10 Best Savings Scheme

10 Best Govt Savings Schemes: Which One Should You Opt? Check New Interest Rates, Features

National Savings (Monthly Income Account) Scheme

Minimum Deposit: Rs 1000 Interest Rate: 7.4 percent (April 1, 2023- June 30, 2023) Maturity Period: 5 years

National Savings Time Deposit Account

Minimum Deposit: Rs 1000 Interest Rate: 6.8 percent (April 1, 2023- June 30, 2023), 6.8 percent (1 year), 6.9 percent (3 years), 7.5 percent (5 years) Maturity Period: 1 or 2 or 3 or 5 years

Senior Citizens Savings Scheme

Minimum Deposit: Rs 1000 Interest Rate: 8.2 percent (April 1, 2023- June 30, 2023) Maturity Period: 5 years

National Saving Certificate

Minimum Deposit: Rs 1000 Interest Rate: 7.7 percent (April 1, 2023- June 30, 2023) Maturity Period: 5 years

Public Provident Fund Scheme

Minimum Deposit: Rs 500 Interest Rate: 7.1 percent (April 1, 2023- June 30, 2023)

Sukanya Samriddhi Yojana

Minimum Deposit: Rs 250 Interest Rate: 8 percent (April 1, 2023- June 30, 2023) Maturity Period: 21 years

Mahila Samman Savings Certificate

Deposit Option: One-time new small savings scheme Interest Rate: 7.5 percent Maturity Period: 2 years

Kisan Vikas Patra

Minimum Deposit: Rs 1000 Interest Rate: 7.5 percent Maturity Benefits: Money Doubles At Maturity

Recurring Deposit Account Scheme

Minimum Deposit: Rs 100 Interest Rate: 6.2 percent Maturity Period: 5 years

Post Office Saving Account

Minimum Deposit - Rs 500 Maximum Deposit - unlimited Minimum Age: 10 Years Guardian can open an account on behalf of a child below 10 years Interest Rate: 4% Income Tax Deduction: Up to Rs 10,000 qualifies for deduction in a financial year under the Income tax Act