The government provides a string of small savings schemes that offer guaranteed returns. PPF, KVP, SCSS, Sukanya Samriddhi and Post Office TD are some of the popular financial instruments available at post offices.
Read on to know the interest rates offered by these small savings schemes for the second quarter of FY25.
Money deposited in the Post Office Savings Account yields a return of 4% compounded annually.
The Post Office Time Deposit Account - which essentially is a fixed deposit - comes in four maturity options, ranging from one year to five years.
The one-, two-, three- and five-year TD accounts offer interest rates of 6.9%, 7%, 7.1% and 7.5%, respectively, compounded quarterly.
Deposits in the five-year Recurring Deposit scheme grow at an annual 6.7% compounded quarterly.
The Post Office Senior Citizen Savings Scheme (SCSS) offers an interest of 8.2% per annum compounded quarterly.
The Post Office Monthly Income Scheme yields a return of 7.4% per annum compounded monthly.
The Post Office National Savings Certificate (VIII Issue) scheme provides a return of 7.7% compounded annually.
The 15-year Public Provident Fund savings scheme offers a return of 7.1% compounded annually.
The Post Office Kisan Vikas Patra (certificate) scheme offers a return of 7.5% compounded annually.
Mahila Samman Savings Certificate
This special small savings scheme offers a return of 7.5% compounded quarterly.
Post Office SSA
Another special scheme, the Sukanya Samriddhi Account (SSA) yields a return of 8.2% compounded annually.