(Last Updated: May 28, 2019)
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Saving Schemes in India: Best Government Investment Scheme List 2019

  • There are a number of Government Saving schemes and policies in India to benefit the investors.
    Such saving and investment schemes provided by Government of India enable general public to start investing and gain profits. These are average return schemes with a low to no risk policy.

    The benefits of investing under these saving schemes is that along with investment, an individual can claim tax exemption benefit under Section 80C up to Rs.1.5 Lac of The Income Tax Act.
    So, you get a combination of: Investment + Tax benefits

    Best Government Saving Schemes in India:

    Let me take you through a 3 most popular investment schemes in India:

    1. Public Provident Fund (PPF):
    Similar to Employee provident Fund, PPF is an investment scheme launched by the provident Fund department (EPFO). The average return for last 5 years under this scheme is 7-8%. The current PPF interest rate for quarter beginning Apr'19 is 8% p.a. The lock-in period is 15 years and this a a fairly long term investment scheme.

    2. National Pension Scheme (NPS):
    This is an initiative taken by government to provide a pension support to individual on retirement. These is a long term investment and can be withdrawn only at the age of 60 yrs.

    3. Sukanya Samriddhi Yojana (SSY):
    SSY was introduced to promote and encourage welfare of the girl child. SSY account can only be opened by a legal guardian of the girl child whose age is less than 10 years. The account has tenure of 21 years and can be opened with as low as Rs. 1000. The average return over the period is 7-8%.

    So, these are the most preferred Govt. saving schemes in India, as per my knowledge. Do you have any other saving or investment schemes in India that need to be listed here? Feel free to add details on the same.

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