Secure future with government schemes

 

Explore trusted government-backed savings and pension schemes like NPS, PPF, SCSS, APY, EPF and more. Designed for financial security, tax benefits, and post-retirement income, suitable for individuals and families alike.

 

 

Important things to know

  • Eligibility criteria

    Varies by scheme type and age group. Check specific scheme requirements for eligibility.

  • Required documentation

    Documents like PAN, proof of ID and proof of address are typically required for Account opening.

  • Tax benefits

    Certain schemes, like PPF and SCSS, offer tax deductions under sections of the Income Tax Act.

  • Scheme-specific interest rates

    Interest rates differ based on the scheme and are government-defined for stability and growth. 

  • Online and offline access

    All schemes can be managed online through ICICI Bank portals or in-branch for added convenience. 

Government Schemes FAQs

What are Government Schemes?

Government schemes are savings and pension plans backed by the Government of India to ensure financial security and regular income, providing tax benefits and guaranteed returns for individuals and families.

What are the different Government Schemes available?

Here are the main government schemes available for investment:

  • National Pension System (NPS): A voluntary retirement savings scheme with tax benefits and an assured pension after retirement.  

  • Senior Citizen Savings Scheme (SCSS): A high-interest savings plan for senior citizens, offering tax benefits. 

  • Public Provident Fund (PPF): A long-term savings option with tax-free returns and backed by the government. 

  • Atal Pension Yojana (APY): A pension scheme for the unorganised sector, providing financial security post-retirement. 

  • Employee Provident Fund (EPF): A mandatory savings scheme for employees with tax benefits and interest on contributions. 

  • Sukanya Samriddhi Yojana (SSY): A savings scheme for the girl child, offering attractive interest rates and tax advantages. 

  • Civil Pension Scheme: Disbursement of pension for retired government employees through ICICI Bank accounts. 

  • Defence Pension Scheme: A pension plan for armed forces personnel and civilian employees working in defence establishments. 

  • Guaranteed Pension Plan: A pension plan that ensures financial freedom and security even after retirement.

How can I invest in Government Schemes? 

Investing in government schemes is easy. You can apply online via ICICI Bank or visit your nearest branch. For some schemes, a valid Demat or Savings Account and KYC documents are required.

Are the returns from Government Schemes guaranteed? 

Yes, most government schemes offer guaranteed returns, making them a secure option for risk-averse investors. Schemes like PPF and SCSS provide fixed interest rates, while NPS offers long-term pension benefits.

Can I avail of tax benefits from these Government Schemes? 

Yes, many government schemes such as PPF, SCSS, and NPS offer tax-saving opportunities under various sections of the Income Tax Act. For instance, investments in NPS qualify for deductions under Section 80C and 80CCD.

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