Top Best Government Investment Schemes

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Top Best Government Investment Schemes: Many schemes have been run by the Government of India and many have come recently. You do not have to take any risk by investing in these schemes. All these plans are safe. Some of these schemes offer very good interest rates.

Here are some schemes that will keep your money safe:

1. Atal Pension Yojana (APY)

Atal Pension Yojana is an annuity focused for the most part focused on the unorganized sector sloppy area like house cleaners, daily workers, conveyance young men, works and so forth This plan supplanted the past Swavalamban Yojana which wasn’t acknowledged well by individuals.

READ| Atal Pension Yojana-APY Scheme Eligibility, Apply & Benefits

The goal of the scheme is to ensure that no worry about any illness, accidents or diseases in old age, giving a sense of security. Private-sector employees or employees working with such an organization that does not provide them pension benefit can also apply for the scheme. There is an option of getting a fixed pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000, or Rs 5000 on attaining an age of 60.As per the investment pattern laid down by the government of India, the collected amount under the scheme is to be managed by the Pension Funds Regulatory Authority of India (“PFRDA”) read more.

How to Apply for Atal Pension Yojana

Step 1: All nationalized banks provide APY scheme. You can visit any banks to start your APY account.

Step 2: Atal Pension Yojana forms are available on PFRDA official site and at the bank.

Step 3: Fill up the application form.

Step 4: Submit it to your bank.

Step 5: Sent a confirmation message when the application is approved.

2. Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan Dhan Yojana or PMJDY was launched by the Indian government to provide basic banking services to Indians like savings account, deposit account, insurance, pension etc. The aim of the Government of India is to uplift the poor and needy section of our society by providing easy access to financial services like savings and deposit accounts, remittance, insurance, credit, pension. The minimum age limit for a minor in this scheme is 10 years. Otherwise, any Indian resident who is above 18 years of age is eligible to open this account. An individual can exit the scheme only after reaching the age of 60 years.
Under this scheme, a Basic Savings Bank Deposit (BSBD) account can be opened at any bank branch or Business Correspondent (Bank Mitra) outlet, who do not have any other account.

How to Apply for Pradhan Mantri Jan Dhan Yojana

All nationalized banks provide PMJDY account scheme.
You can visit any banks to start your PMJDY account.
Fill up the application form.
Submit it to your bank.
Sent a confirmation message when the application is approved.

3. Sukanya Samriddhi Yojana (SSY)

Top Best Government Investment Schemes: The Sukanya Samriddhi Yojana scheme was launched by the Indian government with an aim to encourage all the parents to secure the future of their daughters. This scheme was launched in the year 2015 by the Prime Minister of India Narendra Modi under the ‘Beti Bachao, Beti Padhao’ campaign. This scheme is targeted for minor girl child. SSY account can be opened in the name of the girl child at any time from her birth till the age of 10 years and can take advantage of this scheme. The minimum investment amount for this scheme is INR 1,000 to a maximum of INR 1.5 Lakh per annum. Sukanya Samriddhi Yojana is operational for 21 years from the date of opening.

How to open Sukanya Samriddhi Yojana account

All nationalized banks and Post Office provide Sukanya Samriddhi Yojana account scheme.
You can visit nearest any banks and Post office.
Fill up the application form for Sukanya samriddhi yojana.
Submit it to your bank/Post Office.
your account will immdetely open.

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4. Prime Minister Vaya Vandana Yojana PMVVY

Prime Minister Vaya Vandana Yojana: This investment scheme is for senior citizens above 60 years of age by the Government of India. The scheme is known to give a guaranteed return of around 7.4 per cent per annum to the participant. The scheme provides access to the pension scheme payable on monthly, yearly and quarterly basis. The minimum amount that can be received as pension under this scheme is INR 1000.

How to Apply for Prime Minister Vaya Vandana Yojana

Online procedure:

Log onto the official website of LIC.
Select ‘pension plans’ under products and proceed.
Fill the application form.
upload the documents as requested.
Submit the online application.

Offline Procedure

Collect the application form at any of the LIC branches.
fill the application form.
attaching all relevant documents.
Submit the filled application.

