6 Government Backed Investment Schemes For Best Return And Less Risk

Are you from middle-class segment who is looking for investment options which save taxes and also give you returns in future? Selecting a saving and investment plan is always very time to consume and challenging. It involves both risk and return.From stocks, mutual funds, insurance, and many more private savings schemes are available in the market. The Indian government has also rolled out few schemes which ensure safety for investors who are not interested in private savings schemes.Different government schemes offer different returns and caters to various strata of our society. So think wisely before investing in any of these schemes to optimize your returns as well as tax benefits.Here are 5 schemes for getting good returns; Under the APY, there is guaranteed minimum monthly pension for the subscribers ranging between Rs 1000 and Rs 5000 per month. The Indian government will contribute 50% for every contribution made by you to the pension fund. The minimum age to avail the Atal Pension Yojana scheme is 18 years and the maximum are 40 years. The minimum period of contribution by the subscriber will be 20 years or more. All bank account holders can join APY. Read Also: What Is The Withdrawal Procedure From Atal Pension Yojana? Sukanya Samriddhi Yojana scheme was initiated by the government aimed at the betterment of girl child. The money saved in this scheme will be provided for the higher education of girl and for her wedding expenses. Investors will get annualized returns of around 8.5% by investing in Sukanya Samriddhi Yojana. Only one account is allowed per child and parents can open a maximum of two accounts for each of their children.Investments made under the Sukanya Samriddhi Scheme are exempt from income tax under section 80C of the Income Tax Act. A minimum of Rs 1,000 must be deposited in the account annually. The maximum deposit limit is Rs 150,000. PPF is a tax-free savings scheme launched by the Ministry Of Finance. This long term small savings scheme helps people to save money for their retirement. Major beneficiaries of this scheme are self-employed. One can invest up to Rs 1.5 lakh per annum in their PPF account and also avail tax benefits under section 80C of Income Tax Act. The PPF of interest rate for the financial year 2015 - 2016 was 8.7%. Only Rs 100 is needed to open a PPF account. Rs 500 per year is the minimum deposit limit and Rs 1.5 lakhs per year is the maximum deposit limit. Read Also: 11 Reasons Why You Should Have A PF Account? Jeevan Jyoti Bima Scheme is an insurance scheme started by the government. It provides cover of Rs. 2 Lakhs in case of death of the scheme member due to any reason. Policyholder needs to renew the policy each year. The contribution of government in Jeevan Jyoti Bima Scheme is to be decided separately every year. Rs 330 premium should be paid by the scheme members yearly. To be part of this scheme the minimum age of the applicant should be 18 and maximum will be 50 years.The applicant should have a savings bank account in any of the participating banks accounts The applicant must provide a self-certification of good health in the Consent cum declaration form The Suraksha Bima Yojana offers a renewable one-year accidental death-cum-disability cover of Rs 2 lakh at Rs 12 as an annual premium. National Pension Scheme is launched by the Indian government and regulated by Pension Fund Regulatory Development Authority (FRDA). NPS offers tax benefits under section 80CCD of Income-tax Act, 1961 within an overall limit of Rs 1.5 lakh.Goodreturns.in nbsp;