NO Risk Government Investment Schemes | Best Investment Plan For Monthly Income | Risk Free Schemes | Josh Money
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In this video of Josh Money, Vidushi Chhabra is talking about Top 5 Government Investment Schemes.
In this video, we have discussed about those government schemes which gave us Best Returns with Low Risk.
First Scheme, we discussed about Sovereign Gold Bonds. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold. With these bonds, you can enjoy capital appreciation and also earn interest every year. These bonds, issued by the Government of India, also eliminate several risks associated with physical gold.SGBs, government securities denominated in grams of gold, are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bonds are issued by the RBI on behalf of the government.
SGB is a favored route for the government to convert all gold investments into a digital mode, it will help keep the deficit under control, and provide support to the currency.
Next scheme which we discussed is, NPS or National Pension Scheme. National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.
Earlier, the NPS scheme covered only the Central Government employees. Now, however, the PFRDA has made it open to all Indian citizens on a voluntary basis.
Next Scheme is, Post Office Monthly Income Scheme or MIS Scheme.
Post Office Monthly Income Scheme (POMIS) is one of the most popular risk-free post office saving schemes where an investor can invest with a minimum deposit of ₹1,000. Middle and low income group investors can look at this Post Office MIS scheme as tax-saving option as well because one can claim income tax exemption under Section 80C of the Income Tax Act on one’s investment in this scheme. It has a lock-in period of 5 years and Post Office Monthly Income Scheme interest rate will remain unchanged throughout the investment period. Means, return on Post Office Monthly Income Scheme is guaranteed and an investor would get return on one’s money as per the Post Office Monthly Income Scheme interest rate at the time of investment.
Next Scheme is, PPF or Public Provident Fund.
Public Provident Fund (PPF) scheme is a long term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
Last scheme which we discussed is, NSC or National Savings Certificate.
The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax.
A fixed-income instrument like Public Provident Fund and Post Office FDs, this scheme too is a low-risk fixed-income product. You can buy it from the nearest post office in your name, for a minor or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 6.8% per annum. The interest rate is revised on a regular basis by the government.
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Sovereign Gold Bonds: https://youtu.be/8q1CFMICftU
Post Office Monthly Income Scheme: https://youtu.be/5kfa6786lR8
National Pension Scheme: https://youtu.be/lrLOGNT76gE
NPS Tax Benefits: https://youtu.be/WCOgUXdgRxU
NPS Calculator: https://youtu.be/_5MIeFSdcc4
Public Provident Fund: https://youtu.be/0rgHJS0-FPc
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Top 5 Government Investment Schemes with 0% Risk | Risk Free Investment | Safe Schemes | Josh Money
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