5. National Pension Scheme (NPS)

Top Best Government Investment Schemes: National Pension Scheme or NPS is one of the famous schemes offered by the Government of India which we all know. It is a retirement savings scheme that is open to all Indians, but is mandatory for all government employees. The objective of NPS is to provide retirement income to the citizens of India. Indian citizens and non-resident Indians in the age group of 18 to 60 can subscribe to this scheme whenever they want. Under the NPS scheme, you can allocate your funds in equities, corporate bonds and government securities. Investment up to Rs 50,000 can be deducted under section 80CCD(1B). Additional investments up to INR 1,50,000 are tax deductible under section 80C of the Income Tax Act.

How to apply for national pension scheme

You can complete your Registration using Aadhaar, PAN

Registration by Aadhaar

Goto the NPS official website then tab on Register.
An “Online Subscriber Registration” form will pop up.
Fill in all the details and click on the Generate OTP tab.
Contribution to your NPS account.
After making the payment, a Permanent Retirement Account Number (PRAN) will be allotted to you. After which within a few days.
You will receive a welcome kit from the PFRDA.

Registration by PAN

Goto the NPS official website then tab on Register.
An Online Subscriber Registration form will pop up.
Fill the form and in the Choose options Permanent Account Number (PAN) button.
Next enter your PAN number and select your bank.
upload your scanned photograph and signature.
KYC verification.

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6. Public Provident Fund (PPF)

Public Provident Fund or PPF is also one of the oldest retirement schemes launched by the Government of India. The amount invested, the interest earned and the amount withdrawn in this scheme are all tax free. Under this scheme, Public Provident Fund is not only safe but can also help you save tax at the same time. The current interest rate of the scheme (FY 2020-21) is 7.1% per annum. In PPF, a tax deduction of up to Rs 1,50,000 can be claimed under Section 80C of the Income Tax Act, which allows you to save as well. Since PPF has a longer tenure of 15 years for investment, the overall effect of compound interest which is tax-free becomes significant, especially during the later years. Moreover, as the interest is earned and the principal invested is backed by the respective sovereign guarantee, the scheme is known to be a safe investment. It is important to note that the overall rate of interest on PPF is reviewed every quarter by the Government of India.

How to apply for Public Provident Fund (PPF)

Top Best Government Investment Schemes

Visit the bank or Post Office where you wish to open the account.
Fill up the PPF application form with relevant information.
submitted all the relevant documents along with the application.
Submit the documentation to the bank or Post Office.

7. National Savings Certificate (NSC)

Top Best Government Investment Schemes: National Savings Certificate or NSC has been started by the Government of India to promote the habit of savings among Indians. NSC provides guaranteed returns and carries practically no risk. The minimum investment amount for this scheme is INR 100 and there is no maximum investment amount. It comes with a fixed maturity period of 5 years. The interest rate of NSC keeps on changing every year. The interest rate of NSC for FY 17-18 is 6.8% per annum. A person can claim a tax deduction of Rs 1.5 lakh under section 80C of the Income Tax Act. Only residents of India are eligible to invest in this scheme and can take advantage of it.

National Savings Certificate (NSC) from Post Ofiice

Post Office provide National Savings Certificate.
You can visit nearest any banks and Post office.
Fill up the application form for National Savings Certificate.
Submit it.

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8. Sovereign Gold Bonds

The Sovereign Gold Bonds were introduced by the Government of India in November 2015. The given investment scheme by the Government of India is aimed at offering the investors a lucrative alternative to own and save gold. Moreover, the given scheme is known to belong to the category of Debt fund. Sovereign Gold Bonds or SGBs not only help in tracking the overall Import-export value of the given asset, but also helps in ensuring transparency throughout. SGBs refer to government-based securities. Therefore, these are regarded as completely safe. SGB is exempt from making charges and purity and also eliminates the risks and cost of storage. . The respective value gets denominated in multiple grams of gold. As it serves to be the safest substitute for physical gold, SGBs have witnessed immense popularity amongst the investors. The bonds can be held in demat form and TDS is not applicable.