Name the scheme, which are designed to provide financial security to general people with guaranteed return on investment by department of posts.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Government schemes
B	Post office schemes
C	Revenue saving scheme
D	Financial security scheme

Explanation:

Detailed explanation-1: -Well-known schemes are Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Yojanas. The government has made these small savings schemes available via post offices to provide a safe investment avenue for the public by providing good returns and keeping their investments safe.

Detailed explanation-2: -A post office investment scheme is designed to help you accrue good investment returns. This scheme has a holding period of 5 years and provides an annual interest rate ranging from 4 to 8 per cent. With it, you can avail of a fixed monthly income.

Detailed explanation-3: -National Savings Recurring Deposit Account. National Savings Monthly Income Account. Public Provident Fund Account. Kisan Vikas Patra Account.

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