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Sukanya Samriddhi Yojana, PPF and KVP get better returns, know interest rates

Sukanya Samriddhi Yojana is getting 7.6 percent interest




Small Savings Schemes: Due to Corona virus, there is economic slowdown all over the world. In such a situation, many people are looking for better returns. So that there is good earning on investing. In such a situation, you can get better returns by investing in a small savings account. You can get better returns in many post office schemes including Sukanya Samriddhi Yojana (SSY), Kisan Vikas Patra (KVP), RD and PPF. The specialty of the post office scheme is that there is no risk here and returns are also good. Know what is the interest rate in which scheme …

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Sukanya Samriddhi Yojana

Investments can be made in this scheme in the name of daughters. In this scheme, interest can be received at the rate of 7.6 percent. Earlier it had 8.4 per cent interest. Up to Rs 1.5 lakh can be invested in this scheme throughout the year. There is also an exemption under the Income Tax Act 80C. You can invest in the name of a daughter up to 10 years of age.

Public Provident Fund – PPF

The scheme is getting 7.10 percent interest. One can invest from Rs 500 to Rs 1,50,000 annually. Its maturity limit is 15 years. There is also the benefit of income tax rebate.

Kisan Vikas Patra (KVP)

Account can be opened in Kisan Vikas Patra with a minimum of 1000 rupees. 6.9 percent interest is being received in this scheme. In 2.5 years you can withdraw the investment in this scheme. It is promised in the Kisan Vikas Patra that this AAP investment will double in 10 years 4 months i.e. 124 months.




Senior Citizen Savings Scheme (SCSS)

In this scheme for the elderly, you can invest from a minimum of Rs 1,000 in a year. This scheme can be taken for 5 years. That is, you cannot withdraw money for 5 years. 7.4 percent interest is being received.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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