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

High returns

Sovereign guarantee

Tax-free interest

Low minimum investment

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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

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

Rs. 100

Rs. 250

Rs. 500

Rs. 1000

Qn. 4 / 10

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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

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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

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

PAN Card

Aadhaar Card

Driving license

Job card

Qn. 7 / 10

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

Online accessibility

High interest rates

Easy accessibility

Tax-free returns

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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

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

6.9%

7.4%

7.7%

8.2%

Qn. 10 / 10

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

Backed by the government

High returns

Tax-free interest

Low minimum investment