India’s post office and government-backed small savings schemes continue to attract savers looking for low-risk returns. Here’s a look at the current …
1/101. SCSS offers regular quarterly income: The Senior Citizen Savings Scheme (SCSS) currently offers an interest rate of 8.2% per annum, paid out quarterly, over a tenure of 5 years. The scheme is designed for senior citizens seeking regular quarterly income. (Image: AI)
2/102. SSA is designed for long-term savings: The Sukanya Samriddhi Account (SSA) offers 8.2% per annum, compounded yearly. The account matures after 21 years, while deposits can be made for the first 15 years. It is designed for parents saving for a girl child’s future. (Image: AI)
3/103. NSC offers returns with tax benefits: The National Savings Certificate (NSC) carries an interest rate of 7.7% per annum over a 5-year tenure. Eligible investments can qualify for Section 80C tax benefits, subject to applicable rules. (Image: AI)
4/104. KVP doubles the investment in about 9.5 years: Kisan Vikas Patra (KVP) offers 7.5% per annum, with the investment doubling in approximately 115 months, or around 9.5 years. (Image: AI)
5/105. MIS provides regular monthly income: The Post Office Monthly Income Scheme (MIS) offers 7.4% per annum, paid out monthly, over a 5-year tenure. It is designed for individuals seeking a steady monthly income. (Image: AI)
6/106. PPF offers long-term tax benefits: The Public Provident Fund (PPF) offers 7.1% per annum over a 15-year tenure. The scheme is used for long-term savings and offers tax benefits under applicable rules. (Image: Canva)
7/107. 5-year Time Deposit offers fixed returns: The Post Office Time Deposit (5-Year) offers 7.5% per annum over a fixed 5-year tenure. Investments in the 5-year option can qualify for Section 80C benefits, subject to applicable rules. (Image: Canva)
8/108. MSSC offers short-term savings: The Mahila Samman Savings Certificate (MSSC) offers 7.5% per annum over a 2-year tenure and was designed for women and girls seeking short-term savings. (Image: AI)
9/109. RD supports disciplined monthly saving: The Post Office Recurring Deposit (RD) offers 6.7% per annum over a 5-year tenure. It is designed for savers looking to invest smaller amounts through regular monthly deposits. (Image: AI)
10/1010. Savings Account offers easy access to money: The Post Office Savings Account offers 4.0% per annum, with no fixed tenure and easy access to funds. It can be used to maintain readily accessible savings. (Image: AI)