Post Office: If you have invested money in any small savings scheme like PPF, Kisan Vikas Patra (KVP) or Sukanya Samriddhi (SSY), then this is the news of your work.
Post Office Small Savings Scheme: Many government schemes are being run by the Central Government. If you have invested money in any small saving scheme like PPF, Kisan Vikas Patra (KVP) or Sukanya Samriddhi (SSY), then this is the news of your work. These days, where the stock market is witnessing a big decline due to the Ukraine crisis, investors are a little worried about their money, where to invest.
Small savings scheme
If you are also in tension about where to invest your money, then Small Savings Scheme can be a best option for you. Today we will tell you how much benefit you get on which savings scheme.
Check where you are getting the benefit of interest-
Post Office Savings Account – In this account, customers get the benefit of interest at the rate of 4 percent. In this, the compounding frequency remains annually.
1 Year Time Deposite Account
In this, you get interest at the rate of 5.5 percent. At the same time, the compounding frequency is on a quarterly basis.
2 Years Time Deposite Account
In this, you get interest at the rate of 5.5 percent. At the same time, the compounding frequency is on a quarterly basis.
3 Years Time Deposite Account
In this, you get interest at the rate of 5.5 percent. At the same time, the compounding frequency is on a quarterly basis.
5 Years Time Deposite Account
In this, you get interest at the rate of 6.7 percent. At the same time, the compounding frequency is on a quarterly basis.
Monthly Income Scheme
In this post office scheme, account holders get the benefit of interest at the rate of 6.6 percent. Apart from this, the compounding frequency is on a monthly basis.
Kisan Vikas Patra
In this scheme, the benefit of interest is available at the rate of 6.9 percent. At the same time, the compounding frequency is on an annual basis.
Public Provident Fund
In PPF, you will get the benefit of interest at the rate of 7.1 percent. At the same time, the compounding frequency is on an annual basis.
Sukanya Samriddhi Yojana
In this government scheme started for daughters, the benefit of interest will be available at the rate of 7.6 percent. The compounding frequency is done on an annual basis.
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