Which is the best small saving scheme?
Small Savings Schemes or Post Office Saving Scheme are very popular in India as people prefer Investing money in instruments backed by the Government of India. Post Office Time Deposit Account. Post Office Monthly Income Scheme Account. 5- Year Senior Citizen Savings Scheme.
What are small saving schemes in India?
Comparison table
| Scheme | Duration | Rate of Interest* |
|---|---|---|
| NSC | 5 years | 6.8\% p.a. |
| Post Office Monthly Income Scheme | 5 years | 6.6\% |
| Senior Citizens Savings Scheme | 5 years | 7.4\% p.a. |
| Kisan Vikas Patra | 124 months (10 years and 4 months) | 6.9\% p.a. |
How can I invest in a small savings?
The following are the 10 best savings plans to invest in 2021.
- National Savings Certificate.
- Senior Citizen Savings Scheme.
- Recurring Deposits.
- Post Office Monthly Income Scheme (MIS)
- Public Provident Fund (PPF)
- KVP (Kisan Vikas Patra)
- Sukanya Samriddhi Yojana (SSY)
- Atal Pension Yojana.
Which is best scheme in post office?
Post Office runs a lot of savings schemes, and the government guarantees the best returns on them.
- Post Office Savings Bank Account.
- Post Office Recurring Deposit.
- Post Office Monthly Income Scheme.
- Post Office Senior Citizen Savings Scheme.
- Post Office PPF.
- Post Office Time Deposit (TD)
What is equity savings scheme?
The Rajiv Gandhi Equity Savings Scheme (commonly referred to as RGESS), is a tax saving scheme announced in the 2012-2013 Union Budget of India, aimed at first time retail investors.
What is a money purchase scheme?
A Money Purchase arrangement is a type of pension arrangement in the United Kingdom. It can either be sponsored by an employer (such as a Small Self Administered Scheme, an SSAS) or an individual arrangement (such as a Self-invested personal pension, SIPP, or Personal pension, sometimes with an insurance company).
What is an investment scheme?
A type of investment scheme that involves collecting money from different investors and then combining all the money collected to fund the investment. A collective investment scheme may also be called a mutual fund.