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Government small-savings schemes

Compare government-administered savings products offered through banks without presenting them as bank-issued fixed deposits.

	Filter Tenure / programme Up to 1 year71–5 years145–10 years11Above 10 years13	Filter General rate 7–9%9		Filter Minimum / deposit amount Up to ₹10,0007₹10,001–₹50,0007Above ₹50,0007	Filter Withdrawal / refund terms Interest-rate reduction1Percentage charge3Conditional rules17	Filter Payout / redemption Monthly8Quarterly14Half-yearly1Yearly14At maturity9Cumulative / reinvested12 Matches any selected option
Public Provident FundBank of Baroda	15 years, with extension facility	7.1% p.a.	Not applicable — publishes one government-notified rate and does not provide a separate senior-citizen rate.	₹500 per financial year, with a maximum contribution of ₹1,50,000 per financial year.	Partial withdrawal is available from the seventh financial year eligible premature closure is restricted to specified grounds after five years and interest is reduced by 1% under the scheme rules.	matures after 15 years and may be continued with or without further contributions in five-year blocks the maturity balance is paid to the subscriber or nominee under the scheme rules.
Sukanya Samriddhi YojanaBank of Baroda	Up to 15 years from account opening	8.2% p.a. ↑	Not applicable — Sukanya Samriddhi is a girl-child savings scheme and does not publish a senior-citizen rate.	₹250 minimum to ₹1.5 lakh maximum	Up to 50% of the balance may be withdrawn for education after age 18 or passing Class 10, whichever is earlier. Premature closure is allowed on death, specified compassionate grounds after five years, or marriage after age 18 no separate penalty amount is published.	The account matures when the girl completes 21 years from opening. Interest is credited annually permitted education withdrawal is up to 50% after age 18 or Class 10, whichever is earlier.
Bank of Maharashtra Floating Rate Savings Bonds 2020 (Taxable)Bank of Maharashtra	: 15 years, extendable in five-year blocks : five years, extendable by three years Sukanya Samriddhi: deposits up to 15 years with maturity after 21 years Floating Rate Savings Bonds: seven years.	, and Sukanya Samriddhi rates are notified by the Ministry of Finance quarterly. Floating Rate Savings Bonds pay a coupon reset every six months the reviewed page shows 7.15% for the first coupon period and says the next half-year resets.	is itself a senior-citizen scheme. The reviewed , Sukanya Samriddhi and Floating Rate Savings Bond pages do not publish a separate senior-citizen premium.	: ₹500 minimum and ₹1,50,000 annual maximum : ₹1,000 minimum in multiples and ₹30,00,000 maximum Sukanya Samriddhi: ₹250 initial minimum, ₹100 multiples thereafter and ₹1,50,000 annual maximum FRSB: ₹1,000 in multiples with no maximum.	loan and withdrawal are allowed only at the scheme-prescribed account ages premature closure is limited to life-threatening disease, higher education or residency change. may close after one year with 1.5% deduction before two years or 1% after two years extension-period closure after one year has no deduction. SSY premature closure is limited to death or authorised extreme compassionate grounds education/marriage withdrawal is up to 50% after the stated milestone. FRSB premature redemption is only for specified senior citizens.	interest is credited on 31 March interest is paid quarterly Sukanya Samriddhi compounds and credits interest under Government rules FRSB pays interest semi-annually on 1 January and 1 July and redeems after seven years.
Bank of Maharashtra Public Provident Fund AccountBank of Maharashtra	: 15 years, extendable in five-year blocks : five years, extendable by three years Sukanya Samriddhi: deposits up to 15 years with maturity after 21 years Floating Rate Savings Bonds: seven years.	, and Sukanya Samriddhi rates are notified by the Ministry of Finance quarterly. Floating Rate Savings Bonds pay a coupon reset every six months the reviewed page shows 7.15% for the first coupon period and says the next half-year resets.	is itself a senior-citizen scheme. The reviewed , Sukanya Samriddhi and Floating Rate Savings Bond pages do not publish a separate senior-citizen premium.	: ₹500 minimum and ₹1,50,000 annual maximum : ₹1,000 minimum in multiples and ₹30,00,000 maximum Sukanya Samriddhi: ₹250 initial minimum, ₹100 multiples thereafter and ₹1,50,000 annual maximum FRSB: ₹1,000 in multiples with no maximum.	loan and withdrawal are allowed only at the scheme-prescribed account ages premature closure is limited to life-threatening disease, higher education or residency change. may close after one year with 1.5% deduction before two years or 1% after two years extension-period closure after one year has no deduction. SSY premature closure is limited to death or authorised extreme compassionate grounds education/marriage withdrawal is up to 50% after the stated milestone. FRSB premature redemption is only for specified senior citizens.	interest is credited on 31 March interest is paid quarterly Sukanya Samriddhi compounds and credits interest under Government rules FRSB pays interest semi-annually on 1 January and 1 July and redeems after seven years.
