PPF vs. Post Office FDs vs. NSC: Making The Right Investment Choices In Comparison To Bank FDs

Investors seeking fixed-income investing opportunities have several possibilities. The most popular is fixed deposits. There are, however, alternative possibilities, such as modest savings plans such as public provident funds, national savings certificates, and post office deposits, which provide set returns and are supported by the government. Below we have mentioned the interest rates on bank FDs and small savings programs.

Latest Interest Rates On Small Savings Schemes

The interest rates for the current quarter October-December 2023 are as follows:

Small Savings SchemesInterest Rate
Savings Deposit4 per cent
1-Year Post Office Time Deposits6.9 per cent
2-Year Post Office Time Deposits7.0 per cent
3-Year Post Office Time Deposits7 per cent
5-Year Post Office Time Deposits7.5 per cent
5-Year Recurring Deposits6.7 per cent
National Saving Certificates (NSC)7.7 per cent
Kisan Vikas Patra7.5 per cent
Public Provident Fund7.1 per cent
Sukanya Samriddhi Account8.0 per cent
Senior Citizens Savings Scheme8.2 per cent
Monthly Income Account7.4 per cent

Latest Interest Rates On Bank FD

Among the main banks, HDFC Bank offers FD interest rates of up to 7.75 per cent, depending on deposit duration and depositor age. PNB offers FD rates of up to 7.75 per cent per year, whereas SBI offers rates of up to 7.50 per cent per year.

Find Your Daily Dose of NEWS and Insights - Follow ViralBake on WhatsApp and Telegram

Stuti Talwar

Expressing my thoughts through my words. While curating any post, blog, or article I'm committed to various details like spelling, grammar, and sentence formation. I always conduct deep research and am adaptable to all niches. Open-minded, ambitious, and have an understanding of various content pillars. Grasp and learn things quickly.

Related Articles

Back to top button

AdBlocker Detected

Please Disable Adblock To Proceed & Used This Website!