Small Savings Schemes Offers Up To 6.9% Return. Check Interest Rates Here

Government had reduced the interest on Small Savings Schemes with effect from April 1, 2021.

Government of India offers various small savings schemes to investors which come with benefit to save income tax. Currently, the government is offering eight different small savings schemes to investors. People can invest their money in government's small savings schemes via selected banks and Post Offices across the country. Currently, government offers maximum of 6.9 per cent annual interest on Sukanya Samriddhi Scheme. Government had reduced the interest on Small Savings Schemes with effect from April 1, 2021. Interest of Sukanya Samriddhi Scheme was reduced to 6.9 per cent from 7.6 per cent. Likewise, interest rate on Public Provident Fund (PPF) was reduced to 6.4 per cent from 7.1 per cent.