Small Savings Schemes Provide Up To 7.6% Return Now. Compare Rates

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

Small Savings Schemes Provide Up To 7.6% Return Now. Compare Rates

Small savings schemes, such as the 15-year Public Provident Fund (PPF), the Kisan Vikas Patra and the Monthly Income Scheme, currently provide annual returns to the tune of 4-7.6 per cent. These rates are applicable till December 31. The government currently provides nine small savings schemes including the Public Provident Fund, which comes with a maturity period of 15 years. The government reviews the interest rates applicable to these savings schemes on a quarterly basis.  

Here's a comparison of the interest rates and other important features of these small savings schemes, in the third quarter of current financial year:

Small Savings SchemeInterest RateMinimum Amount Required For Opening Account
Post Office Savings Account4%Rs 500
5-Year Post Office Recurring Deposit (RD) Account5.8%Rs 100 per month
Post Office Time Deposit (TD) Account - One Year5.5%Rs 1,000
Post Office Time Deposit Account (TD) - Two Years5.5%Rs 1,000
Post Office Time Deposit Account (TD) - Three Years5.5%Rs 1,000
Post Office Time Deposit Account (TD) - Five Years6.7%Rs 1,000
Post Office Monthly Income Scheme Account (MIS)6.6%Rs 1,000
Senior Citizen Savings Scheme (SCSS)7.4%Rs 1,000
15-Year Public Provident Fund Account (PPF)7.1%Rs 500
National Savings Certificates (NSC)6.8%Rs 1,000
Kisan Vikas Patra (KVP)6.9%Rs 1,000
Sukanya Samriddhi Account7.6%Rs 250
(Source: indiapost.gov.in)

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

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