5 Best Government Investment Schemes and Plans 2022 with High Returns in India


5 min read

Updated on Nov 10, 2022

Looking to invest in a beneficial Indian Government Investment Scheme/Plan? If so, you have landed on the right page. Read on to know more.

To uplift the income and financial standing of its citizens, time and again, the government keeps introducing different investment schemes in the country. These govt investment schemes are offered to everyone including men, women, working people, business class, rural and urban population and so on. However, it is up to the citizens to compare different plans and to opt for the one that caters perfectly to their needs so that they can enhance their cash flow to the highest extent.

The best benefit of opting for govt. investment schemes is that they are risk-free and hassle-free. The interested individuals can opt for any govt. plan through post offices across India as well as through banks. Most such government plans permit tax deductions and allow the investor to save money on income tax. So, it is advisable for investors to evaluate the different investment plans offered by the government before selecting the best one and gain maximum benefit.

Visual Stories by PayBima

Below is a list of the Best 5 Govt Investment Schemes that you can plan to invest on:

1. Atal Pension Yojana (APY)

APY or Atal Pension Yojana is a pension scheme introduced by the government to assist the workers in the unorganized sectors so that they can earn a fixed income after they retire. This scheme serves as social security for the financially weak sections of the society by offering them pension for their old age.

Read More: How To Apply Online for Atal Pension Yojana On SBI?

Basic Information of Atal Pension Yojana (APY)

  • Pension Amount – Up to Rs.5,000
  • Age Limit –  18 years – 40 years
  • Contribution Period – Minimum 20 years
  • Exit Age – 60 years

Atal Pension Plan in India ranks among the top investment schemes for its citizens, especially the economically vulnerable sections. Here, the policyholder receives guaranteed amount of pension in the range of 1000 to 5000 rupees as per the duration of the plan and amount invested

2. Pradhan Mantri Jan Dhan Yojana (PMJDY)

PMJDY is a lucrative govt investment scheme, especially crafted for people from financially weak sections to allow them easy access to financial services like:

  • Credit
  • Remittance
  • Insurance
  • Pension
  • Savings and Deposit Accounts

Basic Information of Pradhan Mantri Jan Dhan Yojana (PMJDY)

  • Minimum age to open an account – 18 years (minors 10 years)
  • Interest Rate – depends on interest rate of the savings account
  • Minimum Balance – Zero balance account
  • Accidental Insurance Cover – available as per ‘Rupay Scheme’
  • Overdraft Facility – Available

This savings account offers the facility of overdraft as per bank transactions and operations.

3. Public Provident Fund (PPF)

The PPF or Public Provident Fund is another top government investment schemes with high returns available for Indian citizens. This is another risk-free scheme that allow the investor to enjoy greater returns.

Basic Information of Public Provident Fund (PPF)

  • Tenure  – 15 years
  • Interest rate – 7.1% currently (keep changing)
  • Investment Amount – Min. 500 rupees and Max. Rs.1.5 lakh p.a.
  • Maturity Amount –  Mostly depend on tenure of investment

The plan is available for a 15 year period and permits investors to have enough saving on Income tax. The rate of interest in this scheme keeps varying every year, and thus the investors are advised to check the rate before investing on the plan.

4. National Savings Scheme (NSC)

This is a low-risk scheme initiated by the govt and is available with the post-offices across India. This is another government investment scheme with high returns. This plan is also loaded with features and suits aptly for investors in India. It facilitates a fixed income and definite returns to generate best revenues. This plan is currently available at 6.8% rate of interest per annum.

Basic Information of National Savings Scheme (NSC)

  • Minimum investment – Rs.1000
  • Maximum investment – no max. limit
  • Interest Rate – 6.8%
  • Lock in tenure – 5 years
  • Tax Benefits – Up to Rs.1.5 lakh (as per Section 80C of Income Tax)

Benefits of National Savings Scheme (NSC)

  • The plan offers fixed return on investment higher as compared to FDs.
  • Offer Tax benefits under section 80C.
  • Available at an initial investment of Rs 1,000, which is very less.
  • The Plan is available with a maturity period of 5 years.

5. Sukanya Samriddhi Yojana (SSY)

SSY or Sukanya Samriddhi Yojana is another good government investment scheme. This is a saving plan crafted especially for girl child in India. This scheme target parents of girls and support them to financially secure the future of their daughter’s by opening an account in either a commercial bank or a post office. The SSY scheme was initiated by the Indian Government under the campaign named; ‘Beti Bachao Beti Padhao’ and is available at 7.6% current interest rate.

Benefits of Sukanya Samriddhi Yojana (SSY)

  • SSY account allow highest return on tax deduction, and it comes with the EEE status.
  • The contributions per year in this account (Rs. 1.5 lakh/year) is qualified for tax deduction under Section 80C of Income Tax Act.
  • The sum received after the account matures is non-taxable.
  • Thus it presents incredible Tax Benefits which can’t be ignored.
  • It requires a small amount to open a SSY account.
  • You can deposit for 15 years, while the account matures in 21 years and allow you to earn continued interest on the amount you deposited.


The Indian Government has made many good plans of investment available to the citizens. As already discussed, now you have information about these plans. Further, they facilitate investment opportunities for everyone alike. There are many government investment schemes for senior citizens as well as for children and people working in the unorganized sectors. You can check the different policies and choose the one that suits you best.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

FAQs on Best Government Investment Schemes and Plans 2022 with High Returns

What are Investment Plans?

An investment plan refers to a financial product that helps generate wealth over a period of time and enables the investor to meet their financial goals for the future.

Which government investment scheme is best for higher interest?

There are a number of government schemes in India to encourage investors. Some of the best ones that offer a higher interest include:

1. National Pension Scheme (NPS)
2. Senior Citizen Saving Scheme (SCSS)
3. Public Provident Funds (PPFs)
4. Sukanya Samriddhi Yojana
5. Unit Linked Insurance Plans (ULIPs)

Which government scheme has the highest interest?

Atal Pension Yojana (APY) offers high interest rates on investment, along with a couple of other schemes such as National Savings Scheme (NSC), Pradhan Mantri Jan Dhan Yojana (PMJDY), and Sukanya Samriddhi Yojana (SSY).

Which scheme is the best for the future?

For future investment, the following financial schemes are regarded as the best in terms of high returns:

Public Provident Funds (PPFs)
Fixed Deposits (FDs)
Mutual Funds
Equity Linked Savings Scheme (ELSS)
National Saving Certificate (NSC)

What is the safest investment with the highest return in India?

If you’re looking for a safe bet to invest your hard-earned money, then you may consider the following investment options that offer high returns on savings in India:

Atal Pension Yojana (APY)
Senior Citizen Savings Scheme (SCSS)
National Savings Certificate (NSC)
Public Provident Funds (PPFs)
Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Mar 08, 2022
Author Bio
Author Image

PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

Related Blogs

Would love to hear from you

Share your candid feedback. Your email address won’t be published, we promise!

All fields are required

Find your suitable insurance plan

Speak to our advisor

Enter Value

Popular Posts

Trending Articles

Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.

Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).

Insurance is the subject matter of solicitation.

For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.

Copyright © 2022 Mahindra Insurance Brokers. All Right Reserved.

Get A Call Back
Get A Call Back