highlights
The current interest rate for SCSS is 7.4 percent per annum.
The term of this regulation is 5 years.
The minimum ranges from Rs 1000 to the maximum of Rs 15 lakh.
New Delhi. There are many safe investment options on the market. Where the money is invested, the customer can achieve good returns. If you also want to secure the future of yourself and your family, then you know these best programs from Post Office and LIC. By the way, the post office offers 9 savings plans, where the current interest rate is up to 7.6 percent per year. At the same time, LIC also offers many savings programs. Let us know…
A savings account can be opened at the post office, ranging from term deposit (TD) accounts to SCSS, PPF, KVP, NSC, MIS and Sukanya Samriddhi (SSY) accounts.
Also read this: Delhi-Mumbai Expressway takes you to beautiful cities, your favorite place is included, see the complete list
Monthly Income Program (MIS)
The Monthly Income Scheme (MIS) is an investment scheme operated by the Union Department of Communications. Even if you want a fixed amount each month for essential expenses, the Post Office Monthly Income Scheme is the right option for you. The Post Office Monthly Income Scheme (POMIS) offers 7.1 percent interest per year. An account can be opened at the Post Office MIS with a minimum of Rs 1000. Your capital is safe. Also get better returns compared to debt securities.
Senior Savings Scheme (SCSS)
The term of this regulation is 5 years. The current interest rate for SCSS is 8 percent per annum. This account can only be invested once which ranges from a minimum of Rs 1000 to a maximum of Rs 15 lakh. Anyone aged 60 or older can open an account under SCSS.
5 year recurring deposit (RD)
RD is opened at the post office with a minimum rate of Rs 100 per month. Its term is 5 years. The current interest rate on Post Office RD is 5.8 percent per annum. The account can be opened individually or jointly in the name of a minor over 10 years of age and a mentally handicapped person. If it opens before the 15th of the month, your monthly installment should be deposited into it by the 15th of each month.
Also read this: If you only want to get FD, then you can find small banks in your town, interest rates are higher than expected, money is guaranteed by the government
Postal Time Deposit (TD)
The government has increased interest rates on the Post Office’s fixed deposit system by 20 basis points as of January 1, 2023. Following this increase, the Post Office’s five-year FD scheme now carries an interest rate of 7.00 percent. Customers receive 6.6 percent interest rate on 1 year FD. At the same time, 6.8 percent interest rate on 2-year FD and 6.9 percent on 3-year FD are offered.
LIC offers a variety of insurance and investment options.
New Bima Bachat plan
This is a money back plan. The one-off premium plus loyalty surcharge (if any) will be refunded when it is due. This system also takes care of the investor’s cash needs, hence a credit facility is available in it. Term options of 9, 12 and 15 years are available. In the plan, the sum insured is payable in the event of death during the first five years of the policy term. The minimum age for investors in the New Bima Bachat Plan is 15 years. The maximum age is 50 years.
Also Read This: Vande Bharat Metro now runs to Vande Bharat Express, Kanpur to Lucknow in 30 minutes, then Sitapur in 50 minutes
Jeevan Shanti’s new deferred retirement plan
LIC offered this scheme for post-retirement pension. This is an unaffiliated, nonparticipating, individual, single premium deferred annuity plan. For a joint life plan, you need to invest at least Rs 1.5 lakh. Which you can pay annually, semi-annually, quarterly or monthly as you wish. The minimum pension ie annual salary in this plan is Rs 12,000.
LIC New Money Back Plan for Children
The minimum age for taking out this insurance is 0 years. The maximum age for taking out insurance is 12 years. The minimum sum insured is Rs.10,000. Driver option for award waiver is also available. The total term of LIC’s new children’s money-back plan is 25 years. Under this plan, LIC pays 20% of the base insured amount when the child turns 18, 20, and 22.
Be the first to read breaking news in Hindi News18 Hindi| Read Today’s Latest News, Live News Updates, Most Reliable Hindi News Website News18 Hindi.
Tags: lic pension insurance, LIC pension scheme, Money making tips, post
FIRST RELEASED : 18 February 2023 at 15:01 CET
