What is the primary advantage of investing in Post Office savings schemes?

High returns Sovereign guarantee Tax-free interest Low minimum investment

Which Post Office scheme offers tax benefits under Section 80C of the Income Tax Act for a 5-year deposit?

National Savings Recurring Deposit Account National Savings Time Deposit Account National Savings Monthly Income Account Senior Citizen Savings Scheme Account

What is the minimum investment amount required to open a Post Office Savings Account?

Rs. 100 Rs. 250 Rs. 500 Rs. 1000

Which Post Office scheme is specifically designed for the financial security of a girl child?

Kisan Vikas Patra Account Sukanya Samriddhi Account National Savings Monthly Income Account Senior Citizen Savings Scheme Account

What is the maximum investment limit per financial year for a Public Provident Fund Account?

Rs. 1 lakh Rs. 1.5 lakh Rs. 2 lakh No limit

Which document is NOT mandatory for applying for a Post Office savings scheme?

PAN Card Aadhaar Card Driving license Job card

What makes Post Office schemes suitable for both rural and urban investors?

Online accessibility High interest rates Easy accessibility Tax-free returns

Which Post Office scheme is considered a suitable retirement or pension plan?

National Savings Certificates (NSC) Kisan Vikas Patra Account Public Provident Fund Account National Savings Time Deposit Account

What is the interest rate offered on a Senior Citizen Savings Scheme Account?

6.9% 7.4% 7.7% 8.2%

Which characteristic of Post Office schemes makes them a safe investment option?

Backed by the government High returns Tax-free interest Low minimum investment