9 min read
Updated on Oct 12, 2023
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. Interested individuals can opt for any govt. plan through post offices across India as well as through banks. Most such government schemes for investment 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 investment plan with guaranteed returns.
|Scheme||Rate of Interest (ROI)||Investment (minimum and Maximum)||Lock-in Period|
|Atal Pension Yojana||Variable||Min. – INR 42
Max. – INR 15,000
|Kisan Vikas Patra (KVP)||7.5%||Min. – INR 1000
Max. – No Limit
|National Savings Certificate (NSC)||7.7%||Min. – INR 1000
Max. – INR 15 lakhs
|National Pension Scheme (NPS)||Market – linked||Min. – INR 6,000
Max. – No Limit
|Post Office Time Deposit Account||6.8%-7.5%||Min. – INR 1000
Max. – No Limit
|1 – 5 years|
|Post Office Monthly Income Scheme (POMIS)||7.4%||Min. – INR 1000
Max. – INR 9 lakhs
|Pradhan Mantri Jan Dhan Yojana||4%||Min. – Zero
Max. – No Limit
|No Lock-in period|
|Public Provident Fund (PPF)||7.1 %||Min. – INR 500
Max. – INR 1.5 lakhs
|Sukanya Samriddhi Yojana (SSY)||8.0%||Min. – INR 250
Max. – INR 1.5 lakhs
|Till the child turns 21|
|Sovereign Gold Bonds (SGB)||2.5%||Min. – One gram of gold
Max. – 500 grams of gold
|Senior Citizen Savings Scheme (SCSS)||8.2 %||Min. – INR 1000
Max. – INR 30 lakhs
Various schemes introduced by the government of India to support citizens financially are termed government investment schemes. These schemes are available to every citizen in India. Interested applicants can invest in such schemes by visiting a branch of a post office or an authorized Indian bank. Since the government investment schemes are risk-free, more and more citizens in India want to invest in these schemes. Besides, they also offer guaranteed returns. Many of these schemes allow tax benefits to help save money for the investor.
The government of India has introduced several beneficial investment schemes to serve different purposes of citizens. However, it is important to compare and evaluate the schemes before investing in them.
Check out the curated list of the ten best government investment plan with high returns in India –
APY or Atal Pension Yojana is a pension scheme introduced by the government to assist workers in unorganized sectors so that they can earn a fixed income after they retire. This govt investment scheme serves as social security for the financially weak sections of society by offering them pensions for their old age.
Basic Information of Atal Pension Yojana (APY)
The policyholder receives a guaranteed amount of pension in the range of 1000 to 5000 rupees as per the duration of the plan and the amount invested.
PMJDY is a lucrative govt investment scheme, especially crafted for people from financially weak sections to allow them easy access to financial services like:
Basic Information of Pradhan Mantri Jan Dhan Yojana (PMJDY)
This savings account offers the facility of overdraft as per bank transactions and operations.
Also Read: PMABY
The PPF or Public Provident Fund is another top government investment scheme with high returns available for Indian citizens. This is another risk-free scheme that allows the investor to enjoy greater returns.
Basic Information of Public Provident Fund (PPF)
This government investment plan is available for a 15 year period and permits investors to have enough savings 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.
This is a low-risk scheme initiated by the govt and is available with the post-offices across India. National Savings Scheme is another best government investment plan 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)
Benefits of the National Savings Scheme (NSC)
Also Read: NSC Premature Withdrawal
SSY or Sukanya Samriddhi Yojana is another good government investment scheme. This is a savings plan crafted especially for the girl child in India. This scheme target parents of girls and supports 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)
This is essentially a retirement benefit scheme for the senior citizens run by the government of India. The scheme promises a regular source of income to the policyholders after their retirement.
Benefits of National Pension Scheme (NPS)
The Reserve Bank of India issues these gold bonds on the government’s behalf. These bonds are essentially government securities that are denominated in gold grams. The SGB scheme was launched by the Indian government in 2015 to help investors find an alternate means of possessing physical gold.
Key Features of Sovereign Gold Bonds (SGBs)
This scheme was launched to assure a monthly pension amount to the elderly with a view to protecting their investment against the dip in interest rate.
Key Features of Prime Minister Vaya Vandana Yojana (PMVVY)
Anybody can choose to invest their money in government securities as per their financial goals and needs. Bonds and treasury bills are a few examples of government securities.
Key Features of Government Securities
A government-backed savings and investment plan for retirees to help them live a comfortable life post-retirement, the SCSS is one of the most preferred post-retirement plans in India.
Key Features of Senior Citizens Savings Scheme (SCSS)
|Name of the Plan||Who is it For|
|Atal Pension Yojana||Senior citizens particularly from the financially weaker sections of the society|
|Pradhan Mantri Jan Dhan Yojana||Economically weaker sections of the population|
|Public Provident Fund||Anyone interested in earning high returns on investment|
|National Savings Scheme||Primarily rural areas with easy access to post offices|
|Sukanya Samriddhi Yojana||Girl child|
|National Pension Scheme||Senior citizens/retirees|
|Sovereign Gold Bonds||Anyone interested in seeking alternate means of possessing physical gold as investment|
|Prime Minister Vaya Vandana Yojana||Senior citizens aged 60 years and above|
|Government Securities||Anyone looking for a reliable and trusted medium of investment|
|Senior Citizens Savings Scheme||Senior citizens aged 60 years and above|
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.
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.
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)
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).
For future investment, the following financial schemes are regarded as the best in terms of high returns:
Public Provident Funds (PPFs)
Fixed Deposits (FDs)
Equity Linked Savings Scheme (ELSS)
National Saving Certificate (NSC)
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)
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