5 Post Office Investment Schemes For Beginners

Find out which are 5 of the best post-office investment schemes that are friendly for beginners.

1. Post Office Savings Account

Under this scheme, investors are offered a savings account with an interest rate of 4.00% per annum and the minimum deposit to create this account is ₹500.

2. National Savings Recurring Deposit Account

The National Savings Recurring Deposit is also a scheme offered by the post office where investors have to periodically deposit money. Interest offered under this scheme is 5.8​ % per annum (quarterly compounded). Minimum deposit amount for opening the account is ₹100.

3. National Savings Time Deposit Account

The National Savings Time Deposit Account scheme by the post office is a scheme where investors get differing interest rates based on the tenure of investment. The range of interest offered is from 6.60% to 7.00% per annum and the minimum deposit amount initially is ₹1,000.

4. National Savings Monthly Income Account

Under the Post Office's National Savings Monthly Income Account, interest payments are paid out to investors every month. Interest paid on this scheme is 7.10% per annum and the maximum investment amount is ₹4.5 lakh in individual account and ₹9 lakh in a joint account.

5. National Saving Certificates 

The National Savings Certificate is a fixed investment scheme where the investors will receive their interest payments only after the maturity period of 5 years. Minimum deposit amount is ₹1,000 and the interest applicable on this scheme is 7.0 % compounded annually.

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