PERSONAL FINANCE
Check out the complete list of government schemes that offer interest rates similar to FDs.
Government Schemes: In the contemporary era, individuals have an array of investment options at their disposal. Despite this, a significant proportion of the population in the country place their trust solely in government schemes.
With the widespread proliferation of financial information via social media, the government continues to launch a plethora of schemes catering to every class and age group within the country. The focus of this discourse is to furnish information regarding several types of government-supported schemes that offer an interest rate of more than 8 percent for investing.
One such scheme is the National Saving Certificate that offers a 7.7 percent interest rate to customers who can invest any amount ranging from Rs 1,000 to a multiple of 100 in the scheme, for a total of 5 years.
Another scheme is the Sukanya Samriddhi Yojana, which proffers an 8 percent interest rate on deposits. Interested individuals can open an account for a girl child below the age of 10 years, with a minimum investment of Rs 250, up to a maximum of Rs 1.5 lakh.
Additionally, investing in the monthly income scheme of the post office can provide individuals with a 7.4 percent interest rate. A single account can accommodate investments of up to Rs 9 lakh, while a joint account can hold up to Rs 15 lakh, for a total of 5 years.
Furthermore, the government has launched a new scheme, the Mahila Samman Savings Certificate, which offers an interest rate of up to 7.5 percent, specifically designed for women.
For those interested in the Kisan Vikas Patra, another post office scheme, a return of up to 7.5 percent can be procured. The amount invested in this scheme doubles in 115 days.
Finally, senior citizens can benefit from a substantial interest rate of up to 8.2 percent on investing in the Senior Citizen Savings Scheme, with a maximum investment limit of Rs 30 lakh.
Read more: Indian Railways: How to book an entire coach or the train for a trip? Know process and cost
Maharashtra: Stage set for assembly poll results; Mahayuti, MVA confident of their victories
All set for vote counting in Jharkhand tomorrow; NDA, JMM-led alliances confident of winning
Watch: Australia star inquires Rishabh Pant about his next IPL team, gets 2-word reply
Shah Rukh Khan’s house Mannat was first offered to his industry rival…, but he refused because...
The Visionary Who Promises a Blue Sky for India: Holger Thorsten Schubart’s G20 Climate Speech
The Surge of High-End Living: Luxury Residential Market to Outpace Other Segments
FeFCon 2024 to be Held in Bangalore: A Premier Event on Fever Management
'That’s wild': Noida man turns cigarette butts into teddy bears in viral video, watch
London Airport evacuates passengers over security threat, thousands stranded
The World’s First Innovative Iron Supplement to Combat Iron Deficiency and Anaemia
Meet grandmother who became fashion icon after trying on her granddaughter’s clothes
IND vs AUS: Rishabh Pant joins Virat Kohli, Rohit Sharma in elite WTC list, becomes 3rd Indian to...
'All scripted drama...': Puneet Superstar allegedly assaulted by influencers in viral video, watch
Actress Ana de Armas caught kissing Cuban President Miguel Díaz-Canel’s son in viral photos
Oreshnik's Shadow: Will Russia's hypersonic missile force west to back down?
‘You’re So Beautiful’: World’s tallest woman meets world’s shortest woman over tea, pics go viral
Delhi-NCR Air Pollution: Consequences of GRAP-4 are drastic, may have adverse effects, says SC
Delhi-NCR Air Pollution: Schools likely to stay closed till..., check city-wise update
Maharashtra: 3 killed, 9 hospitalised after gas leak at fertiliser plant in Sangli
THIS farm is selling a cup of coffee for Rs 28000, but there's a twist, it is...
Chhattisgarh: 10 Maoists killed after encounter with security personnel in Sukma
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
IND vs AUS 1st Test: KL Rahul's dismissal sparks DRS controversy in Perth Test
Dense fog, heavy rain predicted in these states till November 25; check here
Oreshnik Hypersonic Missile: Which nations are within its range?
Bihar teacher, principal reach school in drunken state; know what happened next
'I have faced a lot of...': Arjun Kapoor REVEALS his biggest fear amid break up with Malaika Arora
How millions of Indians may get affected due to US indictment of Gautam Adani in bribery case
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says 'missing someone is okay but...'
After Bibles, watches and sneakers, Donald Trump is now selling autographed guitars, price is...
Delhi pollution: Air quality improves to ‘very poor’ category, AQI at...
Vladimir Putin's BIG threat, warns he could strike UK with new ballistic missile if...
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
Somebody misbehaved with Alia Bhatt on Highway sets then Imtiaz Ali had to...
Zomato CEO Deepinder Goyal reveals twist behind Rs 200000 job fee, closes application window
Days after Ratan Tata's demise, Tata Group's Rs 131000 crore company inks pact with ADB for...
WATCH: Woman makes Biryani with Parle-G biscuits, viral video fumes internet
Only train in India in which passengers can travel for FREE; check route, timings and more