If you invest in these 5 government schemes, you will be rich! Find out how much interest rate you will get

 If you want to get good interest along with tax savings, then we are going to tell you about government schemes that are offering interest rates above 7 percent to beat inflation. Let's know about these schemes.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is a great investment option for senior citizens if they want to invest to save tax. In it, the investor gets a return of 8 percent. However, the government has increased its investment limit from 15 lakhs to 30 lakhs.

Kisan Vikas Patra

Kisan Vikas Patra is also a risk free investment option with the post office offering you a cool interest rate of 7.2 percent.

Public Provident Fund

Publit Provident Fund is a very popular small savings scheme under which the investor gets a return of 7.1 percent on compounding basis.

National Savings Scheme

National Savings Scheme is a risk free investment option. In which you are given interest at the rate of 7 percent.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી માહિતી 

 

Sukanya Samriddhi Yojana

If you want to invest for your child's future then you can invest in Sukanya Samriddhi Yojana. You get 8 percent interest on investing in it.

Read More »

Get more interest with tax breaks: Invest in these 5 post office schemes including PPF and National Savings Certificate

Recently, banks including Axis, ICICI and Canara Bank have increased interest on fixed deposits (FD). However, even then there are many post office schemes where you are getting higher interest than FD and income tax exemption.

By investing in these post office schemes under Section 80C of the Income Tax Act, you can save tax on an amount up to Rs 1.5 lakh. Today we are telling you about 5 such schemes run by the Post Office in which you will also get the benefit of income tax exemption along with good returns.

1. Senior Citizen Savings Scheme

• The scheme is getting an interest rate of 8% per annum
• Account can be opened after 60 years or above
• A VRS taker who is above 55 years but below 60 years can also open this account.
• Rs can be invested under the scheme for 5 years. The scheme can be extended for 3 years after maturity.
• Under the scheme you can mostly invest up to 15 lakh rupees.

2. Sukanya Samriddhi Yojana

• Account under this scheme can be opened after the birth of a girl child before the age of 10 years
• You can open an account for just 250 rupees. In which interest is getting at the rate of 7.6% per annum which is higher than fixed deposit.
• 1.5 lakh rupees can be deposited under Sukanya Samriddhi Yojana in the current financial year.
• An account can be opened at any post office or bank branch.

3. Public Provident Fund

• Post Office Public Provident Fund (PPF) account currently earns 7.1% interest on the amount deposited.
• Interest on deposits is calculated on an annual basis, i.e. added to the principal amount every year.
• PPF comes under EEE category of exemption. Which means that income from returns, maturity amount and interest is exempted from income tax.

This account can be opened for 15 years, which can be further extended for 5 years.

An account can be opened in PPF with a minimum of Rs 500. In which it is necessary to invest 500 rupees in a financial.

Under this scheme, you can invest a maximum of Rs 1.5 lakh in the account in a year.

4. National Savings Certificate

• Investment in Post Office National Savings Certificate (NSC) is earning 7% annual interest.
• In which the interest is calculated on an annual basis, but the interest amount is given over the investment period.
• To open an NSC account you have to invest a minimum of Rs 1000.
• You can invest any amount in NSC. In which there is no higher investment limit.

5. Time Deposit Scheme

• This is a type of fixed deposit. In which by investing rupees for a fixed period, you can avail the benefits of chocks return and interest.
• A Post Office Time Deposit Account offers an interest rate of 5.5 to 7 percent for a tenure of 1 to 5 years.
• According to the official website of India Post, you can avail tax exemption under 80C on investment for a period of 5 years.
• You will earn interest at 7 percent per annum on time deposits for 5 years.
• In which a minimum investment of 1000 rupees has to be made. There is no maximum investment limit.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી માહિતી રીપોર્ટ

What is Section 80C?

Under Section 80C of the Income Tax Act, you can claim a deduction of Rs 1.5 lakh from your total income. In simple language, you can reduce your total taxable income up to Rs 1,50,000 through Section 80C.

Read More »

New Savings Plan in Budget: Instead of putting in FD, save here, interest has increased

If you are planning an investment and you are looking for a scheme with guaranteed returns, then Post Office Scheme can prove to be a better option for you.

