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Sukanya Samriddhi Yojana Post Office vs PPF vs NSC vs Small Savings Account vs Kisan Vikas Patra: Rates compared
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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.
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The Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 have been announced. Representational Image/Pixabay
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 |
| * No Change |
*Source: PIB
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