News From Press Fixed Income: Lock into small savings for higher returns

Fixed Income: Lock into small savings for higher returns

Small savings schemes such as 5-year time deposits, National Savings Certificate, Monthly Income Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account offer much higher rates than bank deposits

FE Sep 29, 2020

At a time when banks have reduced their deposits rates, small savings schemes remain most attractive for risk-averse investors. Currently, there is a difference of 130 basis points between five-year SBI fixed deposits rate and five-year Post Office Time Deposit rate.

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