Best Investment Schemes: Start with Just Rs.250 and Get Returns Worth Lakhs!

If you confused as to where to invest your hard earned money, don’t worry! We are providing you with information that will put you on the route to prosperity - so here is how to get wealthy. To start with, you do not require a large sum.

An investment of just Rs.250 can help you get lakhs of rupees! Read on to know how?

Best Saving Options In India:

In this article we have compiled the list of 5 Best savings & Investment Options in India

Mutual Fund

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

Anybody can invest in Mutual Funds. With a monthly investment of Rs.500 over a 15-year period at a 10% interest rate, you may earn Rs.2 lakh. You can raise your investments based on your requirements. You may make Rs.1.10 lakh for an investment of Rs.90000. MF can be purchased online.

PPF (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.

PPF, or Public Provident Fund, is a popular small-savings investment option. This scheme has a locking period of 15 years. Income tax benefits are available on investments up to Rs.1.5 lakh per year. In addition, interest income is tax-free. You can open a PPF account in your children's name. The current interest rate on this scheme is 7.1 per cent.

SSY ( Sukanya Samridhi Yojana)

Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl child. The scheme encourages parents to build a fund for the future education and marriage expenses for their girl child.

Another small-scale saving scheme Sukanya Samridhi Yojana (SSY) is also quite popular, and an account can be opened at just Rs.250. Income tax benefits are available on investments up to Rs.1.5 lakh per year. Up to 10 years, a girl child's account can be created. The investments can be made up to 18 years of age.

NSC ( 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.

NSC is a well-known scheme run by India Post. You may purchase certificates in denominations of Rs.100, Rs.500, Rs.1000, and Rs.5000. The investment period is for 5 years, with a current interest rate of 6.8 percent. Income tax benefits can be availed under Section 80C.

Post Office Savings Account

The post office savings account is a deposit scheme provided by the post office throughout India. The account provides a fixed interest rate on the account balance.

It is a beneficial scheme for individual investors who wish to earn a fixed rate of interest by investing a significant portion of their financial assets.

You can open an account in any of the post office branch. The interest income up to Rs.10000 is tax free. An account can be opened even in the name of a child. The interest rate on such accounts is 4 per cent