These government schemes have been giving stronger interest than FD, there is no risk of money sinking; return guaranteed.

Small Savings Schemes: After the reduction in repo rate, the interest on FD may have come down, but there is nothing to worry about. Many government schemes are giving much better returns than this.

Small Savings Schemes: After the Reserve Bank of India (RBI) reduced the repo rate, banks have also reduced the interest on fixed deposits (FD). Apart from FD, many banks are also reducing the interest rate on savings accounts. However, due to guaranteed returns, people's trust on FD still remains. Today, through this news, we are going to tell you about some such government schemes, in which there is no risk of money sinking and the return is also much more than FD.

Sukanya Samriddhi Yojana

Investors are getting interest at the rate of 8.2 percent in Sukanya Samriddhi Yojana. The purpose of this savings scheme of the Government of India is to secure the future of girls so that there is no hindrance in their education or marriage in the future. Under this scheme, parents or legal guardians can open an account in the name of girls below 10 years of age.

An annual deposit of Rs 250 to Rs 1.5 lakh can be made in it. This account can be opened by going to banks or post offices. The maturity period in the scheme is till the girl turns 21 years or gets married after the age of 18. Under Section 80C of the Income Tax Act, 1961, it provides tax exemption of up to Rs 1.5 lakh.

Kisan Vikas Patra

Kisan Vikas Patra is also a savings scheme of the Government of India, which is currently getting 7.5 percent interest. Its most special feature is that the amount invested in it doubles in 115 months i.e. 9 years and 7 months. This is also a safe investment option, which gives guaranteed returns.

In this scheme, you can start investing with a minimum of Rs 1000 and there is no upper limit. In this also, under Section 80C of the Income Tax Act, 1961, tax exemption of up to Rs 1.5 lakh is available. You can get more information about this by visiting the website of India Post or any bank's website.

National Savings Certificate

National Savings Certificate (NSC) gives interest at the rate of 7.7 percent per annum. Its maturity period is five years. In this too, you can start saving with a minimum of Rs 1000 and there is no maximum investment limit. Income tax will have to be paid on the interest rate in NSC.

Senior Citizen Savings Scheme (SCSS)

The aim of this scheme of the government is to give financial stability to people after retirement. In this, a hefty interest of 8.2 percent is available on the investment of retirement fund. People above 60 years of age can invest in the scheme. The minimum deposit limit is Rs 1000 and the maximum deposit limit is Rs 30,00,000. In this also, tax benefit of up to Rs 1.5 lakh is available.

Post Office Monthly Income Scheme

Investors get interest at the rate of 7.4 percent on the money invested in Post Office Monthly Income Scheme. The maturity period in this is also 5 years. You can start investing in this scheme from Rs 1,000. If you want, you can also invest in multiples of Rs 1000. The maximum deposit limit for a single account is Rs 9 lakh, the maximum deposit limit for a joint account is Rs 15 lakh.