Make Diwali Bonus Wealth: 5 cool schemes of Post Office, where you will get guaranteed government interest up to 7.7%

The bonus received by employees and businessmen on the holy festival of Diwali is not just to be spent on shopping or crackers, but it is a great opportunity to secure your future financially. If this festive bonus is kept away from market risks and invested in schemes with 100% safe and guaranteed returns, it can become a huge fund in a few years. Small savings schemes of Indian Post Office are backed by the Central Government (Sovereign Guarantee), where the security of your every penny is completely guaranteed by the Government. Currently there are many post office schemes ranging from 7.1% 7.7% per annum They are giving strong interest upto Rs. If you have received a bonus of ₹25,000, ₹50,000 or more than ₹2 lakh this Diwali, then know the 5 best post office schemes where you can invest your money and earn huge profits.

If you want to get the most interest by depositing your bonus in lump sum for 5 years, then ‘National Savings Certificate’ i.e. NSC (NSC – VIII Issue) is the best option.

• Interest Rate: government on this 7.70% per annum It is giving attractive interest of Rs., which is calculated on the basis of compounded annually.

• Duration: Its lock-in period is 5 years.

• tax benefit: Under Section 80C of the Income Tax Act, tax exemption is available on amounts up to ₹ 1.5 lakh deposited in it. Additionally, the interest compounded every year for the first 4 years is automatically considered reinvested, thereby availing additional tax deduction under 80C on that interest.

• Profit accounting: If you invest your Diwali Bonus of ₹1,00,000 in NSC, then on maturity after 5 years you will get approx. without any risk. ₹1,44,903 You will get it, that is, a net profit of more than ₹ 44,900 will come directly into your pocket.

Like fixed deposits of banks, 5 year time deposit (TD) of post office is suitable for those who want to withdraw their interest every year.

• Interest Rate: on 5 year td 7.50% p.a. Interest is being given at the rate of Rs.

• Advantage of compounding: Interest is calculated on quarterly compounding basis, but it is paid into the investor’s savings account every year on an annual basis. Due to quarterly compounding, its effective annual return comes to around 7.71%.

• Tax Exemption: Tax deduction facility is also available on this 5 year TD under Section 80C. If you deposit a bonus of ₹50,000, you will get fixed interest of around ₹3,857 in your account every year and after 5 years your principal amount of ₹50,000 will be safely returned.

If you want your Diwali bonus to cover your minor household expenses, electricity bill or mobile recharge every month, then Monthly Income Scheme (MIS) is best suited for you.

• Interest Rate: on MIS 7.40% per annum A fixed interest of Rs. 1000 is given, which is paid every month.

• Duration and extent: This account is opened for 5 years. A maximum of ₹ 9 lakh can be deposited in a single account and a maximum of ₹ 15 lakh can be deposited in a joint account (husband and wife together).

• Earning Mathematics: If you deposit ₹1,00,000 bonus in MIS, you will get Rs. ₹616 to ₹617 Will be received directly into your savings account. If you invest ₹5,00,000, you will get approximately Rs. ₹3,083 The regular monthly pension like income will be fixed for the next 5 years. After completion of 5 years, your original capital is returned as is.

Kisan Vikas Patra (KVP) has been a trusted resource for decades for traditional investors looking to double their bonus money without any headaches.

• Interest Rate: government on this 7.50% p.a. Is giving compound interest of Rs.

• Maturity Period: Money deposited in KVP is fine 115 months (9 years and 7 months) It gets doubled (2X).

• USP: There is no maximum limit on investment in this and if needed, it can also be pledged as collateral to take a loan in any bank. If you invest ₹1,00,000 in bonus, after 115 months you will get the entire guaranteed maturity amount of ₹2,00,000.

If you want to create a secure fund of 15 years from your Diwali bonus for your retirement or children’s higher education, PPF is the most powerful vehicle.

• Interest Rate: currently on ppf 7.10% per annum ₹ interest is being received, which is calculated on annual compound basis.

• Triple Tax Exemption (EEE Status): The biggest USP of PPF is its ‘Exempt-Exempt-Exempt’ (EEE) status. In this, there is no income tax of even ₹ 1 on the amount invested (80C), the interest received every year and the entire maturity amount received after 15 years.

• Flexibility: In this, you can deposit minimum ₹ 500 to maximum ₹ 1.5 lakh in a year. You can grow your PPF account faster by adding ₹50,000 or ₹1 lakh of bonus.

It is very easy to open an account in any of these schemes in the post office. You can fill the account opening form by visiting your nearest post office.

• Required Documents: Self-attested copies of Aadhar Card and PAN Card, two passport size photographs and check or cash are required as proof of identity and address.

• Digital Feature: If you already have a savings account in the post office and have activated India Post Payments Bank (IPPB) or Net Banking, then you can open the account by directly transferring your bonus amount to NSC, TD or PPF through the mobile banking app while sitting at home. This Diwali, instead of spending your bonus, invest in these post office schemes and start making money with your money.