PPF, NSC, SCSS, Sukanya Samriddhi, check new interest rates, benefits: Post Office Saving Schemes
The following is a list of these plans, along with their new interest rates and benefits.
India Post offers a variety of post office savings plans that provide safe investments and returns. All of India's post offices offer a variety of risk-free investing opportunities.
The Public Provident Fund (PPF), the National Savings Certificate (NSC), the Senior Citizen Program, and Sukanya Samriddhi are all components of the plan.
1. Public Provident Fund (PPF):
The Public Provident Fund (PPF) has an annual interest rate of 7.1% that is compounded annually. The maximum amount that can be paid in a fiscal year is Rs 1,50,000, while the minimum fee is Rs 500.
2. National Savings Certificate (NSC)
The Public Provident Fund (PPF) has an annual interest rate of 7% that is compounded annually.
3. Senior Citizen's Savings Scheme (SCSS)
This plan has an annual interest rate of 8%. The maximum amount that can be invested is Rs 15 lakh.
4. Sukanya Samriddhi Yojana
The rate of interest of this scheme is up to 7.6 percent which is calculated annually and compounded annually.
5. Kisan Vikas Patra (KVP)
This scheme has an annual compound interest rate of up to 7.2 percent. In 120 months, the amount invested in this scheme doubles.
