Post Office Schemes
Also known as: India Post Schemes, Postal Savings Schemes
Government-backed savings and investment products offered through India Post with guaranteed returns.
Detailed Explanation
Post office schemes are government-backed savings and investment products that offer safety, competitive returns, and various tax benefits. Popular schemes include NSC, PPF, MIS, KVP, SCSS, and SSY. These schemes provide guaranteed returns with government backing, making them ideal for conservative investors seeking steady growth and income.
Related Calculators
Related Terms
NSC
National Savings Certificate - 5-year government savings scheme with tax benefits under Section 80C.
PPF
Public Provident Fund - 15-year tax-free investment scheme with EEE tax status.
MIS
Monthly Income Scheme - Post office product providing fixed monthly income with 5-year tenure.
KVP
Kisan Vikas Patra - Government scheme that doubles investment in approximately 115 months.
SCSS
Senior Citizen Savings Scheme - Specialized post office product for retirees with quarterly income.
SSY
Sukanya Samriddhi Yojana - Government scheme for girl child education with highest post office returns.