2024's Top 5 Government Investment Schemes with 0% Risk | Risk-Free Investment | Josh Money
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2024's Top 5 Government Investment
2024's Top 5 Government Investment Schemes with 0% Risk | Risk-Free Investment | Josh Money
Welcome to Josh Money!
In this video of Josh Money, we will be talking about Top 5 Government Investment Schemes.
In this video, we have discussed about those government schemes which gave us Best Returns with Low Risk.
We have discussed about Sovereign Gold Bonds. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold. With these bonds, you can enjoy capital appreciation and also earn interest every year. These bonds, issued by the Government of India, also eliminate several risks associated with physical gold.SGBs, government securities denominated in grams of gold, are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bonds are issued by the RBI on behalf of the government.
SGB is a favored route for the government to convert all gold investments into a digital mode, it will help keep the deficit under control, and provide support to the currency.
Next scheme which we discussed is, NPS or National Pension Scheme. National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.
Earlier, the NPS scheme covered only the Central Government employees. Now, however, the PFRDA has made it open to all Indian citizens voluntarily.
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. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
Last scheme which we discussed is, NSC or 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.
A fixed-income instrument like the Public Provident Fund and Post Office FDs, this scheme too is a low-risk fixed-income product. You can buy it from the nearest post office in your name, for a minor or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 6.8% per annum. The interest rate is revised regularly by the government.
Sovereign Gold Bonds - Sovereign Gold Bond Scheme 2024 | How...\
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Follow Josh Money on Instagram: Instagram: joshmoneylive
#GovtSchemes #InvestmentSchemes #Investing #JoshMoney #PPF #NPS #SGB #NSC #APY
Welcome to Josh Money!
In this video of Josh Money, we will be talking about Top 5 Government Investment Schemes.
In this video, we have discussed about those government schemes which gave us Best Returns with Low Risk.
We have discussed about Sovereign Gold Bonds. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold. With these bonds, you can enjoy capital appreciation and also earn interest every year. These bonds, issued by the Government of India, also eliminate several risks associated with physical gold.SGBs, government securities denominated in grams of gold, are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bonds are issued by the RBI on behalf of the government.
SGB is a favored route for the government to convert all gold investments into a digital mode, it will help keep the deficit under control, and provide support to the currency.
Next scheme which we discussed is, NPS or National Pension Scheme. National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.
Earlier, the NPS scheme covered only the Central Government employees. Now, however, the PFRDA has made it open to all Indian citizens voluntarily.
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. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
Last scheme which we discussed is, NSC or 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.
A fixed-income instrument like the Public Provident Fund and Post Office FDs, this scheme too is a low-risk fixed-income product. You can buy it from the nearest post office in your name, for a minor or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 6.8% per annum. The interest rate is revised regularly by the government.
Sovereign Gold Bonds - Sovereign Gold Bond Scheme 2024 | How...\
Atal Pension Yojana - APY Details & Interest Rates | APY Be...
Public Provident Fund - PPF Account in Post Office | Public P...
National Savings Certificate - NSC Post Office Scheme In Hindi | Nat...
National Pension Scheme - Which Is Better National Pension Sche...
Follow Josh Money on Instagram: Instagram: joshmoneylive
#GovtSchemes #InvestmentSchemes #Investing #JoshMoney #PPF #NPS #SGB #NSC #APY
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