New Delhi.  To promote savings, the government is running many small savings schemes . There is no risk in these small savings schemes and guaranteed returns are available. Apart from this, the government revises the interest rates of these schemes every quarter.

If you are also thinking of investing in small savings scheme, then today we will tell you how much interest you will get on which scheme.

Recurring Deposit

The government had started the Recurring Deposit Scheme for small investors. In this scheme, investors get an interest of 6.7 percent per annum. Apart from this, the minimum investment amount in this scheme is Rs 100, which means good savings even with less money.

Time Deposit

If you are thinking of investing for one, two or three years, then Time Deposit Scheme is very good. The minimum amount in this is Rs 1000. Apart from this, this scheme also provides the benefit of tax exemption under Section 80C of Income Tax.

• Time deposit scheme offers 6.9% interest for 1 year.
• An interest of 7.0 per cent is received on two-year investment.
• Interest of 7.1 percent is available for three years.
• An interest of 7.5 per cent is available on an investment of five years.

PPF

Public Provident Fund (PPF) is also a very popular small savings scheme. In this, investors have to deposit a minimum of Rs 500 and a maximum of Rs 1.5 lakh every year. PPF gives an interest of 7.1 percent annually and this scheme also offers tax benefits.

Senior Citizen Saving Scheme

Senior Citizen Saving Scheme (SCSS) is also a very good option. This scheme gives an interest of 8.2 percent per annum. The maximum investment in this scheme is Rs 30 lakh and the minimum investment is Rs 1,000. If the interest amount in this scheme exceeds Rs 50,000, then tax is levied.

Post Office Monthly Income Scheme

You can deposit a fixed amount every month in the Post Office Monthly Income Scheme (POMIS). It gives an interest of 7.4 percent per annum. To open a Monthly Income Scheme account, you have to invest at least Rs 1000.

If you open a single monthly scheme account, then you can invest a maximum of Rs 9 lakh and if it is a joint account, then you can invest Rs 15 lakh.

National Savings Certificate

Investment is made in National Savings Certificate (NSC) for five years. This scheme gives an annual interest of 7.7 percent. Tax deduction benefit is available in this scheme and the special thing is that there is no maximum investment limit in it. Yes, a minimum investment of Rs 1,000 has to be made.

Kisan Vikas Patra

Kisan Vikas Patra (KVP) is also a very good option. In this, the investment amount doubles in about 9 years and 7 months. Currently, the investor gets an interest of 7.5 percent per annum in this scheme.

Mahila Samman Savings Certificate

The government has launched the Mahila Samman Savings Certificate Scheme for women. This scheme gives an interest of 7.5 percent per annum.

Sukanya Samriddhi Scheme

Sukanya Samriddhi Yojana (SSY) was started by the government for the bright future of daughters. It gives an interest of 8.2 percent per annum. In this scheme, a minimum of Rs 250 and a maximum of Rs 1.5 lakh has to be deposited every year.