2 Post Office Schemes that gives you 8 Percent Interest Rate

In this article, we give you 2 Post Office Schemes that gives you 8 Percent Interest Rate. Indian post office gives us various outstanding schemes. Most of the schemes give us the interest rate ranging from 4 to 8.3 percent. However, only 2 post office schemes that give you 8 percent interest rate. In this article, we are going to talk about these 2 schemes.

List of 2 Post Office Schemes that gives you 8 percent Interest Rate

1. Senior Citizen Savings Scheme

The Senior citizen savings scheme is one of the best saving schemes for those whose age crosses 60. In this scheme, the maximum investment limit is 15 lacs. Moreover, The maturity period is 5 years. One can open more than one account in this saving scheme if they fulfill the criteria. Moreover, if you want to transfer your account from one post office to another then you can easily do so. This scheme gives you the interest rate of 8.3%. Moreover, when the maturity period is over, you can extend this scheme for more 3 years. Senior Citizen Savings scheme comes under the income tax deduction section 80C.

2. Sukanya Samridhi Scheme

Under this scheme, one can deposit a minimum of 1000 as well as a maximum of 1,50,000 rupee per year. However, this scheme is only for girls. The parent of a girl can open an account under this scheme. Moreover, One can open an account under Sukanya Samridhi Scheme till the end of 10 years from the date of birth of the girl. However, the account closes when the age of girl become 21 years.

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