If you are also planning to invest in any of these schemes, then first know how much interest is available on them.
New Delhi. Many small savings schemes are being run by the government. The interest rate on these savings schemes also changes every quarter. Investing in these small savings schemes gives interest ranging from 4 to 7.6 percent. Today we are going to tell about some savings schemes, in which you can get guaranteed returns by investing.
These schemes include Kisan Vikas Patra (KVP), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and Sukanya Samriddhi Yojana. If you are also planning to invest in any of these schemes, then first know how much interest is available on them.
Sukanya Samriddhi Yojana
This scheme is only for daughters up to 10 years and is very popular. At present, it is getting 7.6 percent interest. In this scheme, a person can open an account for his two daughters. At the age of 21, daughters can withdraw money from this account. In this scheme, the amount will double in 9 years 4 months.
Public Provident Fund (PPF)
PPF is the most popular tax saving scheme. The investment made in this matures in 15 years. There is a lock-in period of 5 years in PPF investment. A minimum investment of up to Rs 500 can be made in this. At present, interest of 7.1 percent is being given in this.
Senior Citizen Savings Scheme (SCSS)
: People who are above 60 years of age can invest up to Rs 15 lakh in their lifetime to earn a regular income. Senior citizens husband and wife together can invest up to Rs 30 lakh in this scheme. It has a lockin of 5 years i.e. cannot withdraw money from it for 5 years. At present, 7.4 percent interest is being given on this.
Kisan Vikas Patra (KVP)
Account can be opened in Kisan Vikas Patra with a minimum of Rs 1000. It is currently getting 6.9 percent annual interest. In Kisan Vikas Patra it is promised that your investment will double in 10 years 4 months.
