Some banks offer higher interest rates on Fixed Deposits (FDs) compared to Sukanya Samriddhi Yojana (SSY), making FDs more appealing for investors seeking fixed returns
Public provident fund (PPF), Sukanya Samriddhi Account (SSA), National Savings Certificate (NSC) are among the popular instruments that offer deductions under section 80C.
Government keeps the interest rates unchanged on various small savings schemes for April-June 2024; know latest rates on PPF, post office deposits, Sukanya Samriddhi Yojana, Kisan Vikas Patra
Post office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yojana and on select Post Office time deposits for the January-March 2024 quarter. The government assesses the interest rates of small savings schemes on a quarterly basis.
The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually