It is considered to be one of the best investment options for retired individual or if you have regular income needs.
POSS are very popular because they give or yield a higher return than bank FDs and besides from a low risk it provides with an attractive feature of no Tax deducted from source i.e no TDS.
The Post Office offers various schemes that includes National Savings certificate(NSC),National Savings Scheme(NSS),Kisan Vikas Patra,Monthly Income scheme and Recurring Deposits Scheme better known as RDs.
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