Small Saving Scheme: The government gives different interest on every small saving scheme, SSY, PPF or which scheme should you invest in.


To promote savings, many small savings schemes are being run by the government. There is no risk in these small savings schemes and guaranteed returns are available. Apart from this, the government revises the interest rates of these schemes every quarter.


If you are also thinking of investing in small savings schemes, then today we will tell you how much interest you will get on which scheme.

Recurring Deposit
The government had started the Recurring Deposit Scheme for small investors. In this scheme, investors get an interest of 6.7 percent annually. Apart from this, the minimum investment amount in this scheme is Rs 100, that is, good savings even in less money.

Time Deposit
If you are thinking of investing for one, two, or three years, then the Time Deposit Scheme is very good. The minimum amount for this is Rs 1000. Apart from this, the benefit of tax exemption is also available in this scheme under section 80C of Income Tax.

The Time Deposit Scheme gives 6.9 percent interest for 1 year.

7.0 percent interest is given on investment of two years.

7.1 percent interest is given for three years.

7.5 percent interest is given on investment of five years.

Public Provident Fund (PPF) is also a very popular small savings scheme. In this, investors have to deposit a minimum of Rs 500 and a maximum of Rs 1.5 lakh every year. PPF gives an interest of 7.1 percent annually and this scheme also provides tax benefits.

Senior Citizen Saving Scheme
Senior Citizen Saving Scheme (SCSS) is also a very good option. This scheme gives an interest of 8.2 percent annually. In this scheme, a maximum of Rs 30 lakh and a minimum of Rs 1,000 has to be invested. In this scheme, if the interest amount exceeds Rs 50,000, then tax is levied.

Post Office Monthly Income Scheme
In the Post Office Monthly Income Scheme (POMIS), you can deposit a fixed amount every month. It gives an annual interest of 7.4 percent. To open a Monthly Income Scheme account, you have to invest at least Rs 1000.

If you open a single Monthly Scheme account, then you can invest a maximum of Rs 9 lakh and if it is a joint account, then you can invest Rs 15 lakh.

National Savings Certificate
Investment is made in a National Savings Certificate (NSC) for five years. An annual interest of 7.7 percent is available on this scheme. Tax deduction benefits are available in this scheme and the special thing is that there is no maximum investment limit in it. Yes, a minimum investment of 1,000 has to be made.

Kisan Vikas Patra
Kisan Vikas Patra (KVP) is also a very good option. In this, the investment amount doubles in about 9 years and 7 months. Currently, the investor gets an annual interest of 7.5 percent in this scheme.


Mahila Samman Savings Certificate
The government has launched the Mahila Samman Savings Certificate Scheme for women. This scheme gives an annual interest of 7.5 percent.

Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) was launched by the government for the bright future of daughters. It gives an annual interest of 8.2 percent. In this scheme, a minimum of Rs 250 and a maximum of Rs 1.5 lakh has to be deposited every year.

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