1. Public Provident Fund (PPF):

This long-term scheme offers 7.1% interest per year. It has a 15-year lock-in period and provides tax benefits under Section 80C. It’s suitable for those looking for safe, steady returns and tax savings.

2. Sukanya Samriddhi Yojana (SSY):

Designed for the future of girl children, SSY offers 8.2% annual interest. Parents or guardians of girls below 10 years can open this account. It helps build funds for education and marriage, and offers Section 80C tax benefits.

3. Senior Citizens Savings Scheme (SCSS):

This scheme gives senior citizens 8.2% annual interest, paid quarterly. It’s ideal for retirees who want a steady income. The scheme also qualifies for tax deduction under Section 80C.

4. National Savings Certificate (NSC):

NSC provides 7.7% interest, paid at maturity after 5 years. It offers tax benefits under Section 80C and can be used as security to get loans.

5. Kisan Vikas Patra (KVP):

KVP offers 7.5% interest and doubles your investment in 115 months. It is a safe option for those wanting long-term growth and can be used as collateral for loans.

6. Time Deposit (TD):

Post Office Time Deposit is available for 1, 2, 3, or 5 years. Interest rates range from 6.9% to 7.5%. The 5-year TD gives tax benefits under Section 80C.

7. Recurring Deposit (RD):

This scheme helps you save small amounts regularly and offers 6.7% annual interest. It’s ideal for disciplined savers looking for steady returns.

8. Monthly Income Scheme (MIS):

MIS gives 7.4% interest per year, paid monthly. It’s perfect for those who want fixed income, especially retired individuals.

These Post Office schemes are easy to access, risk-free, and provide excellent returns. They are especially good for people who want to save safely while enjoying tax benefits.

Also Read: Miss World: Hyderabad’s Charminar, Laad Bazaar heritage restoration