Better than FDs: Top 5 govt savings schemes with higher interest
Banks are frequently reducing FD interest rates. For those seeking risk-free investments, post office government schemes are a great option, offering higher returns than FDs without the risk.
| Published : May 27 2025, 08:47 AM
1 Min read
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 "1- Senior Citizen Savings Scheme (SCSS)")
1- Senior Citizen Savings Scheme (SCSS)
The post office's Senior Citizen Savings Scheme offers 8.2% annual interest. Minimum investment is Rs 1000, maximum Rs 30 lakh. It also offers tax benefits under Section 80C.
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2- Monthly Income Scheme (MIS)
While most banks offer 6.5% to 7% interest on FDs, the post office's MIS offers 7.4% annually, making it a higher-yielding option.
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3- Kisan Vikas Patra (KVP)
KVP offers 7.5% annual interest, doubling your money in 115 months (9.5 years). It's a great scheme for risk-free returns.
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4- National Savings Certificate (NSC)
NSC offers 7.7% annual interest. The minimum deposit is Rs 1000, with no maximum limit. This scheme also offers tax benefits.
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5- Mahila Samman Savings Certificate (MSSC)
MSSC currently offers 7.5% annual interest. However, it doesn't offer tax benefits. Interest earned is taxed as per your income tax slab.
