Many investors prefer Post Office Saving Schemes for their safety and stable returns. While some post office schemes provide tax benefits under Section 80C, others offer great returns but are not eligible for tax exemption. Additionally, TDS (Tax Deducted at Source) is applicable on the maturity amount in these schemes. Here are five such post office schemes where you get good returns but no 80C benefits:

1. Mahila Samman Savings Scheme

• Interest Rate: 7.5% per annum
• Eligibility: Only for women investors
• Tax Benefits: Not eligible for tax exemption
• TDS: Deducted based on income tax slab
• Features:
  • Launched in 2023, this scheme aims to promote financial security among women.
  • No age restriction, but the applicant must be an Indian resident.
  • The interest earned is fully taxable like Fixed Deposits (FDs).

2.

National Savings Time Deposit Account

• Interest Rate:
  • 1 Year – 6.9%
  • 2 Years – 7.0%
  • 3 Years – 7.1%
  • 5 Years – 7.5% (eligible for 80C exemption)
• Tax Benefits: Only the 5-year deposit qualifies for Section 80C exemption
• TDS: Applicable on the interest earned above the specified limit
• Features:
  • Available for 1, 2, 3, and 5 years
  • Premature withdrawal allowed with conditions

3.

National Savings Recurring Deposit Account

• Interest Rate: 6.7% per annum (compounded annually)
• Investment Duration: 5 Years
• Tax Benefits: No exemption under 80C
• TDS: Interest income is taxable
• Features:
  • Flexible investment with a minimum deposit of ₹100 per month
  • Account can be opened individually or jointly (up to 3 people)

4.

Kisan Vikas Patra (KVP)

• Interest Rate: 7.5% per annum
• Maturity: Money doubles in approximately 115 months
• Tax Benefits: Not eligible under 80C
• TDS: No TDS on withdrawal after maturity, but the interest is taxable under ‘Income from Other Sources’
• Features:
  • A secure investment with guaranteed returns
  • Suitable for investors looking for long-term wealth accumulation

5.

Post Office Monthly Income Scheme (POMIS)

• Interest Rate: 7.4% per annum
• Minimum Investment: ₹1,500
• Maximum Investment:
  • ₹9 lakh (individual)
  • ₹15 lakh (joint account)
• Tax Benefits: Not covered under 80C
• TDS: Applicable on interest above ₹40,000 (₹50,000 for senior citizens)
• Features:
  • Provides fixed monthly income
  • Best for retired individuals or those looking for stable returns