Best Saving Scheme: The government offers several investment schemes that offer guaranteed returns of up to 8%. These schemes offer safe investment options, reducing the risk of loss for investors. This is especially useful for those who are risk-averse and want a fixed income.
To help people save money safely and earn good returns, the Indian government offers a variety of small savings schemes. People of all income levels can benefit from these schemes, but those looking for stable and low-risk investment options will especially benefit. These are very safe and reliable because they are backed by the government.
The Post Office offers several savings schemes that offer guaranteed returns of up to 7-8% per year. From the NSC and Sukanya Samriddhi Account to the PPF, the Post Office offers a wide range of schemes that offer guaranteed returns.
Best Saving Scheme
Public Provident Fund: This is one of the most popular small savings schemes, offering an interest rate of 7.1% per annum (compounded annually). You can invest from ₹500 to ₹1.50 lakh. Deposits can be made in one go or in installments. The account matures after 15 years, excluding the financial year in which the account was opened.
Sukanya Samriddhi Account: This account offers an interest rate of 8.2% per annum, calculated annually, starting January 1, 2024. You can invest from ₹250 to ₹1.50 lakh per financial year. Deposits can be made in bulk. There is no limit on the number of deposits per month or financial year.
Kisan Vikas Patra: This scheme offers compound interest at 7.5% per annum. The invested amount doubles in 115 months (9 years and 7 months).
Mahila Samman Savings Certificate: This scheme offers 7.5% annual interest, compounded every three months. You can invest from ₹1,000 to ₹200,000.
National Savings Certificates (NSC): This scheme offers an interest rate of 7.7% per annum, which is paid upon maturity and compounded annually. There is no maximum investment limit.
| Serial number | Name of the scheme | interest rates |
| 1 | National Savings Recurring Deposit Account | 6.70% |
| 2 | Public Provident Fund Account (PPF) | 7.10% |
| 3 | National Savings Certificate (NSC) | 7.70% |
| 4 | Sukanya Samriddhi Yojana | 8.20% |
| 5 | Kisan Vikas Patra Account | 7.50% |
| 6 | 1-year fixed deposit | 6.90% |
| 7 | 2-year fixed deposit | 7% |
| 8 | 3-year fixed deposit | 7.10% |
| 9 | 5-year fixed deposit | 7.50% |
| 10 | 5-year recurring deposit | 6.70% |
| 11 | Senior Citizen Savings Scheme (SCSS) | 8.20% |
| 12 | Monthly Income Plan | 7.40% |
