Which small saving scheme is earning the most money, see the complete list here

If you are planning to invest in a small savings scheme, then it is important to know which scheme is giving how much return. This method of investment is for those who are looking for a safe investment option, i.e., they are planning to invest in a place other than the stock market or schemes like mutual funds. 

In these small savings schemes, the investor not only gets good returns, but also gets income tax exemption of Rs 1.5 lakh under section 80C of the Income Tax Act, 1961. Let us also tell you which small savings scheme is giving how much return.

This is the return you are getting in small saving scheme

• Post Office Savings Account: Anyone can open an account alone or jointly with someone. This account can be opened by depositing a minimum of Rs 500. There is no maximum limit. This account gives a return of 4 percent per annum.
• Recurring Deposit: This account can be opened with a monthly deposit of Rs 100. More than this can be deposited in multiples of a minimum of Rs 10. Recurring deposit account earns 6.7 percent interest.
• Monthly Income Scheme: This account can be opened with a minimum of Rs 1,000 and in multiples of Rs 1,000. A maximum of Rs 9 lakh can be deposited in a single account and Rs 15 lakh in a joint account. This account gives an annual return of 7.4 per cent.
• Senior Citizen Saving Scheme: The minimum amount that can be deposited in this account is Rs 1,000 and in multiples of Rs 1,000. Senior citizens can invest a maximum of Rs 30 lakh in this account. This account gives an annual return of 8.2 per cent.
• Public Provident Fund: In a financial year, a minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested in PPF. In this scheme, investors get a return of 7.1 percent.
• Sukanya Samriddhi Account: In this scheme, a minimum deposit of Rs 250 and a maximum of Rs 1.50 lakh (in multiples of Rs 50) can be made in lump sum or in multiple installments in a financial year. Investors get a return of 8.2 percent in this scheme.
• National Savings Certificate (Eighth Issue): In this scheme, minimum amount can be deposited in multiples of Rs 1,000 and Rs 100. The special thing is that there is no maximum limit in this scheme. Investors get 7.7 percent return in this scheme.
• Kisan Vikas Patra: In this scheme, investors can deposit a minimum of Rs 1000 and in multiples of Rs 100. There is no maximum limit. In this scheme, investors get a return of 7.5 percent.
• Mahila Samman Saving Certificate: Any woman can invest in this scheme with a minimum of Rs 1,000 and in multiples of Rs 100. The maximum limit is Rs 2 lakh. It gives an annual return of 7.5 per cent.