Small Savings Schemes
Government-backed schemes ideal for conservative investors and safe, long-term savings.
Popular Schemes
- PPF (Public Provident Fund) — 15-year account offering tax-free interest and Section 80C benefits.
- NSC (National Savings Certificate) — 5-year tenure, fixed interest, eligible under Section 80C.
- SCSS (Senior Citizens Savings Scheme) — 5-year scheme with high interest, quarterly payouts, and tax benefits for senior citizens.
- Post Office FDs — Fixed deposit accounts with assured returns and flexible tenures.
- Sukanya Samriddhi Yojana — For the girl child; attractive interest and EEE (Exempt-Exempt-Exempt) tax benefits.
- Kisan Vikas Patra (KVP) — Doubles your investment at a preset interval; safe and government-backed.
Why Small Savings?
Small savings schemes offer steady returns, sovereign security, and are ideal for those who prioritize capital protection over market-linked growth. They complement mutual fund investments in a balanced portfolio.
Tax Treatment
- Most small savings schemes qualify under Section 80C of the Income Tax Act.
- PPF and Sukanya Samriddhi offer tax-free interest and maturity under EEE status.
- Interest from NSC, SCSS, and Post Office FDs is taxable as per income slab.
For a personalized small savings–mutual fund allocation strategy, reach out to My Fund Guide.