logo
PPF To POMIS: 4 Effective Investment Schemes By India Post

PPF To POMIS: 4 Effective Investment Schemes By India Post

News1817-07-2025
Last Updated:
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.
view comments
First Published:
July 17, 2025, 08:59 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India unlikely to import US genetically modified agricultural items under trade deal: Sources
India unlikely to import US genetically modified agricultural items under trade deal: Sources

Indian Express

time17 minutes ago

  • Indian Express

India unlikely to import US genetically modified agricultural items under trade deal: Sources

During the ongoing trade negotiations, India is unlikely to agree to US demands to accept genetically modified (GM) agricultural products such as corn and soya, a source closely monitoring the talks has indicated. 'Some things are matters of principle. We can't import GM,' the source said in response to a query over the government's position on GM imports from the US. This assumes significance since agriculture remains one of the contentious issues between the two countries, and the United States Trade Representative (USTR) has previously flagged restrictions on its GM products by countries as discriminatory. 'The Food Safety and Standards Act of 2006 includes specific provisions for regulating food products derived from genetically engineered (GE) sources; however, as of December 31, 2024, the FSSAI was still in the process of establishing its regulations. India's biotechnology approval processes are slow, opaque, and subject to political influences, and do not appear to take into account science-based approval processes for GE products in exporting countries,' the USTR report had said. While India is seeking greater market access for its textiles, leather and footwear, the US is pushing for access to India's agricultural and dairy markets — a major hurdle, as Indian farmers often operate on small land parcels with limited technological support. In contrast, the US has demanded that India should drop its GM regulation. There is significant resistance to genetically modified (GM) crops in India. Only one GM crop — Bt cotton — is approved for cultivation. No GM food crop is commercially grown, although experimental trials continue. However, imports of GM soybean oil and canola oil are permitted. A 2013 report by the European Network of Scientists for Social and Environmental Responsibility (ENSSER) emphasised that many studies deeming GM foods safe were industry-funded, and that long‑term, independent studies were lacking. New Delhi‑based think tank GTRI said: 'Environmental studies have shown that widespread use of Bt crops can lead to pest resistance, such as in the pink bollworm, and pose risks to non‑target species such as monarch butterflies, as suggested in a 1999 Nature study. Additionally, the overuse of glyphosate with herbicide-tolerant GM crops has led to 'superweeds' and increased herbicide use.' The GTRI said that GM and non‑GM crops may intermingle at various stages of the supply chain — during transport, storage or processing. 'Once GM material enters, there is a high risk it could leak into local farming systems or processed food chains, posing risks to food safety, environmental integrity, and India's export reputation — especially in GM‑sensitive markets such as the EU,' the think tank warned. It said the import of GM products, such as animal feed, could negatively affect India's agricultural exports to the EU, which enforces strict GM-labelling rules and faces strong consumer opposition to GM‑linked products. Although GM feed is permitted, many European buyers prefer fully GM‑free supply chains. India's fragmented agri‑logistics and lack of segregation infrastructure increase the likelihood of cross‑contamination and trace GM presence in export consignments. This could result in shipment rejections, higher testing costs, and erosion of India's GM‑free image, particularly in sectors such as rice, tea, honey, spices and organic foods, the GTRI said. Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More

CM Fadnavis directs formation of committee to explore use of solar power in textiles sector
CM Fadnavis directs formation of committee to explore use of solar power in textiles sector

Hans India

time17 minutes ago

  • Hans India

CM Fadnavis directs formation of committee to explore use of solar power in textiles sector

Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Saturday directed the establishment of a committee comprising the textiles and energy departments to explore the use of solar power in the textiles sector to solve the power supply-related problems. Further, he instructed that a uniform criterion should be set for providing financial assistance to new cooperative spinning mills under the Social Justice, Tribal Development and Other Backward Classes Welfare Departments, saying that each department should make additional provision for the spinning mills under their jurisdiction. He chaired the review meeting of the textiles department, which was attended by Textiles Minister Sanjay Savkare, Legislative Council member Amrish Patel and senior officers from various departments. CM Fadnavis said that while extending the interest subsidy scheme on loans to cooperative spinning mills, they should be modernised and graded. A report should be prepared on the reopening of closed mills under the National Textile Corporation in the state. On that basis, action should be taken to submit a proposal to the Central Government for the reopening of closed mills. 'Necessary amendments should be made in the Integrated and Sustainable Textile Policy 2023-28. Along with this, a policy should be prepared regarding the recovery of government dues from cooperative spinning mills and cooperative power loom institutions. Further, the process of registering all power looms in the state should be completed. The process of obtaining a no-objection certificate from the Maharashtra State Khadi Village Industries Board for the repair of the building used by the Silk Directorate in Pune and the creation of other facilities should be completed immediately,' instructed CM Fadnavis. He also reviewed various issues relating to the creation of a new Maharashtra State Textiles Development Corporation, merger of Textiles Commissionerate and Silk Directorate to form Textiles and Silk Commissionerate, plan to allow sale of additional land from cooperative spinning mills, preparation of a new scheme for providing rehabilitation loans to spinning mills and a scheme for leasing spinning mills, action to revise the project report value of cooperative spinning mills from Rs 80.90 crore to Rs 118 crore and permanent acquisition of leased land from the Red Cross Society at Wai in Satara district for the District Silk Office.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store