In India, saving schemes include a plethora of products that are intended for a wide segment of potential customers. These are predominantly the post office-run schemes that are easily accessible to investors in urban as well as rural areas. Despite the constant rate cuts, government-backed small savings schemes remain to be popular amongst all classes of people in India. The table below enlists the tenure, interest rate, tax treatment and effective yield of some of the most popular instruments. Find out what suits you the best.
You can learn everything you need to know about the above schemes on the links below:
Post Office Monthly Income Scheme
Senior Citizens' Saving Scheme
| Scheme | FY18(Q2) | FY18(Q1) | FY17 | FY16 | FY15 | FY14 | FY13 | |
| PORD 5 year | 7.1 | 7.2 | 7.35 | 8.4 | 8.4 | 8.3 | 8.4 | |
| POTD 1 year | 6.8 | 6.9 | 7.05 | 8.4 | 8.4 | 8.2 | 8.2 | |
| POTD 2 year | 6.9 | 7 | 7.15 | 8.4 | 8.4 | 8.2 | 8.3 | |
| POTD 3 year | 7.1 | 7.2 | 7.35 | 8.4 | 8.4 | 8.3 | 8.4 | |
| POTD 5 year | 7.6 | 7.7 | 7.85 | 8.5 | 8.5 | 8.4 | 8.5 | |
| POMIS | 7.5 | 7.6 | 7.75 | 8.4 | 8.4 | 8.4 | 8.5 | |
| PPF | 7.8 | 7.9 | 8.05 | 8.7 | 8.7 | 8.7 | 8.8 | |
| SSS | 8.3 | 8.4 | 8.55 | 9.2 | 9.1 | - | - | |
| SCSS | 8.3 | 8.4 | 8.55 | 9.3 | 9.3 | 9.2 | 9.3 | |
| NSC | 7.8 | 7.9 | 8.05 | 8.5 | 8.5 | 8.5 | 8.6 | |
| KVP | 7.5 | 7.6 | 7.75 | 8.7 | 8.7 | N/A | N/A | |
| PMVVY | 8 | - | ||||||
| RBI 8% | 8 | |||||||
| Index PORD - Post Office Recurring Deposit POTD - Post Office Time Deposit POMIS - Post Office Monthly Income Scheme SCSS - Senior Citizen Savings Scheme NSC - National Savings Certificate SSS - Sukanya Samriddhi Scheme |
||||||||