Dr Sudhir Kumar MD DM Profile picture
Apr 3 5 tweets 2 min read Twitter logo Read on Twitter
1. Many can benefit from these fixed return saving instruments

1. Senior citizen saving scheme: 8.2% interest
2. Sukanya Samriddhi yojana: 8% interest
3. Mahila Samman Saving certificate: 7.5% interest
4. Public provident fund: 7.1% interest
#FixedIncome #savings #investments
2. Senior citizen savings scheme

*For people aged >60 yrs
*Can invest from Rs 1000 to 30 lakhs
*Duration for 5 years (extendable by 3 years)
*Interest is paid quarterly on the 1st day of April, July, October and January
3. Sukanya Samriddhi yojana
*Account can be opened in the name of girl child below age 10
*Payment: Rs 250 to 1.5 lakhs per year for 15 years
*Maturity after 21 years
*Can be availed for maximum of two daughters per family
4. Mahila samman saving certificate
*Can be availed by girls and women
*Up to 2 lakhs can be deposited
*7.5% interest per year
5. Public provident fund
*Anyone can open an account
*Up to 1.5 lakhs per year can be deposited
*Maturity after 15 years, can be extended in 5-year intervals after that.

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