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Govt. investment schemes that can earn you better return than your stock investments

Everyone seeks safer and more reliable options when investing their money. If you don't want to get involved in the intricacies of stock markets and trading then don't worry. There are various schemes offered by the Government of India that are for supporting the financial stability of the common public. What's so attractive about these schemes are the benefits in the long term, considerable interest rates and exemption in tax.

Some of these are:

Public Provident Fund: Everyone is aware of this long-term benefit scheme. One can invest in it for attractive interest. Earned returns are fully exempted from tax. Assesse can claim a tax deduction up to Rs 1.5 lakh under section 80C of the Income Tax Act

National Savings Certificate: NSC is a post office based fixed investment savings scheme that can be opened in a post office with a minimum amount of Rs 100 with no maximum limit. Tax deduction of up to Rs 1.5 lakh is eligible under section 80C of the Income Tax Act. It comes with a maturity period of 5 years and 10 years.

Atal Pension Yojana: Atal Pension Yojana is a guaranteed pension scheme under the Pension Fund Regulatory and Development Authority (PFRDA). People aged 18 to 40 years old having an account in a bank are eligible. The investor in this scheme is guaranteed a pension ranging from Rs 1,000 to Rs 5,000 investment amount and tenure basis.

Sukanya Samriddhi Yojana: 'Beti Bachao Beti Padhao' campaign initiated this scheme comes under the ambit of tax benefit under section 80C of the Income Tax Act. It has a minimum limit of Rs.1,000 and a maximum of Rs 1.5 lakh per annum in this scheme. In this scheme the account is functioning for 21 years from the opening date.

Pradhan Mantri Jan Dhan Yojana: Pradhan Mantri Jan Dhan Yojana (PMJDY) is a scheme announced on August 15, 2014, The purpose of PMJDY is to provide bank services by opening bank accounts for individuals and making them eligible for financial services. A person who is 18 years or above is eligible under this scheme for the zero balance account opening. In order to avail the cheque facilities, minimum balance according to the bank rules. Even an overdraft facility is allowed after 6 months.

Kisan Vikas Patra: Started off as a farmer centric scheme, it is now open to all. It is a savings certificate with a tenure of 112 months. The minimum limit to invest is Rs.1,000 without any upper limit. As regards tax benefit, it isn't available but this certificate can be this scheme as a collateral for a bank loan.

How many of these schemes were you aware of?

How many of these are you invested in?

Do tell these to your elder brother who has just started his professional career, or your parents, in case they are not invested in these already.


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