5 government schemes that you can consider investing in

5 government schemes that you can consider investing in

1. Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana (SSY) is for girls under 10 years of age, this scheme gives 8.2% interest with tax-free maturity. Contributions up to ₹1.5 lakh are tax-deductible under Section 80C.

2. Public Provident Fund (PPF)

A safe, long-term savings option with a 15-year lock-in. Offers 7.1% interest and tax-free returns. Investments up to ₹1.5 lakh qualify for tax deductions under Section 80C.

A market-linked retirement plan for ages 18-70. Offers tax benefits up to ₹1.5 lakh under Section 80C and ₹50,000 under Section 80CCD(1B).

3. National Pension Scheme (NPS)

4. Senior Citizen Savings Scheme (SCSS)

For people above 60+, SCSS offers 8.2% interest with a 5-year term, extendable by 3 years and tax benefits under Section 80C.

5. Sovereign Gold Bonds (SGB)

A gold investment by RBI with 2.5% annual interest along with the gold appreciation and tax-free maturity after 8 years.

6. How to choose the right option for you?

Consult a qualified financial advisor to choose the right option.