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- Post Office Savings Scheme ; Invest In PPF, NSC And KVP Of Post Office For More Interest Than Fixed Deposit, Know The Special Things Related To Them
New Delhi34 minutes ago
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The post office runs many such schemes in which you get more interest than fixed deposits. Public Provident Fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are among these schemes. Your money is also safe and you also get better interest. Today we are telling you about these schemes through graphics.
Click here for more information related to PPF
Click here for more information related to NSC
Click here for more information related to KVP
Where is the right place to invest?
It will be completely safe to invest in all three places. If we talk about interest, then PPF is getting more interest than both the other schemes, but it has a lock-in of 15 years. There is a lock-in of 5 years in NSC and 2.5 years in Kisan Vikas Patra.
PPF comes under the EEE category of income tax. This means that income from returns, maturity amount and interest are exempted from income tax. At the same time, under 80C in the NSC scheme, the benefit of tax exemption can be taken on investment up to Rs 1.5 lakh. Whereas you will not get any tax exemption in Kisan Vikas Patra. In such a situation, if you can invest for 15 years and want the benefit of income tax, then PPF will be a better option. On the other hand, if you cannot invest for 15 years, then you can choose any of the other two schemes according to your own.
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