Few government schemes offer higher interest than your bank’s fixed deposit. Let's have a look.
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 is a government-backed small savings scheme. Its rate too increased, from 7.60 percent to 8 percent.
Public Provident Fund (PPF) also offers a high-interest rate of 7.1 percent and is compounded annually.