1.

POST OFFICE INVESTMENT –SAVINGS SCHEMES

The post office savings schemes include a bucket list of products that offer reliability and risk
free returns on investment. Such security and returns are perks one mostly associates with a
central government-run savings portfolio. These schemes are operated via 1.54 lakh post offices
all over the country. Take for instance the PPF schemes; PPF is operated via 8200 branches of
public sector banks in addition to the post offices in each city.
2. SAVINGS SCHEMES UNDER POST OFFICE INVESTMENT
1) POST OFFICE SAVINGS ACCOUNT
2) 5-YEAR POST OFFICE RECURRING DEPOSITE ACCOUNT (RD)
3) POST OFFICE TIME DEPOSITE ACCOUNT (TD)
4) POST OFFICE MONTHLY INCOME SCHEME ACCOUNT (MIS)
5) SENIOR CITIZEN SAVINGS SCHEME (SCSS)
6) 15 YEAR PUBLIC PROVIDENT FUND ACCOUNT (PPF)
7) NATIONAL SAVINGS CERTIFICATES (NSC)
8) KISAN VIKAS PATRA (KVP)
9) SUKANYA SAMRIDDHI ACCOUNTS (SSA)

ADVANTAGES OF THE POST OFFICE INVESTMENT- SAVING SCHEMES IN INDIA

a) EASY TO INVEST
THE SAVINGSCHEMES ARE EASY TO ENROL IN AND ARE BEST SUITED FOR THE RURAL AND AS
WELL AS THE URBAN INVESTORS, ANYONE WHO WANTS TO HEDGE THE RISK IN THE PORTFOLIO
FOR A FIXED DECENT RETURN. THEIR SIMPLICITY AND AVAILABILITY MAKE THESE A MUCH-
PREFERRED SAVINGS OPTION.
b) SIMPLE PROCEDURE TO ENROLL
LIMITED DOCUMENTATION AND PROPER PROCEDURES IN POST OFFICE ENSURES THAT THESE
SAVING SCHEMES ARE SIMPLE TO OPT FOR AND SAFE TO BE LOCKED ON TO AS THEY ARE ALSO
BACKED BY THE GOVERNMENT.
c) INVESTMENTS FOR LONG TERM
THE INVESTMENTS IN THE POST OFFICE SCHEMES ARE MORE FORWARD- LOOKING AND LONG-
TERM ORIENTED WITH THE INVESTMENT PERIOD EXTENDING UP YO 15 YEARS FOR A PPF
ACCOUNT. THIS ACTS AS A HUGE HELP IN RETIREMENT AND PENSION PLANNING.
d) TAX EXEMPTION
MOST OF THESE SCHEMES CARRY WITH THEM TAX REBATES UNDER SECTION 80C FOR THE
DEPOSITE AMOUNT. FEW OF THE SCHEMES LIKE THE PPF, THE SCSS, THE SUKANYA SAMRIDDHI
YOJANA, ETC. ALSO HAVE THE INTEREST EARNED AMOUNT EXEMPTED FROM TAXATION.
e) RISK-FREE AND COMPETENT INTEREST RATES
INTEREST RATES IN THESE SCHEMES RANGE FROM 4%TO 9% WHICH IS ALSO RISK FREE. THERE IS
A MINIMAL AMOUNT OF RISK INVOLVED AS THIS IS AN UNDERTAKING BY THE GOVERNMENT OF
INDIA.
f) DIFFERENT BUCKETS OF PRODUCTS
THERE IS AWIDE RANGE OF PRODUCTS BASED ON DIFFERENT TYPES OF INDIVIDUALS. PUBLIC
PROVIDENT FUND (PPF), KISAN VIKAS PATRA AND SUKANYA SAMRIDDHI YOJANA ARE SOME OF
THE MORE WELL-KNOWN SCHEMES.
THE GOVERNMENT HAS MADE THESE SMALL SAVINGS SCHEMES AVAILABLE VIA POST OFFICES
TO PROVIDE A SAFE INVESTMENT AVENUE FOR THE PUBLIC. BY GIVING THEM GOOD RETURNS
WHILE KEEPING THEIR MONEY SAFE, THESE SCHEMES ARE EASY TO MANAGE. IF THE FEATURES
AND BENEFITS ITERATED ABOVE MEET YOUR FINANACIAL GOALS, INVEST IN A POST OFFICE
SAVINGS SCHEME TO SECURE YOUR FINANCIAL FUTURE AT MINIMAL RISK.