Top 10 Small Savings Schemes for Retail Investors

by priyanka roshan | june 26, 2024

This long-term investment scheme offers attractive tax benefits under Section 80C of the Income Tax Act, with a fixed annual compounded interest rate and extendable 15-year maturity in blocks of 5 years.

Public Provident Fund (PPF)

It aims to ensure financial security for the girl child, offering parents or guardians a dedicated savings avenue for her education and marriage expenses.

Sukanya Samriddhi Yojana

It is a secure investment option backed by the governemnt, offering fixed income through predetermined interest rate, maturity period of 5 to 10 years and tx benefits under Section 80C.

National Savings Certificate (NSC)

POMIS offers a fixed monthly interest rate aimed at investors seeking regular income, with a 5-year maturity period ideal for steady income streams.

Post Office Monthly Income Scheme (POMIS)

SCSS caters to seniors aged 60 and above with higher interest rates, quarterly payouts, and a 5-year maturity extendable by 3 years.

Senior Citizen Savings Scheme (SCSS)

KVP doubles the invested amount over about 10 years, ideal for medium-term savings with guaranteed returns upon maturity, popular among risk-averse investors.

Kisan Vikas Patra (KVP)

It is a post office fixed deposit with flexible tenures from 1 to 5 years, offering a fixed interest rate for capital protection and predictable returns.

Post Office Time Deposit (POTD)

It offers steady post-retirement income with fixed monthly pension payouts based on contributions and entry age, ensuring financial security for unorganized sector workers in old age.

Atal Pension Yojana (APY)

It is a pension scheme exclusively for senior citizens, offering guaranteed pension payouts at a specified interest rate.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

This is a basic savings account provided by the post office, offering easy accessibility and liquidity, and nominal interest rates compared to other schemes.

Post Office Savings Account