Best Long Term Investment Plans In Post Office

Saving money is easy when you know where to put it. The post office has many safe options for long term savings. These plans are backed by the Government of India. They give steady returns and peace of mind.

If you are looking for low risk choices, the post office is a strong place to start. Let’s look at the best long term investment in post office that can help you grow your savings.

1. Post Office Monthly Income Scheme (MIS)

This plan is for people who want steady income. You deposit a lump sum once. Then you get monthly interest.

• Minimum deposit is Rs.1,000.
• Maximum deposit is Rs.9 lakh for a single account.
• Joint accounts can go up to Rs.15 lakh.
• Interest is paid every month to your account.

It is good for retired people who need monthly income. It is also safe for anyone who wants regular returns.

2. National Savings Time Deposit Account

This is like a fixed deposit but with flexible terms. You can choose 1, 2, 3 or 5 years.

• Minimum deposit is Rs.1,000.
• No upper limit.
• Interest is paid yearly but can be taken quarterly.
• The 5 year deposit gives higher returns.

It is best for people who can lock their money for 5 years. If you want steady growth without market risk, this is a good choice.

3. National Savings Recurring Deposit

This plan is for small savers. You put a small amount every month. Over time it grows into a large sum.

• Deposit starts from Rs.100 per month.
• Tenure is 5 years.
• Interest is compounded quarterly.
• Premature withdrawal is allowed after 3 years.

This is good for students, workers and anyone who wants to build discipline in saving.

4. Public Provident Fund (PPF)

PPF is one of the most popular long term investment plans in post office. It gives tax benefits under Section 80C.

• Minimum deposit is Rs.500 per year.
• Maximum deposit is Rs.1.5 lakh per year.
• Lock-in period is 15 years.
• Interest is tax-free.

PPF is best for long term goals like children’s education or retirement savings. It is a safe way to build a strong fund over time.

5. Senior Citizens Savings Scheme (SCSS)

This plan is for people above 60 years. It gives higher interest than most bank deposits.

• Minimum deposit is Rs.1,000.
• Maximum deposit is Rs.30 lakh.
• Tenure is 5 years, extendable by 3 years.
• Interest is paid quarterly.

It is ideal for retirees who want safe and steady returns with a higher rate of interest.

6. National Savings Certificate (NSC)

This is a fixed return plan that also helps in tax savings.

• Minimum deposit is Rs.1,000.
• No maximum limit.
• Lock-in period is 5 years.
• Interest is compounded yearly and paid at maturity.

It is best for people who want safe savings along with tax benefits.

7. Kisan Vikas Patra (KVP)

This plan doubles your money in a fixed time. The current period is about 115 months.

• Minimum deposit is Rs.1,000.
• No maximum limit.
• Certificates can be transferred from one person to another.
• Premature encashment allowed after 2.5 years.

KVP is good for long term savers who want sure growth without market risks.

8. Sukanya Samriddhi Yojana (SSY)

This is for the girl child. Parents can open the account before she turns 10 years old.

• Minimum deposit is Rs.250 per year.
• Maximum deposit is Rs.1.5 lakh per year.
• Interest rate is higher than many other small savings plans.
• Account matures when the girl turns 21.

This is the best long term plan for securing your daughter’s future needs.

Why Choose Post Office for Long Term Investments?

Many people ask why they should pick the post office. The main reason is safety. All post office savings are backed by the Government of India. That means your money is not exposed to stock market ups and downs.

Post office also has wide reach. Even in villages, you will find a branch. This makes it easy for everyone to save and invest.

You can also use online services now. This makes deposits and withdrawals simple for tech-savvy users.

Tips Before Choosing a Plan

1. Check your goals. Do you want monthly income, or are you saving for the future?
2. Look at lock-in period. Some plans like PPF and SSY have long lock-ins. Be sure you can stay invested.
3. Use tax benefits. PPF, NSC and SSY give tax deductions under Section 80C.
4. Think of liquidity. If you may need money soon, go for deposits with shorter lock-ins.

Link to New SIP Registrations

While SIPs are common in mutual funds, many people also search for safe monthly saving options. Post office recurring deposits act in a similar way. You put in small amounts regularly, like a SIP. Over time, the power of compounding helps your money grow.

This shows that long term investment plans in post office can match the discipline of new SIP registrations but with lower risk.

Final Words

Post office schemes are safe, steady and trusted. They fit people who want peace of mind along with growth. From PPF to KVP, from MIS to SSY, there is a plan for every need.

If you want to grow wealth slowly and safely, post office plans are a smart choice. Decide based on your goals, lock-in comfort and tax needs. Over time, these plans will help you build a secure future.

Frequently Asked Questions About Best Long Term Investment Plans In Post Office