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:.table.book_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.book_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.book_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; width: 35%; } table.book_tbl td:last-child, table.book_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.book_tbl, thead.book_tbl, tbody.book_tbl, th.book_tbl, td.book_tbl, tr.book_tbl { font-size: 14px; } table.book_tbl th.book_tbl, table.book_tbl td.book_tbl { padding: 4px; } } . Small Savings Scheme Interest Rate Minimum Amount Required For Opening Account Post Office Savings Account 4% Rs 500 5-Year Post Office Recurring Deposit (RD) Account 5.8% Rs 100 per month Post Office Time Deposit (TD) Account - One Year 5.5% Rs 1,000 Post Office Time Deposit Account (TD) - Two Years 5.5% Rs 1,000 Post Office Time Deposit Account (TD) - Three Years 5.5% Rs 1,000 Post Office Time Deposit Account (TD) - Five Years 6.7% 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 Account 7.6% 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.

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

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