For many Indians, safe investing still matters more than chasing high risks. If you are someone who likes guaranteed returns, the post office small savings schemes can be a good fit.
Several of these government-backed plans currently offer returns between 7% and 8.2% a year.
There are many options to choose from, depending on your financial goals, budget, and time horizon. Some are good for long-term planning, while others mature faster.
Here is a look at five well-known schemes and what they offer today.
The interest rate stands at 8.2% per year, calculated annually.
Parents can invest between Rs 250 and Rs 1.5 lakh each year, with no restriction on the number of deposits in a month or year. The account matures 21 years from the date it is opened.
The Public Provident Fund remains one of the most trusted long-term investment options. It currently offers 7.1% interest per year, which is compounded annually. Investors can start with as little as Rs 500 and deposit up to Rs 1.5 lakh in a financial year.
You can pay in one go or through multiple deposits. The account matures in 15 years, not counting the year in which it is opened.
NSC gives a 7.7% yearly return, which is compounded annually, but the payout happens only at maturity. There is no limit on how much you can invest.
The scheme matures in five years from the date of deposit.
Designed for retirees, SCSS currently offers one of the highest assured returns at 8.2% per year. Deposits can range from Rs 1,000 to Rs 30 lakh.
The scheme matures in five years but can be extended in blocks of three years if needed.
This is a short-term savings option created especially for women. It offers 7.5% annual interest, calculated every quarter. Investments can begin from Rs 1,000 and go up to Rs 2 lakh. The scheme matures after two years, making it suitable for those looking for a shorter lock-in period.
In other words, for investors who prefer stability over market-linked returns, post office schemes provide predictable earnings and government-backed safety.