The Reserve Bank of India (RBI) has introduced three new deposit schemes that offer high interest rates, full security, and extra benefits when invested in your wife’s name. If you have ₹2,22,222 to invest, this is a great opportunity to earn more while securing your family’s financial future.
Why These Schemes Are Special
These deposit schemes are designed to promote household savings and offer safe investment options. They are especially helpful for those looking to save for their spouse, children, or retirement. One big advantage is the tax benefit under Section 80C when invested in your wife’s name.
Key benefits include:
Guaranteed returns with RBI backing
Better interest rates than regular fixed deposits
Tax benefits on investments
Extra interest for women investors
Multiple tenure options
Why Invest ₹2,22,222 in Your Wife’s Name?
Investing this amount in your wife’s name brings several advantages:
Helps grow your savings faster
Reduces your taxable income
Secures your wife’s financial future
Offers bonus interest in some schemes
Ensures long-term wealth creation with no market risk
Details of the Three New Deposit Schemes
| Scheme Name | Minimum Investment | Interest Rate | Tenure Options | Withdrawal | Tax Benefits | Special Features |
|---|---|---|---|---|---|---|
| Secure Growth Deposit | ₹50,000 | 7.5% | 3, 5, 7 years | Allowed | Section 80C | Bonus interest for women |
| Flexi Wealth Booster | ₹1,00,000 | 8% | 1 to 10 years | Flexible | Section 80C | Step-up interest rate |
| Golden Horizon Deposit | ₹2,22,222 | 8.25% | 5, 10, 15 years | Restricted | Section 80C & 10(10D) | Guaranteed amount doubling in 10 years |
Major Benefits of These Deposit Schemes
These schemes offer more than just interest. Here’s what makes them a great choice:
Higher returns than savings accounts or standard FDs
No risk since they are RBI-supported
Flexible options to suit different needs
Women-specific benefits, including bonus interest
Tax savings, reducing overall financial burden
Who Should Consider These Schemes?
These plans are perfect for:
Salaried people who want steady and secure returns
Retired individuals planning for their spouse’s future
Parents saving for children’s education or marriage
Anyone who wants a safe, low-risk investment
How to Invest in These Schemes
Visit a scheduled bank offering RBI-approved schemes
Carry PAN card, Aadhaar card, and a passport-size photo
Fill out the deposit form and provide nominee details
Make the investment (example: ₹2,22,222 in Golden Horizon Deposit)
Get your deposit receipt and keep it safe
What You Can Earn with ₹2,22,222 Investment
| Scheme Name | 5-Year Maturity Value | 10-Year Maturity Value |
|---|---|---|
| Secure Growth Deposit | ₹3,19,130 | ₹4,58,690 |
| Flexi Wealth Booster | ₹3,26,488 | ₹4,77,388 |
| Golden Horizon Deposit | ₹3,34,778 | ₹4,98,802 |
Note: Returns are approximate and may vary slightly depending on bank policies.
Important Points to Keep in Mind
Interest above ₹40,000 per year is taxable
TDS applies if interest exceeds ₹40,000 (₹50,000 for senior citizens)
Choose a scheme based on your financial goals
Lock-in periods vary; check before investing
Read all terms and conditions at the bank
Final Words
The RBI’s three new deposit schemes offer a great chance to earn safe, secure, and high returns. Investing ₹2,22,222 in your wife’s name gives you tax benefits, higher interest, and long-term peace of mind. These schemes are perfect for building wealth without any risk. Check with your bank today and take the smart step toward a better financial future.