Govt Schemes With The Highest Interest Rate

[{"selector":"#anim-3b9b9957-2ada-4626-8bf9-716d7474fcf4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Few government schemes offer higher interest than your bank’s fixed deposit. Let's have a look.

Kisan Vikas Patra (KVP)

[{"selector":"#anim-3adbbb7a-d203-4115-9f8e-9ad560ecc8d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Kisan Vikas Patra is a flexible investment product backed by the government that is available as certificates. Currently, it has an interest rate of 7.5 per cent.

Sukanya Samriddhi Yojana (SSY)

[{"selector":"#anim-06cd918c-9852-4a8d-be57-c465faf78123 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Sukanya Samriddhi Yojana is a government-backed small savings scheme. Its rate too increased, from 7.60 percent to 8 percent.

Public Provident Fund (PPF)

[{"selector":"#anim-ff7b4fb3-5013-4701-a498-7998d66389e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Public Provident Fund (PPF) also offers a high-interest rate of 7.1 percent and is compounded annually.