Investment in any of the nine schemes requires a minimum amount of Rs 250-Rs 1,000
Small Savings Scheme Interest Rates: Nine government-run small savings schemes – including the 15-Year Public Provident Fund (PPF) and the Senior Citizen Savings Scheme (SCSS) – offer interest rates to the tune of 4-8.6 per cent for the quarter ending March 31. Currently, the government reviews the interest rates applicable to these small savings schemes every quarter. One needs to shell out a sum of Rs 250-Rs 1,000 to invest any one of these schemes, according to India Post’s website.
Here are the latest interest rates applicable to small savings schemes:
The Department of Posts provides small savings schemes in designated post office branches. India Post – which comes under the ambit of Ministry of Communications – has a network of more than 1.5 lakh post office branches across the country. Among the nine small savings schemes, SCSS, Sukanya Samriddhi and PPF offer the highest interest rates of 8.6 per cent, 8.4 per cent and 7.9 per cent for the fourth quarter of current financial year.
Source: NDTV Profit
