5 post office schemes that provide guaranteed return income
Post Office runs a lot of small savings schemes that provide guaranteed returns in the form of interest rates. Investors seeking non-market-linked returns invest in post office schemes. Post Office Monthly Savings Scheme, National Savings Time Deposit Account (TD) or post office FD, Senior Citizens Savings Scheme, National Savings Certificates (NSC) and Kisan Vikas Patra are some of the popular post office schemes. Know some of the distinguishing features of the post office schemes.
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Post Office Monthly Savings Scheme (MIS) calculator
![Post Office Monthly Savings Scheme (MIS) calculator Post Office Monthly Savings Scheme (MIS) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293018-income-tax-pixabay-3.jpg)
Post Office Monthly Savings Scheme (MIS) calculator
![Post Office Monthly Savings Scheme (MIS) calculator Post Office Monthly Savings Scheme (MIS) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293020-coin-pixabay-take.jpg)
Senior Citizens Savings Scheme (SCSS) calculator
![Senior Citizens Savings Scheme (SCSS) calculator Senior Citizens Savings Scheme (SCSS) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293021-indian-rupee-unsplash-1.jpg)
Senior Citizens Savings Scheme (SCSS) calculator
![Senior Citizens Savings Scheme (SCSS) calculator Senior Citizens Savings Scheme (SCSS) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293022-fd-interest-file.jpg)
An individual above 60 years of age, retired civilian employees above 55 years of age and below 60 years of age, and retired defence employees above 50 years of age and below 60 years of age can open the account in the scheme. On an investment of Rs 30 lakh, a senior citizen will get quarterly interest of Rs 61,500, and their maturity amount after five years will be Rs 42.30 lakh.
Post office FD calculator
![Post office FD calculator Post office FD calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293023-indian-currency-pixabay-1.jpg)
Post office FD calculator
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National Savings Certificate (NSC) calculator
![National Savings Certificate (NSC) calculator National Savings Certificate (NSC) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293025-investment-growth-pixabay.jpg)
National Savings Certificate (NSC) calculator
![National Savings Certificate (NSC) calculator National Savings Certificate (NSC) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293026-note-coin-unsplash-take.jpg)
Kisan Vikas Patra (KVP) calculator
![Kisan Vikas Patra (KVP) calculator Kisan Vikas Patra (KVP) calculator](https://cdn.zeebiz.com/sites/default/files/2024/05/10/293027-money-18119351280.jpg)
One can open a single, joint (up to 3 adults), a guardian on behalf of a minor or on behalf of a person of unsound mind, or a minor above 10 years old in their own name can open a Kisan Vikas Patra (KVP). The minimum deposit in the scheme is Rs 1000 and in the multiple of Rs. 100, while there is no maximum limit. One can open any number of accounts under this scheme.