• Post office can be a good option if you are making an investment plan
• Interest rates in post office schemes are higher than almost all banks
• People rely more on FD or backing schemes for savings

  If you are planning to invest savings and looking for a scheme with guaranteed returns, Post Office Savings Schemes can be a better option for you. You can also earn good money in Post Office Savings Scheme by managing your money properly.

For savings, most people rely more on bank FDs or other banking schemes. But instead of FD, you can get more benefits from your savings through post office savings schemes. Most post office schemes have higher interest rates than almost all banks. Know about Post Office Savings Schemes:

Post Office Time Deposit Scheme

Post Office Time Deposit Scheme is one of the most popular and small savings schemes. The scheme offers a guaranteed return of 6.7% on five-year fixed deposits. This plan can be renewed every five years, making it an excellent long-term savings option...

Senior Citizen Savings Scheme

This post office scheme has been launched especially for the senior citizens i.e. the elderly. In this scheme you get 8% return on your savings. Apart from this there is no risk whatsoever in investing in this plan. In this you get complete security guarantee.

Monthly Income Plan

In the Monthly Income Savings Plan, you get an increase in interest rate from 6.7% to 7.1%. This is a scheme where you can deposit money in one go and get guaranteed returns every month. In this, your money remains completely safe and is unaffected by market fluctuations. MIS account has to be invested only once. Its maturity is 5 years.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી માહિતી રીપોર્ટ

National Savings Scheme

The interest rate on National Savings Certificate (NSC) has been increased from 6.8% to 7.0%. NSC Minimum Rs. 1000 can be purchased and no limit is set for the maximum investment. That is, you can invest any amount in it. In this you do not need to deposit money for a long time. Your plan matures in 5 years. Interest is compounded annually and guaranteed returns are available.

Read More »

     

 Invest in bluechip funds, giving a return of 64% in the last 1 year

If you are looking for a place to invest these days where you can get a good return with low risk then you can start investing in mutual fund bluechip funds. Bluechip funds have returned 64% in the last 1 year. Today we are telling you about Bluechip Fund so that you too can make a profit by investing in it.

What is a Bluechip Fund?

They are large-cap mutual funds. However, some large-cap mutual funds have also attached bluechips to their names. Such as, Axis Bluechip Fund, ICICI Pru Bluechip Fund, SBI Bluechip Fund, Kotak Bluechip Fund or Franklin Bluechip Fund. Apart from that, Mira Asset Emerging Bluechip Funds from the Large and Mid Cap segment are Principal Emerging Bluechip Funds.

It carries less risk

Bluechip companies are companies that are very large in size and have a strong financial position. It is believed that their stocks have low volatility, so investing in them is less likely to result in losses, especially in the long run.

Large cap mutual fund schemes are required to invest at least 80% of the funds collected from investors in the top 100 companies. Bluechip funds are advised to invest in those investors who want to enter the stock market with less risk..

It is worth investing in for a long time

According to Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers, investing in these schemes should be done with a time period of at least 5 years. One thing to keep in mind is that short-term stock market fluctuations can have a greater impact on your investment while in the long run the risk is lower.

અહીંથી વાંચો સંપુર્ણ ગુજરાતી રીપોર્ટ

With BLUECHIP MF PORTFOLIO App, you can get several views of your portfolio which will not only keep you abreast about its latest status, but also help you making important decisions for investment re-balancing, profit booking or stopping loss.



Here are some of the many features of theBLUECHIP MF PORTFOLIO App:

• Get a summary view of the current status of your investments across asset classes

• Get a summary view of the insurance cover of all members in your family

• Drill down to full detail

• View Upcoming portfolio events

• Get alerts about your important events such as life insurance premium due, general insurance renewals, SIP due, FMP maturity, etc.

• Buy / Redeem / Switch Mutual Funds online from any AMC

• Get best in the class MF advisory

• Raise a service ticket to your advisor

• Host of useful financial calculators to help you plan your short term and long term financial goals

• Digital Vault – access your important documents anytime from your Smartphone

• Provides coverage of all major General Insurance sections such as Health, Motor, Fire etc.

• Track small saving investments like PPF, NSC, KVP, FD, RD etc.

• Maintain your investments in Stocks, Bonds, Bullion, Commodities etc

 

Read More »