In the Corona era, people are most concerned about where to invest. Where will you get the best interest? People often compare interest to banks in such cases, but that is not enough. Along with the bank, there are many other places where there is strong interest. Let us tell you today about 4 such places from where you can get up to 7 percent interest (4 places to invest safely and get high-interest rates) even in the corona period.
List Of Places Where You Can Invest
These are the places from which not only guaranteed strong returns but also your money is completely safe.
1. Kisaan Vikas Patra
Interest rates on Kisan Vikas Patra are available at 6.9%. The amount doubles in 124 months according to the current interest rate. Mainly it is a post office scheme, so the calculation of interest rate is quarterly. Meaning the interest rate is fixed every 3 months. The interest rate for the March quarter was 7.7 percent and at that time it was doubling in 112 months. The interest rate was also 7.7 percent in the December 2019 quarter.
2. Post Office Monthly Scheme
If you invest money in the post office monthly scheme, then you will get interest of up to 6.6 percent, which is paid on a monthly basis. If you compare it with banks like HDFC, ICICI, and SBI, then it is up by 1.1 percent. The maximum interest available in these banks is only 5.5 percent. Up to Rs 4.5 lakh can be kept in this account, while the maximum limit in a joint account is up to Rs 9 lakh.
3. National Saving Certificate
It gets very good interest from 5.5 percent of public sector banks. National Savings Certificate offers up to 6.8 percent interest. Apart from this, by investing in National Saving Certificate, you get the benefit of exemption under Section 80C of Income Tax. There is no maximum limit. Its maturity period is 5 years.
4. Saving Account Of IDFC Bank
Right now 7 percent interest is being given by IDFC Bank. If you open a savings account in this, you will get a lot of benefits. Also, tax exemption is also available on saving bank account up to Rs 10 thousand interest. Deposit in this bank is AAA-rated, so it can be considered safe to invest in it. Among banks, IDFC Bank’s savings account is getting the most interest.