What are post office small savings schemes?▼
These are government-backed savings instruments offered through India Post — including NSC, KVP, SCSS, SSY, PPF, and time deposits. They offer guaranteed returns with sovereign backing.
Are post office schemes tax-free?▼
SSY and PPF are fully tax-free (EEE). NSC interest is taxable but eligible for 80C. SCSS interest is taxable. KVP has no tax benefit on investment.
What is the current NSC interest rate?▼
NSC currently offers 7.7% p.a. compounded annually for a 5-year tenure. Rates are revised quarterly by the government.
Who can invest in SCSS?▼
Senior Citizens Savings Scheme is for individuals aged 60+ (or 55+ for retired defence/government employees). Maximum investment is ₹30 lakh.
How does Sukanya Samriddhi work?▼
SSY is for girl children below 10 years. Parents deposit ₹250-₹1.5L annually for 15 years. The account matures in 21 years from opening. Interest is tax-free.