The Government of India runs many types of savings schemes to meet the needs of different sections of society. Some of the major schemes include Sukanya Samriddhi Yojana, SCSS, Kisan Vikas Patra, NPS, NSC, and PPF. Investments in government schemes are completely secure, with no risk of losing money, which is why common people trust them a lot. Today, we will look at the top 5 government schemes that offer the highest interest rates.

1. Kisan Vikas Patra

Kisan Vikas Patra (KVP) is a government savings scheme that currently offers 7.5 percent interest. With this scheme, your investment doubles in 9 years and 5 months, regardless of the amount you invest.

2. Post Office Time Deposit

Similar to bank FDs, Post Office Time Deposits (TD) offer a 7.5 per cent interest on a 5-year term.

3. National Savings Certificate

National Savings Certificate (NSC) is another government scheme offering 7.7 per cent interest. It matures in 5 years, and you can also avail of tax benefits under Section 80C of the Income Tax Act.

4. Senior Citizens Saving Scheme

The Senior Citizens Saving Scheme (SCSS) is available to individuals aged 60 and above. It offers 8.2 percent interest, with a maximum investment of Rs 30 lakh. This scheme has a duration of 5 years.

5. Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is exclusively for girls below 10 years of age. A maximum of Rs 1.5 lakh can be deposited annually. The government offers 8.2 percent interest on this scheme designed for daughters.