounted deposit scheme run in submit workplace is named Post Office Time Deposit. In this, lump sum quantity can be deposited for 1, 2, 3 and 5 years. The rate of interest varies in response to the tenure. Interest is offered at 6.9% for one yr, 7% for 2 years, 7.1% for 3 years and 7.5% for five years. A minimal deposit of Rs 1000 can even be made in this.

Post Office MIS

Investment in Post Office MIS can even be began with a minimal of Rs 1000. The most funding is Rs 9 lakh in single account and Rs 15 lakh in joint account. In this scheme which earns cash by curiosity each month, curiosity is given on the charge of 7.4%. Your cash is deposited for five years and after that the unique quantity is returned.

PPF

Public Provident Fund is a scheme which needs to be run for 15 years. A minimal funding of Rs 500 can be made yearly and the utmost funding is Rs 1.5 lakh yearly. In this scheme, curiosity is given on the charge of 7.1%.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme can be a one time deposit scheme. Investment in this scheme can be began with a minimal of Rs 1000. Maximum funding can be made as much as Rs 30 lakh. The authorities provides curiosity on the charge of 8.2% on this 5-year deposit scheme being run for senior residents. This scheme is excellent for retired folks.

NSC

Any Indian citizen can start investing in National Savings Certificate with simply Rs 1000. There is not any restrict on most funding. At current, curiosity is being given on this scheme on the charge of 7.7%. In this scheme additionally, you can take benefit of higher rates of interest by depositing the quantity for five years.

Mutual Funds: SIP will give enormous income, however perceive these 4 issues fastidiously earlier than investing.

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