Postal schemes are a group of deposit and investment instruments that aim to promote small savings among citizens. They offer attractive interest rates, tax-saving benefits on selected products, and guaranteed returns. Managed by the Department of Posts, these schemes cater to a wide range of financial goals including regular income, retirement planning, and long-term savings.

Types of Postal Schemes

• Post Office Savings Account : Functions like a regular savings account
• Recurring Deposit (RD) : Monthly deposit scheme with 5-year tenure
• Time Deposit (TD) : Fixed deposit for 1, 2, 3 or 5 years
• Monthly Income Scheme (MIS) : One-time deposit with monthly interest payout
• Senior Citizens Savings Scheme (SCSS) : Exclusive for individuals above 60
• Public Provident Fund (PPF) : Long-term 15-year investment with tax benefits
• National Savings Certificate (NSC) : 5-year savings bond for fixed return
• Kisan Vikas Patra (KVP) : Doubles the investment within a fixed period
• Sukanya Samriddhi Yojana (SSY) : For girl child below 10 years

Key Features

• Government-Backed Security : All schemes are supported by the sovereign guarantee, ensuring capital protection and assured returns.
• Wide Accessibility : Available at every post office, making them accessible in both urban and remote areas.
• Flexible Investment Options : Suits varied financial goals – from monthly income to long-term wealth building.
• Tax Benefits : Select schemes offer deductions under Section 80C and tax-free interest.
• Nomination Facility : Easy nomination process to secure your investment for beneficiaries.
• Affordable Entry :  Most schemes require a low minimum deposit to start, making them suitable for all income groups.

Postal schemes are dependable and regulated saving instruments for those looking to invest with confidence and consistency. Whether you're planning for your child’s future, your retirement, or simply looking to earn stable returns, these schemes offer trusted options tailored to different financial needs.