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Small Savings Schemes: If you want to invest your accumulated capital for better returns then this news is for you. Let us tell you that Post Office offers many small savings schemes to customers. These post office schemes include Sukanya Samriddhi Yojana, National Saving Certificate, Post Office Time Deposit and Senior Citizen Saving Scheme. Under these savings plans, you get interest on a quarterly basis. Let us know in detail about the interest rates available in the July-September quarter.
Public Provident Fund (PPF)
Public Provident Fund i.e. PPF is a long term tax saving scheme which matures after 15 years. Under this scheme customers get 7.1% interest.
Senior Citizen Savings Scheme
Under the Senior Citizen Savings Scheme, anyone above the age of 60 years can invest up to Rs 30,0000 throughout his life. Under this scheme customers are getting 8.20% interest.
Sukanya Samriddhi Yojana
Customers are getting 8% interest under Sukanya Samriddhi Yojana, a popular girl child savings scheme offered by the Post Office.
National Savings Scheme
Under the National Savings Certificate Scheme with a lock-in period of 5 years, customers are getting 7.7% interest.
Post Office Monthly Income Scheme
Under Post Office Monthly Income Scheme, customers are getting 7.40% interest.