If you invest in these 5 saving schemes, you’ll receive bumper returns

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We will discuss the government-run small saving schemes if you wish to invest in a plan that offers both decent returns and tax savings. You can earn an interest rate greater than 7% by investing in them.saving schemes

Senior Citizen Saving Schemes investments yield high rates of return

You can earn interest on this up to 8% annually. Any citizen who is older than 60 years old may benefit from this. You receive a benefit on a joint account in this.saving schemes

PPF, or public provident fund, is a well-liked saving schemes

With this strategy, compounding is also advantageous. It is now earning a return of 7.1%. A minimum of Rs. 500 and a maximum of Rs. 1.5 lakh can be deposited in it each year. Also, investment in it is tax-exempt under Section 80C of the Income Tax Code.saving schemes

The Sukanya Samriddhi Yojana (SSY)

was founded with the future of daughters in mind. This plan offers a return of 76 percent. You receive a tax credit under section 80C here for your investment.saving schemes

The Kisan Vikas Patra (KVP) program is a very well-liked saving schemes

You receive a 7.2 percent return on your investment by using these programs. With the Kisan Vikas Patra, there is no tax exemption of any type. Money is deposited in this for a 10-year period and is doubled.

National Savings Program (NSS)

Your investment yields 7% under the National Savings Program (NSS) saving schemes. During five years, money is deposited in this. Taxes are waived up to Rs. 1.5 lakh for you.

Read More: Get 54 lakhs on maturity of this LIC scheme, know how much to invest

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