Sukanya Samriddhi Yojana Post Office vs PPF vs NSC vs Small Savings Account vs Kisan Vikas Patra: Rates compared

Sukanya Samriddhi Yojana Post Office account vs PPF vs NSC vs Kisan Vikas Patra vs Small Savings: After a long wait, the Government of India has hiked interest rates for Small Savings Schemes.

Sukanya Samriddhi Yojana Post Office account vs PPF vs NSC vs Kisan Vikas Patra vs Small Savings: After a long wait, the Government of India has hiked interest rates for Small Savings Schemes. The change in Small Savings Schemes rates is to be notified on a Quarterly Basis with the approval of the Union Finance Minister. The Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018 have been announced.

Sukanya Samriddhi Yojana Post Office vs PPF vs NSC vs Small Savings Account vs Kisan Vikas Patra: The latest rates of interest on the basis of the interest compounding/payment built-in in the schemes are:

Instrument	Rate of interest w.r.t. 01.07.2018 to 30.09.2018	Rate of interest w.r.t. 01.10.2018 to 31.12.2018	Compounding frequency*
Savings Deposit	4	4	Annually
1 Year Time Deposit	6.6	6.9	Quarterly
2 Year Time Deposit	6.7	7	Quarterly
3 Year Time Deposit	6.9	7.2	Quarterly
5 Year Time Deposit	7.4	7.8	Quarterly
5 Year Recurring Deposit	6.9	7.3	Quarterly
5 Year Senior Citizen Savings Scheme	8.3	8.7	Quarterly and paid
5 Year Monthly Income Account	7.3	7.7	Monthly and paid
5 Year National Savings Certificate	7.6	8	Annually
Public Provident Fund Scheme	7.6	8	Annually
KisanVikasPatra	7.3 (will mature in 118 months)	7.7 (will mature in 112 months)	Annually
SukanyaSamriddhi Account Scheme	8.1	8.5	Annually

* No Change