Sukanya Samriddhi Yojana Post Office vs PPF vs NSC vs Small Savings Account vs Kisan Vikas Patra: Rates compared
Sukanya Samriddhi Yojana Post Office account vs PPF vs NSC vs Kisan Vikas Patra vs Small Savings: After a long wait, the Government of India has hiked interest rates for Small Savings Schemes.
Sukanya Samriddhi Yojana Post Office account vs PPF vs NSC vs Kisan Vikas Patra vs Small Savings: After a long wait, the Government of India has hiked interest rates for Small Savings Schemes. The change in Small Savings Schemes rates is to be notified on a Quarterly Basis with the approval of the Union Finance Minister. The Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018 have been announced.
Sukanya Samriddhi Yojana Post Office vs PPF vs NSC vs Small Savings Account vs Kisan Vikas Patra: The latest rates of interest on the basis of the interest compounding/payment built-in in the schemes are:
| Instrument | Rate of interest w.r.t. 01.07.2018 to 30.09.2018 | Rate of interest w.r.t. 01.10.2018 to 31.12.2018 | Compounding frequency* |
| Savings Deposit | 4 | 4 | Annually |
| 1 Year Time Deposit | 6.6 | 6.9 | Quarterly |
| 2 Year Time Deposit | 6.7 | 7 | Quarterly |
| 3 Year Time Deposit | 6.9 | 7.2 | Quarterly |
| 5 Year Time Deposit | 7.4 | 7.8 | Quarterly |
| 5 Year Recurring Deposit | 6.9 | 7.3 | Quarterly |
| 5 Year Senior Citizen Savings Scheme | 8.3 | 8.7 | Quarterly and paid |
| 5 Year Monthly Income Account | 7.3 | 7.7 | Monthly and paid |
| 5 Year National Savings Certificate | 7.6 | 8 | Annually |
| Public Provident Fund Scheme | 7.6 | 8 | Annually |
| KisanVikasPatra | 7.3 (will mature in 118 months) | 7.7 (will mature in 112 months) | Annually |
| SukanyaSamriddhi Account Scheme | 8.1 | 8.5 | Annually |
| * No Change |
*Source: PIB
ALSO READ | Sukanya Samriddhi Yojana details: Interest rate, Calculator, eligibility, deposit limit; how and where to open account
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
03:42 PM IST
From Aadhaar to PPF to credit cards, 5 key changes that impact your money this month
NPS Vatsalya vs Sukanya Samriddhi Calculator: Which will help generate higher corpus on Rs 10,000 monthly contribution for 15 years?
Post office SSY: Rs 1.50 lakh yearly investment in this guaranteed scheme can arrange money for education and marriage of your daughter
SSY: Rs 12,500 pm investment will help you get nearly Rs 70 lakh for your girl child in this scheme; know how 
International Women's Day 2024: How Rs 5K monthly investment can become Rs 28 lakh in this scheme