How To Save Through Post Office Investment Schemes

The Indian homemaker is apt at savings. However, the mommies do face a dilemma as to where to invest the saved amount. Banks become a hassle with the kind of formalities increasing day by day. Also tax issue is there. And for those women who do not want to disclose the savings to the family, bank is not an option at all. To provide a solution to this problem, the post office offers a wide range of saving options especially designed for homemakers. At the current interest rates prevailing in the market, they offer a better deal. Either options of monthly investment or a lump sum amount is available.


The following investment options are available:

1. Recurring Deposit: The tenure is for 5 years. You have to deposit a fixed sum every month on the fixed date or before. The interest rate is 7.1% with quarterly compounding. What that means is if you are investing Rs. 1000 per month for 5 years at the above interest rate, your maturity value would be RS.72500.


2. National Savings Certificate: The tenure is for 5 years.  Every deposit is treated as a separate investment and a certificate is issued for the same. There is no requirement of a monthly deposit. Rate of interest is 7.8% for 5 years, i.e. if you invest Rs. 10000, at the end of 5 years you will get Rs. 14693. I strongly recommend investment in this for the mothers and wives.


3. Kisan Vikas Patra: This is also one time investment. NO monthly investment is required. The time period is 115 months, i.e. 9.6 years. Rate of interest is 7.5%. Amount will double at the end of the period. Rs. 10000 invested will mature as Rs. 20000.


4. Sukanya Samriddhi Account: This account is specifically for the girl child. Rate of interest is announced every year by the Government of India. The current year Rate of Interest is 8.3%. This account can be opened in the name of the girl child upto 10 years of age. It will be closed when she turns 21. The account can also be closed anytime post 18 years provided the girl child is married. Since you cannot withdraw money prior to the closure this ensures you have the sum when it is required.


So mommies, go ahead and make use of this secured investment place.


This article is an entry for BLOG-A-THON.


Also read: Why Investment Through Post Office is Beneficial For The Indian Homemaker

Explore the entire collection of articles: Real Mom Stories



#savingschemes #postofficeinvestmenets #financialplanning #blogathon

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Comments (28)

Priyanka Maheshwari@Momzjourne

Prachi Shiny Vincent nancy singh Sonam patel Sheeba Vijesh Khushboo Chouhan asha chaudhry Sheeba Vijesh Dhara Popat Rakhi Puri (beautyofmommying) Sonam patel Roopashree Siddireddy Nasreen Mansoor Shruti Giri Sumira Bhatia Naiyya Saggi Neha Agarwal Priya Sood Prisha Lalwani (Mummasaurus) Charu Sareen Gujjal(TheMomSagas) Aradhana Sharma Ankita Popli Dr. Shilpitha Shanthappa Sweta NagubandiShruti Giri Sonam patel nancy singh Pooja Harneet Khurana Sony (Amrita) Bhrukuti Mistry @manvibhandari

Roopashree Siddireddy

This is just in time... I guess. every mom should know this.

Shruti Giri

I can't explain you how helpful this is for me right now...thanks for writing this...soon I am going to spam your inbox with lots of questions regarding this😂😂 hope you don't mind

Priyanka Maheshwari@Momzjourne

@Shrutigiri.. would love to get spammed..😊

Akshaya Naresh

This is so well written.

Priya Sood

Thank u!!!

Priyanka Maheshwari@Momzjourne

Thanks to u @priyasood

Sumira Bhatia

Wow!! Very helpful

Nasreen Mansoor


Nisha Dayal

Very; helpful; bookmarked and shared

vaishali makwana

Hello all glad to read dis post bcoz I m an employee in post office. Investment in recurring deposit scheme is very beneficial

Priyanka Maheshwari@Momzjourne

They r really beneficial vaishali... but our; generation doesn't use post offive much.. they should actually


Very helpful


nice written .I m working in post office nice to see these things


This is so well written.

Manisha Sharma

Very helpful👌

Police A S I

Plz mention the amount to be deposited for sukanya samridhi

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