5 Post Office Savings Schemes for Women and their Benefits
Saving April 10, 2025
Siddhi Sharma, CFP®
Money Coach, Lxme } NISM Certified
In our Lxme community, we often get questions from women like: Where should I save my money where it will be safe & offer guaranteed returns? For all those ladies this blog is for you.
The Indian Post Office offers a variety of savings schemes designed to help women build wealth securely and steadily. Let’s explore different post office saving schemes for women.
Post Office Savings Schemes are some of the safest investment options available in India. They are backed by the Government of India, ensuring safety & fixed returns. These schemes are ideal for women who want to diversify their investments against savings schemes that offer guaranteed returns.
5 Post Office Savings Schemes for Women
1. Recurring Deposit (RD)
Recurring deposits allow you to invest a fixed amount every month. It offers a fixed interest rate, currently around 6.7% per annum (subject to change), with interest compounded quarterly. The minimum investment amount is ₹100, and the maturity is 5 years.
This makes RD an ideal option for those looking to cultivate a disciplined savings habit while earning fixed returns.
2. National Saving Certificate (NSC)
The National Savings Certificate (NSC) is a savings scheme backed by the Government which is offered by India Post. These certificates earn fixed interests to provide stable and long-term income. The current interest rate is 7.7% p.a. compounded annually, however, it does not beat inflation over the long term.
3. Public Provident Fund(PPF)
PPF is a government-backed savings scheme offered by post office which is open to Resident Indians, parents can open an account on behalf of their child. It offers a fixed interest rate, currently at 7.1% p.a. which is compounded annually, and it’s revised every quarter by the government. PPF has a maturity period of 15 years, providing a secure investment option for long-term savings. However, it cannot beat inflation over the long term.
4. Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana is a government investment scheme in India, offered by post office
aimed at supporting the financial future of girl child which will help parents save for their daughter’s higher education and other expenses. The current interest rate is 8.2% p.a. compounded annually, however, it cannot beat inflation over the long term.
5. Post Office Monthly Income Scheme (POMIS)
POMIS offers a fixed interest rate, currently around 7.4% per annum (subject to change), making it an ideal option for individuals seeking stable returns. The minimum investment amount is ₹1,000, while the maximum limit is ₹9 lakh for a single account and ₹15 lakh for a joint account. This scheme is best suited for those who want regular income while keeping their capital secure.
As we have seen different post office schemes for women and understood that these schemes are safe and reliable, it’s always smart to diversify your investments. Don’t let your money sit in just one place. By investing across different asset classes like equity, debt, gold, and fixed-income options, you can strike the perfect balance between managing risk and growth. A well-diversified portfolio not only protects you from unexpected risks but also unlocks the potential to build long-term wealth. Because true financial power lies in making your money work smartly, not just safely.
You can start investing in equity, debt & gold through mutual funds starting with just Rs.100 on the Lxme app. All the mutual fund portfolios offered on the Lxme app are diversified, well-researched, and curated by experts.
FAQs
How can women maximize returns by utilizing these post office savings schemes?
Post Office savings schemes offer interest in a range of 6-8%which is not sufficient to beat inflation. To maximize returns, women should diversify by also investing in equity mutual funds, which offer inflation-beating growth. A balanced mix of fixed-income, equity and gold investments ensures long-term financial success.
Which eligibility criteria and application steps are involved for these schemes?
Eligibility varies by scheme, but generally, Indian residents can apply. Some schemes, like Sukanya Samriddhi Yojana, are for girl children, while SCSS is for senior citizens (60+ years).
Further read:
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