(1) Sukanya Samriddhi Yojana – Return of 8.40 percent per annum
If you want to secure your daughter’s future, then Sukanya Samriddhi Yojana is the best option for you. An investment scheme initiated by the Government of India for girls’ marriage and higher education. Which has been released under the ‘Beti Bachao-Beti Padhao’ scheme.
Currently, it earns 8.40 percent annual interest. In this, along with tax exemption, your income is tax-free after expiration completion.
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(2) Public Provident Fund (PPF) – Yield of 7.9 percent per year
Investing in the Public Provident Fund (PPF) is the easiest option for everyone. If you have a long-term view, definitely invest in PPF. Currently, PPF receives annual interest from the government at a rate of 7.9 percent.
In the new year, you can start investing by investing money in this safe scheme. The best thing is that you can start investing in PPF with just Rs 500.
For this, the PPF account can be opened at any bank or post office. Under Section 80C of the Income Tax Act, you can get a tax exemption on investment of Rs 1.5 lakh per annum in PPF. Interest rates in PPF are reviewed every quarter.
(3) Prime Minister Shram Yogi Maandhan: every month he will receive a pension of Rs 3,000
The Pradhan Mantri Shram Yogi Maandhan (PMSYM) pension scheme is for workers in the unorganized sector. This scheme is for workers earning Rs 15,000 a month so that they can get a monthly pension of Rs 3,000 after the age of 60. Workers in the age group of 18 to 40 years can join this scheme. The most important feature of this scheme is that by investing Rs 55 per month, Rs 3000 will be available as pension every month.
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(4) National Savings Certificate – Annual Return of 7.9%
This Correos scheme is National Savings Certificates, that is, NSC. By investing in this scheme, your money will double in 119 months. The specialty of this scheme is that you can invest in it with just Rs 100 and you can also take advantage of the tax exemption. The total investment period under the post office NSC scheme is 5 years.
According to India Post, the account under this scheme can be opened with a minimum of Rs 100. The account under NSC can be opened at post offices throughout the country. At the same time, there is no maximum limit for investment in it. Money in NSC can double in 119 months. By investing Rs 100 in NSC, it becomes Rs 146 after 5 years. Thus, it will take 9.11 years, that is, 119 months, to double the investment.
(5) Kisan Vikas Patra – Money will double in 9 years!
The Central Government had issued a special notice regarding Kisan Vikas Patra (KVP). In this notification, many changes have been made to the rules of the year 2014. In KVP, your money is guaranteed to double in 9 years and 5 months.
If you deposit Rs 50 lakhs in KVP today i.e. January 5, 2020, this amount will be doubled by June 2029.
In this you can deposit any amount in the multiple of 100, but keep in mind that for the first time you will have to deposit at least 1 thousand rupees in it. There is no limit to the maximum amount that can be held in a KVP account. You can also open more than one KVP account if you wish.
(6) Atal Pension Yojana: Rs 5,000 pension will be available every month
Atal Pension Yojana (APY) is a very beneficial scheme for people working in the informal sector. The Modi government started this in May 2015. Under this scheme, regular income is available for post-retirement expenses.
People from 18 to 40 years old can take advantage of this scheme, to get a pension under this scheme, one has to invest for at least 20 years. Depending on the plan, you can receive a minimum monthly pension of Rs 1,000 and a maximum of Rs 5,000. The pension benefit will begin to be received from the age of 60. If an 18 year old joins Atal Pension Yojana, he will have to invest Rs 210 every month.
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Tags: Budget 2020, business news in hindi, Small Savings Plans
PUBLISHED FOR THE FIRST TIME : January 08, 2020, 06:08 IST