PPF, Senior Citizen Savings Scheme vs Bank FDs: Which one is offering better returns? Know details
Zee News
Small Savings Schemes are government-managed savings vehicles designed to encourage residents to save consistently. Post office savings accounts, 1-3-year time deposits, and 5-year recurring deposits are among the options.
New Delhi: Even while fixed deposits are now yielding slightly higher returns than before, thanks to recent interest rate increases by various banks, small savings programmes continue to offer more appealing rewards. Small savings plans including PPF, senior citizen savings schemes, National Savings Certificates, and Sukanya Samriddhi Account Scheme offer returns ranging from 4% to 8.1 percent, depending on the scheme and the length of time invested.
Small Savings Schemes
Small Savings Schemes are government-managed savings vehicles designed to encourage residents to save consistently. Post office savings accounts, 1-3-year time deposits, and 5-year recurring deposits are among the options. Saving certificates such as National Saving Certificates and Kisan Vikas Patra are also included.
It also includes the Public Provident Fund, Sukanya Samriddhi Account, and Senior Citizens Savings Scheme, which are all social security schemes. The schemes also apply to the Monthly Income Account.
Current Interest Rates
