The risk associated with post office investment plans is negligible because the government guarantees payments. Investment plans offered by the post office offer competitive returns. A savings bank account typically pays 4% yearly interest, whereas post office investment programmes pay between 4% and 7.60%. Additionally, some investments made in post office schemes qualify for tax advantages. Interest earned is occasionally exempt from taxation. As a result, the investment is more profitable than a savings account and is tax efficient.

Investing in post office schemes is simple because it requires little paperwork and is a painless process. Both urban and rural investors benefit equally from transactional efficiency. Additionally, you can get automatic payments into your bank account and access investment information online.

The post office offers a variety of investment opportunities. Features, returns, tax advantages, and investment duration vary from scheme to scheme. Small, medium, and large-scale investors are all catered to by the schemes. The post office also provides special programmes for elderly people, farmers, and young girls. As a result, depending on your investing goal, you can select from a variety of possibilities.