Top 7 Small Savings Schemes for Retail Investors in 2024

Public Provident Fund

This long-term investment scheme provides appealing tax benefits under Section 80C of the Income Tax Act.

Sukanya Samriddhi Yojana 

It aims to ensure financial security for the girl child, providing parents with a dedicated savings option for her education and marriage. 

National Savings Certificate

Government-backed investment providing fixed income through a predetermined interest rate.

Post Office Monthly Income Schemes

It offers a monthly interest rate designed for investors seeking regular income, with a 5 year maturity period ideal for steady income streams.

Senior Citizen Savings Scheme

Seniors aged 60 and above can benefit from a higher interest rate, quarterly payouts, and a 5-year maturity period, extendable by an additional 3 years. 

Kisan Vikas Patra

Doubles the invested amount in just over 10 years, making it ideal for medium-term savings with guaranteed returns upon maturity.

Post Office Time Deposit

Fixed deposit options with flexible tenures ranging from 1 to 5 years, providing a fixed interest rate for capital protection and predictable returns.

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