What is the primary advantage of Post Office tax saving schemes?

"High returns with potential for rapid growth" "Flexibility to withdraw funds at any time" "Guaranteed returns with no risk to the principal amount" "Exposure to market fluctuations for higher potential gains"

Which Post Office scheme is specifically designed for girl children?

"Public Provident Fund (PPF)" "Sukanya Samriddhi Account" "National Savings Certificate (NSC)" "Senior Citizen Savings Scheme (SCSS)"

What is the key characteristic of the National Savings Certificate (NSC)?

"Allows partial withdrawals after a certain period" "Requires a minimum deposit of Rs. 500 per year" "The entire investment amount is paid upfront" "Offers a variable interest rate based on market performance"

Who is eligible to invest in the Senior Citizen Savings Scheme (SCSS)?

"Any individual above the age of 18" "Only individuals who have retired from government service" "Individuals above the age of 60 or those who have taken VRS before 60" "Individuals with an annual income exceeding a certain threshold"

Which tax benefit is associated with the 5-year Post Office Time Deposit?

"Tax exemption on the interest earned" "Tax deduction on the principal amount invested under section 80C" "Tax benefits are applicable only for senior citizens" "No tax benefits are associated with this scheme"

What is a significant advantage of investing in Post Office schemes in terms of accessibility?

"Investments can only be made online" "Limited to major cities and urban areas" "Branches are located throughout the country, including remote areas" "Requires a minimum investment of Rs. 1 Lakh"