National Savings movement: Presently 9 schemes in operation, says Finance Ministry - check details about all savings schemes, including PPF

The Ministry of Finance on Monday said that presently nine National Savings Schemes are in operation. The Ministry gave details regarding the schemes, including gross deposits under the schemes and number of beneficiaries.

"National Savings movement was started in 1948 and since then many schemes to suit the varying needs have been introduced and have been discontinued also keeping in view the changing needs. Presently, 9 Schemes are in operation," the Finance Ministry tweeted.

See Zee Business Live TV Streaming Below:

The nine National Savings Schemes are:

1. Public Provident Fund: The objective of the scheme is to provide savings opportunity to unorganized sector, businessman, professionals and also those salaried class people who are not covered by provident fund. Gross deposits under the scheme have increased by 67 percent over the last 5 years and 1.79 crore persons have been benefitted by virtue of opening accounts under the scheme.

2. Sukanya Samriddhi Account: The objective of the scheme is to secure future of girl child and make funds available for her higher education and marriage. According to the information provided by the Ministry, gross deposits under the scheme have increased by 310 percent over the last 5 years and 2.45 crore girl children have been benefitted by virtue of opening accounts under the scheme.

Sukanya Samriddhi Account
Gross deposits under the scheme have increased by 310% over the last 5 years.
2.45 crore girl children have been benefitted by virtue of opening accounts under the Scheme#AazadiKaAmritMahotsav pic.twitter.com/t1KnZQBdJX

— Ministry of Finance (@FinMinIndia) October 4, 2021

Senior Citizen Savings Scheme
Gross deposits under the scheme have increased by 195% over the last 5 years.
51.17 lakh Senior Citizens have been benefitted by virtue of opening accounts under the scheme.#AazadiKaAmritMahotsav pic.twitter.com/hJ9fGytJHn

— Ministry of Finance (@FinMinIndia) October 4, 2021

3. Senior Citizen Savings Scheme: Objective of the scheme is to provide regular income to senior citizens for day-to-day expenses. Gross deposits under the scheme have increased by 195 percent over the last 5 years and 51.17 lakh senior citizens have been benefitted by virtue of opening accounts under the scheme.

4. National Savings Time Deposit: Objective of the scheme is to provide investment opportunity for those savers who have accumulated funds and want to save for future needs. Gross deposits under the scheme have increased by 158 percent over the last 5 years and 1.82 crore persons have been benefitted by virtue of opening accounts under the scheme.

National Savings Recurring Deposit Account
Gross deposits under the scheme have increased by 72% over the last 5 years.
11.10 crore persons have been benefitted by virtue of opening accounts under the scheme#AazadiKaAmritMahotsav pic.twitter.com/w9Gw2yqLTx

— Ministry of Finance (@FinMinIndia) October 4, 2021

5. National Savings Recurring Deposit: Objective of the scheme is to provide regular savings opportunity to small savers to meet unforeseen expenses in future. Gross deposits under the scheme have increased by 72 percent over the last 5 years and 11.10 crore persons have been benefitted by virtue of opening accounts under the scheme.

6. National Savings (Monthly Income Account) Scheme: The objective of the scheme is to provide fixed regular income to that segment of the society who have retired or who have completed their active life and want regular monthly income. Gross deposits under the scheme have increased by 33 percent over the last 5 years and 1.10 crore persons have been benefitted by virtue of opening accounts under the scheme.

National Savings Certificate (VIII issue)
Gross deposits under the scheme have increased by 229% over the last 5 years.
5.35 crore persons have been benefitted by virtue of opening accounts under the scheme#AazadiKaAmritMahotsav pic.twitter.com/JUOyRK497C

— Ministry of Finance (@FinMinIndia) October 4, 2021

7. National Savings Certificate (VIII Issue): The objective of the scheme is to provide opportunity to those savers who want to avail income tax benefits and also meet their short-term financial requirements. Gross deposits under the scheme have increased by 229 percent over the last 5 years and 5.35 crore persons have been benefitted by virtue of opening accounts under the scheme.

8. Kisan Vikas Patra: Objective of the scheme is to provide opportunity to the segment of the society having seasonal and irregular income. Gross deposits under the scheme have increased by 5 percent over the last 5 years and 4.11 crore persons have been benefitted by virtue of opening accounts under the scheme.

Post Office Savings Account
Gross deposits under the scheme have increased by 133% over the last 5 years.
11.59 crore persons have been benefitted by virtue of opening accounts under the scheme#AazadiKaAmritMahotsav pic.twitter.com/3Pt2omcBQO

— Ministry of Finance (@FinMinIndia) October 4, 2021

9. Post Office Savings Account: The objective of the scheme is to inculcate habit of thrift among masses and also meet the objective of financial inclusion. Gross deposits under the scheme have increased by 133 percent over the last 5 years and 11.59 crore persons have been benefitted by virtue of opening accounts under the scheme.