If you looking to invest in a beneficial Indian Government Investment Scheme and Plans, then you have landed on the right page. Read this article to know more about the best Investment Schemes under Government of India.
|
Government Investment Scheme and Plans |
Current Interest Rate | Lock in Period | Minimum Limit (Investment) |
Maximum Limit (Investment) |
| Atal Pension Yojana (APY) |
Variable |
Till Retirement |
Depending Upon Pension frequencies |
Depending Upon Pension frequencies |
| Kisan Vikas Patra (KVP) |
6.90 |
115 Months | Rs. 1,000 |
No maximum limit |
| National Pension Scheme (NPS) |
7.1 |
Till Retirement |
No maximum limit |
|
| National Saving Certificate (NSC) |
6.80 |
5 Years | Rs. 100 |
No maximum limit |
| Public Provident Fund (PPF) |
7.10% |
15 Years | Rs. 500 |
Rs. 1.5 Lakhs in a Financial Year |
| Senior Citizen Saving Scheme (SCSS) |
8.20% |
5 Years | Rs. 1,000 |
Rs. 15 Lakhs |
| Sukanya Samriddhi Yojana (SSY) |
8.0% |
21 Years | Rs. 250 |
Rs. 1.5 Lakhs in a Financial Year |
| Pradhan Mantri Jan Dhan Yojana (PMJDY) |
Depends on interest rate of the savings account |
No Lock | Zero balance account |
No maximum limit |
| Equity Linked Savings Scheme (ELSS) |
Depending Upon Market. |
Minimum- 3 Years.
Maximum- None |
Rs. 100/- Different for different ELSS funds |
No maximum limit |
| Mahila Samman Saving Certificate (MSSC) |
7.50% |
2 Years | Rs. 1000 |
Rs. 2 Lakhs |
1. Atal Pension Yojana (APY)
APY or Atal Pension Yojana is a pension scheme introduce by the government to assist all indian citizen so that they can earn a fixed income after they retire. It was effective from 01 June 2015 onwards. The main objective of APY is to provide guaranteed monthly pension to people of unorganized sector after the age of 60 years.
Basic Information of Atal Pension Yojana (APY)
- Pension Amount– Rs. 1000/-, Rs. 2000/-, Rs. 3000/-, Rs. 4000/-, Rs. 5000/-
- Age Limit– 18 years to 40 Years
- Exit Age- 60 Years
2. Kisan Vikas Patra (KVP)
Kisan Vikas Patra (KVP) is a saving scheme certificate that you can purchase from a Bank or Post Office. Kisan Vikas Patra is a low risk long term saving scheme that guarantees safe returns as it is completely government backed. In this scheme, the deposit amount gets doubled in 118 Months. The age of the scheme holder should be minimum of 18 Years.
Basic Information of Kisan Vikas Patra (KVP)
- Interest Rate– 7.50%
- Minimum Investment– Rs. 1000/-
- Maximum Investment– No Limit
- Maturity Period– 115 Months
3. National Pension Scheme (NPS)
National Pension Scheme (NPS) is a retirement scheme established by the Government of India for all Indian Citizens. It is completely administered and regulate by the PFRDA (Pension Fund Regulatory and Development Authority). The main aim of NPS is to provide pension throughout your retirement life.
Benefits of National Pension Scheme (NPS)
- There is no maximum limit on the invested amount.
- Section 80C of the ITA allows tax deductions for investments up to Rs. 1.5 lakh.
4. National Saving Certificate (NSC)
National Saving Certificate (NSC) is a complete government-backed scheme. The scheme can be available from the nearest post office with a minimum contribution of RS. 1000.
Benefits of National Saving Certificate (NSC)
- There is no age limit for the scheme holder.
- Tax benefit up to Rs. 1.5 lakhs can be availed under Section 80C of the Income Tax Act. 1961
- The plan offers a fixed return on investment higher as compared to FDs.
5. Public Provident Fund (PPF)
PPF stands for Public Provident Fund. PPF is a saving scheme established by the Central Government of India. It is safe, tax deductible investment with attractive returns that are fully exempted from Income Tax. It is a long term saving scheme.
Basic Information of Public Provident Fund (PPF)
- Tenure- 15 Years
- Interest Rate- 7.1% (Keep Changing)
- Investment Amount- Min Rs. 500 and Max Rs. 1.5 Lakh per annum
6. Senior Citizen Saving Scheme (SCSS)
Senior Citizen Saving Scheme (SCSS) is exclusively for Senior Citizens (aged 60 Years or more). This Scheme provides regular income on a quarterly basis. It is a complete government-backed scheme. The scheme can be available from the nearest post office, nationalized Bank and Private Sector Banks.
Basic Information of Senior Citizen Saving Scheme (SCSS)
- Tenure- 5 Years. You can be extended for further 3 Years.
- Interest Rate- 8.20% (Keep Changing)
- Investment Amount- Min Rs.1000 and Max Rs. 30 Lakh
7. Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana (SSY) is a saving scheme established by the Government of India. It is a “Girl Child Prosperity” Scheme and it aims mainly for the higher education and marriage of a girl child. This scheme was launched by the Government of India on 22 January, 2015.
Basic Information of Sukanya Samriddhi Yojana (SSY)
- Tenure- 21 Years from the date of investment.
- Interest Rate- 8.0% (Keep Changing)
- Investment Amount- Min Rs.250 and Max Rs. 1.5 Lakh per annum
8. Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan-Dhan Yojana is a government scheme launched by the government of India to provide easy access to financial services such as Remittance, Credit, Insurance, Pension, Savings and Deposit Accounts to poor and needy section of our society.
Basic Information of Pradhan Mantri Jan Dhan Yojana (PMJDY)
- Interest Rate- Based on the saving’s account interest rate offered by the bank
- Minimum Balance – Min Zero balance account
- Overdraft Facility- Provided
- Accidental Insurance Cover- Under Rupay Scheme, Rs.1 lakh. Accounts opened after 28 August 2018, Rs.2 lakh
9. Equity-Linked Saving Scheme (ELSS)
Equity-Linked Saving Scheme (ELSS), also known as tax saving funds, are a form of mutual funds. The investment amount upto Rs. 1.5 Lakhs in ELSS get tax deduction under Section 80C. The investment has a compulsory lock-in period of three years.
Basic Information of Equity-Linked Saving Scheme
- Interest rate- Rate is not fixed, depends on fund performance.
- Tenure- Minimum 3 years, no maximum tenure
- Minimum Investment- Rs. 100/- Different for different ELSS funds
- Maximum Investment- None
10. Mahila Samman Saving Certificate (MSSC)
The Mahila Samman Saving Certificate (MSSC) is a one time saving scheme for woman. It was announced by the Government of India in Budget 2023. The Scheme aim to empower women by increasing their participation in investments. This Scheme is available for investment for two years only, starting from 1st April, 2023 to 31st March, 2025.
Basic Information of Mahila Samman Saving Certificate (MSSC)
- Eligibility- Any woman (including minor)
- Interest Rate- 7.50%
- Minimum Investment- Rs. 1000/-
- Maximum Investment- Rs. 2,00,000/-
- Maturity Period- 2 Years
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