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. 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 ALSO READ | Sukanya Samriddhi Yojana details: Interest rate, Calculator, eligibility, deposit limit; how and where to open account