Post Office Investment Schemes

One very good friend of mine today asked me about the Post Office Investment Schemes, so i thought why not share the information with everyone. So here it is in brief about all the Post office schemes....

1. National Savings Scheme - I have been investing in these certificates for some time now. They are issued by Department of post, Government Of India and are available at all post offices in the country. It is a long term safe savings Option for the investor. It is actually also a tax saving scheme which also provides reasonable secured as per the provisions of the Income Tax Act, 1961. The duration of a NSC scheme is 6 years. More features of the Scheme can be found here.....

2. Kisan Vikas Patra - I have recently invested in this scheme(KVP), it basically doubles your money in 7 years and 3 months and you can also do a premature withdrawal. It does not provide tax saving benefit. Also available at all major Post throughout India. The rate of return is 9.75 per cent, compounded annually. More Features of the Scheme Can be found here.....

3. Monthly income scheme (MIS) - This is one scheme i am planning to invest in just for the heck of getting a monthly income. Its an ideal scheme for retirees and you will see a lot of them have invested in them just to get the monthly payment of interest income. It is meant for investors who want to invest a sum amount initially and earn interest on a monthly basis for their livelihood. is meant to provide a source of regular income on a long term basis. More Features of the scheme can be found here.....

4. Recurring Deposit - I have one of these running for my son, i invest a monthly sum into this scheme and at the end of the period of five years, i will get a lump sum amount. It is basically a systematic way for long term savings, and is one of the best investment option for the low income groups. More Features of the scheme can be found here....

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