Post office schemes are a good investment to park surplus money for varying time periods. Post office saving schemes offer capital protection and generate better returns than bank fixed deposits. However, some post office schemes also provide tax benefits to investors along with high interest. This is the reason most post office schemes are popular with Indian investors.
Want to know more on NSC? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
Listed below are some of the post office schemes that help you save tax:
Post office Time Deposit or POTD is a popular investment in India. You have the twin benefits of higher returns as well as tax benefits under Section 80C of the income tax act up to Rs 1.5 Lakhs a year. Listed below are some of the important features of POTD accounts:
See Also: Important Post Office Saving Schemes
NSC is a safe and fixed income investment scheme. The scheme comes has a 5 year maturity period and offers tax benefits of up to Rs 1.5 Lakh under Section 80C. Some of the important features of NSC are:
See Also: Post Office Recurring Deposit Account
This is a popular savings scheme for senior citizens which offer risk-free investment along with tax benefits. The scheme comes with 5-year tenure and the maturity proceeds can be re-invested for another 3 years. Some of the benefits of this scheme are:
Sukanya Samriddhi Yojana scheme is designed to encourage the parents of the girl child save money for the future. Money is saved for the girl child’s education and marriage. The scheme comes with a host of benefits along with a tax deduction:
The account can be opened till the age of 10 years (This is the girl child’s age).
See Also: Post Office Monthly Income Saving Scheme
PPF is a long term investment scheme which is immensely popular among investors, as it allows you earn higher returns due to compounding and offers capital protection. An added benefit of PPF account is it allows investors save taxes with the investment.
You May Also Watch
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.