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Rate of Interest on Government Deposit: Rate of interest on these schemes is managed by Government of India and changes Quarterly as notified by GOI time to time.
Rate of Interest w.e.f. 01.10.2019 (p.a.) OCT TO DEC 2019 Qtr
5 Year Senior Citizens Savings Scheme (SCSS2004)
8.60
Public Provident Fund Scheme, 1968 (PPF)
7.90
Kisan Vikas Patra (KVP)
7.60 (will mature in 113 months)
Sukanya Samriddhi Account Scheme (SSA)
8.40
Tax Concessions: Deposits in the account ( Public Provident Fund, Senior Citizen Saving Scheme, Sukanya Samriddhi Account ) are exempted under section 80-C of Income Tax Act