Post Office Schemes:
Diwali is a festival that symbolizes prosperity, wealth, and new beginnings. It is a time when people pray for Goddess Lakshmi’s blessings to bring success and fortune into their homes. Many also look for ways to make smart financial choices during this festive season. One of the safest options for investment in India continues to be the Post Office Schemes. These government-backed plans are designed to offer steady income, safety, and long-term benefits. Let’s look at five of the best post office investment options you can consider this Diwali.
If you want a steady and fixed monthly income, this scheme is a great choice. It offers 7.4% annual interest, which is paid every month directly into your account. You can invest up to ₹9 lakh in a single account and ₹15 lakh in a joint account. It’s ideal for retired people or anyone who prefers regular returns rather than waiting for maturity.
The Public Provident Fund is one of the most trusted long-term investment options in India. It currently offers 7.10% annual interest. You can invest a minimum of ₹500 and a maximum of ₹1.5 lakh per year. The lock-in period is 15 years, but it can be extended. PPF also provides tax exemption under Section 80C, making it a smart and secure option for those planning for their future.
This scheme is designed to support the education and marriage expenses of a girl child. It offers an 8.2% annual interest rate, one of the highest among all savings schemes. Parents or guardians can invest between ₹250 and ₹1.5 lakh per year. Apart from financial security, it also provides tax benefits. It’s an excellent choice for parents who want to ensure a bright future for their daughters.
Similar to a fixed deposit, the Post Office Time Deposit lets you invest your money for 1, 2, 3, or 5 years. The interest rates vary — 6.9% for one year, 7% for two to three years, and 7.5% for five years. You can start investing with just ₹1,000. Deposits with a 5-year tenure also qualify for tax deductions under Section 80C. This scheme suits both short-term and medium-term investors.
The NSC is a reliable fixed-income investment that comes with government assurance. It offers 7.7% annual interest and has a 5-year maturity period. You can start investing with as little as ₹1,000. It’s a good option for those seeking guaranteed returns without market risks. The investment also qualifies for tax benefits under Section 80C.
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