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Post Office Offers Various Tax Saving And Other Secured Investment Schemes

Post Office Offers Various Tax Saving And Other Secured Investment Schemes

Submitted by • December 9, 2019 tax2win.in

Post Office has been one of the most trusted and ancient modes where people have been investing their money in different schemes such as
Savings Deposit
1 Year Time Deposit
2 Year Time Deposit
3 Year Time Deposit
5 Year Time Deposit
5 Year Recurring Deposit
5 Year National Savings Certificate
5 Year Monthly Income Account
5 Year Senior Citizen Savings Scheme
Public Provident Fund
Kisan Vikas Patra
Sukanya Samriddhi Account Scheme

Lock in Period : The post office schemes normally come with 5 Years lock-in except
Savings Account
1 Year Time Deposit
2 Year Time Deposit
3 Year Time Deposit
Kisan Vikas Patra
Public Provident Fund
Sukanya Samriddhi Account Scheme

Returns: The normal rate of return in various post office investment schemes ranges between 7.5-8.5% except:
4% interest in the post office savings account &
7% interest in 1 Year Time Deposit, 2 Year Time Deposit and 3 Year Time Deposit

Tax Benefit: Amount Invested in all the post office investment schemes is eligible for i

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Voted by tax2win

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