Key idea
A family of government-backed schemes for specific goals, offering safety and steady, often tax-advantaged returns.
Beyond PPF, the government runs several small savings schemes, each aimed at a particular saver or goal. They share the same qualities: safety, government backing, and fixed rates reviewed each quarter. They are stability tools, not growth engines.
The main schemes
| Scheme | Rate | For |
|---|---|---|
| Sukanya Samriddhi (SSY) | 8.2% | A girl child under 10 |
| Senior Citizens' Savings (SCSS) | 8.2% | Those aged 60+ |
| National Savings Certificate (NSC) | 7.7% General 5-year saving | |
| Kisan Vikas Patra (KVP) | 7.5% Doubling over a set period | |
| Post Office MIS | 7.4% | Monthly income |
Where Sukanya Samriddhi stands out
Sukanya Samriddhi Yojana is designed for a girl child's future (education, marriage). It carries one of the highest small-savings rates, enjoys EEE-style tax treatment, and qualifies for 80C, making it a popular long-term vehicle for parents. Contributions run for a set number of years, with maturity linked to the child's age. Rates shown are for the Jul to Sep 2026 quarter and are reviewed quarterly. Confirm the current rate.
Small savings schemes are safe, goal-specific, and steady. They suit stability and specific life goals rather than high growth. Which, if any, fits your situation is your decision.
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