*** Free Demat Account *** Angel Broking :

#mis #SCSS #TDAccount #PostOffice
Post Office Top 3 Pension Plan TD Account Monthly Income Scheme MIS Senior Citizen Saving Scheme

Indian Post offers a plethora of investment schemes for a variety of investors, including individuals, a girl child. All the Post office investment schemes guarantee returns as the Government of India backs it. Moreover, few the post office investment schemes offer tax benefits up to INR 1.5 lakhs upon investment. This article covers the different post office savings schemes and the benefits of post office schemes in detail.

post office savings account,post office saving schemes,post office interest rate 2021,post office pension plan,post office new scheme,post office new pension scheme,post office monthly income scheme,senior citizen saving scheme,post office time deposit,post office,new scheme,best scheme post office,latest post office scheme,nivesh gyan,new pension plan,mis post office,scss post office…(read more)

LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Post office schemes are a popular investment choice among individuals due to their reliable and secure nature. Among the various schemes available, the Top 3 Pension Plan, TD Account, Monthly Income Scheme (MIS), and Senior Citizen Saving Scheme offer attractive options for retirees and senior citizens.

1. Top 3 Pension Plan:
The Top 3 Pension Plan is a post office scheme designed to provide regular monthly income to individuals after their retirement. It is an ideal choice for those looking for a fixed income source during their post-retirement years. The scheme allows individuals to invest a lump sum amount, which is then converted into a pension plan, providing regular monthly payouts. The interest rates for the Top 3 Pension Plan are revised by the government from time to time. The scheme offers a safe and secure investment option for individuals planning for their retired life.

2. TD Account:
The TD (Time Deposit) Account is another post office scheme that offers attractive interest rates to investors. This scheme allows individuals to invest a lump sum amount for a specific period, ranging from 1 year to 5 years. The interest rates for the TD Account are declared by the government on a quarterly basis. With the TD Account, investors have the option to choose between monthly, quarterly, half-yearly, or yearly interest payments. Upon maturity, the principal amount along with the accrued interest is returned to the investor. The scheme provides a predictable and guaranteed return on investment.

3. Monthly Income Scheme (MIS):
The Monthly Income Scheme (MIS) is a popular choice for investors seeking a steady monthly income. This scheme offers fixed interest rates and monthly payouts to investors. The MIS provides a secure investment platform as it is backed by the government. Investors can opt for a minimum investment of Rs. 1,500 and a maximum of Rs. 4.5 lakhs (in single or joint accounts). The interest rates for the MIS are determined by the government and are reviewed regularly. This scheme is particularly beneficial for retired individuals who rely on a monthly income for their daily expenses.

4. Senior Citizen Saving Scheme:
The Senior Citizen Saving Scheme is exclusively designed for individuals above the age of 60. This scheme offers higher interest rates compared to regular savings accounts and provides a regular and stable income to senior citizens. Investors can invest a maximum of Rs. 15 lakhs in the scheme, and the maturity period is five years, which can be further extended by three years. The Senior Citizen Saving Scheme is an excellent option for retirees looking for a safe investment avenue that offers substantial returns.

In conclusion, the post office schemes mentioned above – Top 3 Pension Plan, TD Account, Monthly Income Scheme, and Senior Citizen Saving Scheme – offer attractive investment options to retirees and senior citizens. These schemes provide a reliable and secure investment avenue, ensuring a regular and stable income source during the post-retirement years. With their government backing and attractive interest rates, post office schemes are a popular choice for those seeking financial security and peace of mind.