Public Provident Fund (PPF) - A trusted partner for 15 years
In the picture, a family can be seen looking at their savings files together, with the PPF document at the top. In fact, Public Provident Fund is one of the schemes in which investors are getting an annual interest rate of 7.1%. The scheme comes with a lock-in period of 15 years and also offers tax benefits under Section 80C of the Income Tax Act on the investment.
Sukanya Samriddhi Yojana (SSY) - Support for the future of the daughter
In this picture, a father is holding a receipt for opening an account of Sukanya Samriddhi Yojana in his daughter's hand, and there is a glimmer of bright future in the daughter's eyes. The scheme has a tenure of 21 years and carries the highest interest rate of 8.2 per cent, making it the most attractive option for investors.
Senior Citizen Savings Scheme (SCSS) - Financial Protection for the Elderly
In the picture, an elderly couple is filling the SCSS form in the bank, and they have a smile of satisfaction on their face. This scheme is of 5 years duration and offers an interest rate of 8.2%, which is a safe source of regular income for senior citizens.
National Savings Certificate (NSC) - a reliable option for 5 years
In this photo, a shopkeeper is buying NSC for his son, as he wants the fruits of his every hard work to be safe. NSC fetches an annual interest rate of 7.7 per cent over a lock-in period of 5 years. This certificate is not only safe, but also gives tax benefits, making it popular among middle-class families.
Kisan Vikas Patra (KVP) - village savings, village development
In the picture, a rural family is seen investing in KVP as the scheme gives them the confidence to double their hard-earned money. KVP fetches an interest rate of 7.5%, and it matures when it doubles automatically over its stipulated period. It is a major source of savings in rural areas.
Monthly Income Scheme (MIS) - Guaranteed income every month
In this beautiful picture, a woman is seen happy with her MIS interest cheque in hand, as she gets a certain amount of money every month. MIS offers an interest rate of 7.4%, which is for a period of 5 years. This is extremely beneficial for those who want a regular monthly income, such as retired professionals.
Post Office Savings Account - the foundation of every household's savings
In the picture, a mother is seen accompanying her little one to the post office to open his first savings account. Post Office Savings Account offers an interest rate of 4.0 per cent and there is no lock-in period. It is the oldest and most accessible scheme promoting the habit of saving in every nook and corner of the country.
1 year post office FD. Short time, good return
In this photo, a young professional is getting a 1-year FD done at the post office, as he wants to keep his annual bonus safe. A 1-year FD offers an interest rate of 6.9 per cent. This is a good option for those who want a good return on their savings in a short period.
3 years post office FD - the best option for the medium term
In the picture, a grandfather is looking at the certificate of FD with his grandson, which is the result of the investment made by him 3 years ago. A 3-year FD offers an interest rate of 7.1 per cent. This period attracts investors who may invest a little longer, but don't want to commit to the long term.
5 years of post office FD - long-term security
In this picture, two friends are together investing in a 5-year FD, which takes their business earnings towards a secure future. A 5-year FD offers an interest rate of 7.5 per cent. It is highly beneficial for long-term investors and also has tax benefits.
5-year recurring deposit (RD) - Discipline will create capital
An employee in the picture is depositing the instalment of his RD like every month, as it is the foundation of his dream house. RD fetches an interest rate of 6.7% over a period of 5 years. This scheme is a boon for those who want to create big capital by making small savings every month.
The graph of interest rates - the stability of 9 quarters
This graphic shows a one-time graph of the interest rates of all small savings schemes, which shows that they have remained stable in the last 9 quarters. The government had increased the rate of Sukanya Samriddhi Yojana from 8% to 8.2% in April 2024, and the rate of three-year FD from 7% to 7.1%. This graph makes it clear that the government is keeping rates stable keeping in mind the interests of investors.