If you are looking for an investment in the New year 2024, Post offices could be an option to ensure growth of your money.
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The investment in post offices are safe compared to those in banks. The Investment in post offices are safe as it is not affected by stock market volatility.
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National Savings Recurring Deposit Account(RD) in post offices can be a safe option to grow your money. The RD interest rates were increased from 6.2 percent to 6.5 percent.
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National Savings Time Deposit Account(TD) Scheme provides guaranteed return on investment. A 5 Year Time Deposits under this scheme also qualify for tax deduction.
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Public Provident Fund Account (PPF) under Post Offices are good option for investment which can fetch interest rate at 7.1 percent per annum.
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Senior Citizens Savings Scheme Account (SCSS) is another once such scheme that ensures 8.2 percent growth of your money.
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The National Savings Certificate (NSC) can earn interest ay 7.1 percent for the investor’s money.
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