of rs 1000 also this scheme has no maximum limit of contribution furthermore the returns are high guaranteed and riskfree kvp is an attractive and feasible investment option for women national savings certificatethe national savings certificate nsc is one of the safest investment schemes available in postoffices that offers high returns with a profitable interest rate of 8 one can invest any amount of money but is not allowed to make withdrawals before the maturity period except under circumstances like the death of the certificate holder or joint holders court orders or forfeiture by an authorised government officer ideal for working women this scheme saves the cash for a specific time period and earn good interest on a regular basis postoffice time deposit schemepostoffice time deposit scheme is amongst the most beneficial saving schemes in india as the returns are guaranteed on investment the investment period ranges from 1 to 5 years and the rate of interest depends upon the tenure of the scheme and is calculated quarterly but payable annually this scheme is considered to be eligible for child investment plans where a single mother can invest a certain amount for her childs education and healthcare just like national savings certificate and kisan vikas patra its a onetime investment scheme that earns interest on the basis of the tenure of the scheme moreover one is not allowed to withdraw the investment amount except under special circumstancesbank fixed depositsbank fixed deposits are another good investment cum savings option that is available with both public and private sector banks the investment amount and tenure are decided by the investor the rate of interest on these deposits varies from bank to bank with no maximum limit on the investments fixed deposits can be broken and the amount can be withdrawn before the maturity date as to when there is a requirement for moneyhowever if the deposit is broken before the completion of its tenure then it will affect the interest earned on the principal amount postoffice monthly income schemepostoffice monthly income scheme is also known as the postoffice fixed deposit scheme backed by the government of india this is a small savings scheme which is valid for a tenure of 5 years the interest rate that is earned on this scheme is 76 per annum the minimum amount that can be deposited in the scheme is rs 1500 the maximum amount that can be deposited is rs 450000 a single account and rs 9 lakhs joint account this scheme is highly beneficial for retired women and homemakers mutual fundsmutual funds are also a good investment option where the investment amount is managed by fund experts to earn substantial wealth over a period of time you can invest in a sip which minimises loss and maximise returns on investment mutual funds are a good alternative to selftrading investors can choose from a vast range of mutual funds offered by banks and various financial institutions investors can make a choice from the products that