PPF To POMIS: 4 Effective Investment Schemes By India Post
Indian Post provides a range of investment alternatives to accommodate the demands of various investors.
Besides being a network for letters and packages, India Post has been a reliable company for small savings and safe investments for decades. All post office savings plans are guaranteed to yield returns because they are backed by the Indian government. Moreover, Section 80C permits tax exemptions up to Rs 1,50,000 for most of the post office investment schemes.
Continue reading to learn more about the Post Office's four investment programs, which include the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund (PPF).
Public Provident Fund (PPF)
With a 15-year investment period, the Public Provident Fund (PPF) is a long-term investment. The annual maximum investment is Rs 1.5 lakh, while the minimum is Rs 500. PPF provides a 7.10 per cent annual compound interest rate. A PPF account investment is eligible for a tax deduction under Section 80C of the Income Tax Act. Since its interest is completely tax-free, it also provides a tax-efficient return.
National Savings Certificate (NSC)
NSC is a risk-free and tax-efficient savings plan with a five-year maturity period for long-term and conventional investors without a risk appetite. The interest rate offered by NSC is 7.7 per cent annually, compounded every six months, and payable at maturity. The lowest amount of investment is Rs 1000, and there is no upper limit. You can invest in denominations of Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000.
The Sukanya Samriddhi Yojana, which is intended for girls aged 10 and under, can be initiated with a minimum investment of Rs 250 and a maximum investment of Rs 1.5 lakh annually. It provides a yearly compound interest rate of 8.2 per cent. Section 80C provides a tax deduction of up to Rs 1.5 lakh annually for investments made into SSY. Only the girl child's parents or legal guardians may open a Sukanya Samriddhi account in her name.
Post Office Monthly Income Scheme (POMIS)
A monthly income plan must be opened with a minimum of Rs 1000. A single account may hold up to Rs 9 lakh, while a joint account may hold up to Rs 15 lakh. The account holder is allowed to withdraw the deposit and end the account whenever they like, after a year from the date of opening. The Post Office MIS interest rate is now 7.4 per cent annually, payable on a monthly basis, and has a five-year maturity period.
Visit the nearest Post Office branch to conveniently invest in a post office savings scheme. You can also invest online or offline with a variety of private and public sector banks in Post Office Savings schemes like Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), National Savings Certificate (NSC), etc.
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First Published:
July 17, 2025, 08:59 IST
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