The new post office scheme can be very beneficial for you. It gives higher returns at a lower amount. The name of this scheme is National Savings Certificate Scheme. Actually it is run by the government, so there is no risk on the amount deposited in it. Interest in this scheme is decided by the government and people are given good interest on the deposit amount.
The scheme is of 5 years and the interest rate in this scheme was fixed at 6.8 on 1 April 2020. In this scheme, at the time of opening the account, you can deposit minimum 1 thousand and maximum as much as you want. After completing the 5-year period after depositing, you will get the interest money along with the principal.
If you deposit ₹5 lakh in this scheme, then its deposit becomes ₹ 698514. On this amount you get about two lakh rupees. The amount you deposited remained the principal for 5 years and ₹ 2 lakh became separate interest on it.
Source: Krishi Jagran
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