There are many post office schemes that offer very good interest rates to investors.
The Senior Citizen Savings Scheme offers as high as 8.2% interest.
The minimum deposit amount here is Rs 1000 and maximum is Rs 30 lakhs.
The interest amount paid is credited every quarter of March, June, Sept and Dec.
The Senior Citizen Savings Scheme can be closed after 5-years without any charges.
The interest rates are much better when compared to interest rates of banks.
The government recently hiked the limits to Rs 30 lakhs.