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Government sponsored:
All these schemes are operated either directly by the government
or by government-run organizations like post-offices or nationalised banks.
If you are concerned about the safety of your investment, timely payments of
interest and repayment of principal on maturity, you can trust them since these
are government institutions.
Assured returns:
In this world of volatile share market conditions and an
uneasy debt market that needs constant monitoring, these offer assured returns
to the simplest of small investor who may not have access or the knowhow to
scrutinise the more sophisticated investment instruments.
Easy for small investors:
In some of the schemes, you need to invest only Rs.5 as a
minimum installment. This enables even poor people to invest in them.
Tax benefits: The tax benefits that most schemes enjoy - like exemptions in income tax and wealth tax make them attractive to those, with high taxable incomes.
Liquidity:
You can easily access your funds whenever you want. There
are facilities available for premature withdrawals. Also, banks give loans against
certain investments like the National Savings Certificates (NSC).
Inheritance of the amount made simple:
Most of the Schemes have facilities for nomination. In case
of death of depositor his/her nominee(s) can easily withdraw the accrued amount
(principal + interest). These schemes can be shifted from one post office to
another. Hence they are suitable for persons having transferable jobs. Deposits
can be made through Government authorised agents, who accept money/cheque/drafts
and give you proper receipts.
