Besides Share Market, Bank Fixed Deposits, Mutual Funds, ULIP's, there is another scheme which is quiet oldest and also one of the safest schemes for fixed returns as they are backed by Govt Of India, and are also the largest selling in both Urban and Rural India.
The Post Office Schemes :- A bunch of schemes offered by The postal department of India, and are available for everyone ranging from 100 Rs to Several Lacs with options of monthly and one time investments.
Here we will present the complete details of all investing schemes by the Indian Postal Department.
Why should you invest in Post Office Schemes
These schemes are offered by the Government of India.
Safe, secure and risk-free investment options.
No Tax Deduction at Source (TDS).
Nomination facility is available.
Nomination can be changed at any time
The instruments are transferable to any Post Office anywhere in India.
Attractive rates of interest.
Post Office Schemes:
Post Office Monthly Income Scheme
Post Office Time Deposit Scheme
Post Office Savings Account
National Savings Certificate
Kisan Vikas Patra
Govt schemes also offered through Post Offices:
Public Provident Fund
Senior Citizen's Savings Scheme
Do look at post office once for best and safe returns in a hassle free way.
Regards
Team
TheEquityMarkets
When i Was young, my grand father they were used to deposit in the Post office, and today i suppose rarely any investor goes to post offices to deposit their money especially in urban areas. People are more interested in investing their money in stocks and in Mutual Funds
ReplyDeleteHi Financial Planning
ReplyDeletePost office schemes are still sold in good quantity in urban areas too.Though might be people don't go to post office themselves to buy.
Regards