Which Post Office Scheme Attracts Highest Rate of Interest

  1. Time Deposit
  2. Sukanya Samriddhi Account
  3. Monthly Income Scheme
  4. Recurring Deposit
Monis Rasool Professor Asked on 11th June 2015 in Finance.
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  • 2 Answer(s)

    Sukanya Samriddhi Account

    Sukanya Samriddhi Accounts is an Indian post Office Scheme. This Scheme is especially for Girl. Interest rate on this Scheme is 9.20% which is effected from 1st April 2015. (tax Deduction u/s 80C;  Interest Income Tax-Exempt; Investment Limit Rs.3 lakh for 2 Girl Children). Here is some similar scheme of Indian Post Office also, PPF, Senior Citizens Scheme. To make these scheme more attractive, the interest rate for sukanya samriddhi Yojana has been increased to 9.2% from 9.1% and Senior Citizens Saving Scheme, the rate has been hiked to 9.3% from 9.2% earlier.

    Monis Rasool Professor Answered on 13th June 2015.
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    Sukanya Samriddhi Scheme was no doubt launched as best & highest interest small deposit scheme.  Personally I feel the interest rate should not be reduced such a way at least for this scheme, as this account is linked with a social purpose. Rather than just providing another investment options.

    SantanuDebnath Default Answered on 28th May 2016.
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