Bank of Maharashtra Senior Citizens Savings Scheme (SCSS)Bank of Maharashtra	: 15 years, extendable in five-year blocks : five years, extendable by three years Sukanya Samriddhi: deposits up to 15 years with maturity after 21 years Floating Rate Savings Bonds: seven years.	, and Sukanya Samriddhi rates are notified by the Ministry of Finance quarterly. Floating Rate Savings Bonds pay a coupon reset every six months the reviewed page shows 7.15% for the first coupon period and says the next half-year resets.	is itself a senior-citizen scheme. The reviewed , Sukanya Samriddhi and Floating Rate Savings Bond pages do not publish a separate senior-citizen premium.	: ₹500 minimum and ₹1,50,000 annual maximum : ₹1,000 minimum in multiples and ₹30,00,000 maximum Sukanya Samriddhi: ₹250 initial minimum, ₹100 multiples thereafter and ₹1,50,000 annual maximum FRSB: ₹1,000 in multiples with no maximum.	loan and withdrawal are allowed only at the scheme-prescribed account ages premature closure is limited to life-threatening disease, higher education or residency change. may close after one year with 1.5% deduction before two years or 1% after two years extension-period closure after one year has no deduction. SSY premature closure is limited to death or authorised extreme compassionate grounds education/marriage withdrawal is up to 50% after the stated milestone. FRSB premature redemption is only for specified senior citizens.	interest is credited on 31 March interest is paid quarterly Sukanya Samriddhi compounds and credits interest under Government rules FRSB pays interest semi-annually on 1 January and 1 July and redeems after seven years.
Bank of Maharashtra Sukanya Samriddhi AccountBank of Maharashtra	: 15 years, extendable in five-year blocks : five years, extendable by three years Sukanya Samriddhi: deposits up to 15 years with maturity after 21 years Floating Rate Savings Bonds: seven years.	, and Sukanya Samriddhi rates are notified by the Ministry of Finance quarterly. Floating Rate Savings Bonds pay a coupon reset every six months the reviewed page shows 7.15% for the first coupon period and says the next half-year resets.	is itself a senior-citizen scheme. The reviewed , Sukanya Samriddhi and Floating Rate Savings Bond pages do not publish a separate senior-citizen premium.	: ₹500 minimum and ₹1,50,000 annual maximum : ₹1,000 minimum in multiples and ₹30,00,000 maximum Sukanya Samriddhi: ₹250 initial minimum, ₹100 multiples thereafter and ₹1,50,000 annual maximum FRSB: ₹1,000 in multiples with no maximum.	loan and withdrawal are allowed only at the scheme-prescribed account ages premature closure is limited to life-threatening disease, higher education or residency change. may close after one year with 1.5% deduction before two years or 1% after two years extension-period closure after one year has no deduction. SSY premature closure is limited to death or authorised extreme compassionate grounds education/marriage withdrawal is up to 50% after the stated milestone. FRSB premature redemption is only for specified senior citizens.	interest is credited on 31 March interest is paid quarterly Sukanya Samriddhi compounds and credits interest under Government rules FRSB pays interest semi-annually on 1 January and 1 July and redeems after seven years.
Senior Citizens Savings Scheme (SCSS)Central Bank of India	Quarterly interest payout	8.20% per annum effective 1 July 2026, paid quarterly on 31 March, 30 June, 30 September and 31 December.	Green Time Deposit: additional 0.50% for senior citizens (with staff/senior-staff additions as published). Super Callable 333: additional 0.50%. : the published scheme rate is 8.20% for eligible senior citizens.	₹1,000 minimum in multiples of ₹1,000 aggregate maximum ₹30 lakh across an individual's accounts.	Allowed any time: before one year no interest (and paid interest recovered) after one but before two years 1.5% deduction after two but before five years 1% deduction. No deduction after one year on an extended account.	Callable 333-day deposit permits monthly, quarterly, half-yearly or cumulative payout. Green deposit credits maturity amount to linked account with no auto-renewal. pays quarterly on 31 March, 30 June, 30 September and 31 December.
Kisan Vikas Patra (KVP)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
National Savings Certificate VIII Issue (NSC)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
National Savings (Monthly Income Account) Scheme (NSMIS)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
National Savings Time Deposit Scheme (NSTDS)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
Public Provident Fund (PPF)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
Senior Citizens Savings Scheme (SCSS)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
Sukanya Samriddhi Account (SSA)Indian Bank	5 years 115 months (9 years 7 months) 15 years scheme tenure/rules apply SSA deposits 15 years with maturity after 21 years NSMIS 5 years NSTDS 1, 2, 3 or 5 years.	, , and rates are notified by the Government of India for the applicable period. The reviewed page states SSA 8.20% p.a. for 2024-25 , NSMIS 7.4% p.a. for April–June 2026 and NSTDS 6.9%/7.0%/7.1%/7.5% p.a. for 1/2/3/5 years use the current Government/Indian Bank schedule before investing.	is itself a senior-citizen scheme. The other Government schemes do not publish a separate senior-citizen premium on the reviewed page.	/ ₹1,000 in ₹100 multiples with no maximum ₹500 in ₹50 multiples up to ₹1,50,000 per financial year ₹1,000 minimum and ₹30 lakh maximum SSA ₹250–₹1,50,000 per financial year NSMIS/NSTDS ₹1,000 and multiples.	////SSA/NSTDS withdrawal or premature-closure rules follow the respective Government scheme rules NSMIS publishes a 2% deduction within three years and 1% after three years. explicitly disallows loans against the deposit.	NSMIS pays interest monthly after one month NSTDS compounds quarterly and pays annually SSA compounds annually /// follow their Government scheme maturity and interest rules.
SBI Public Provident Fund AccountState Bank of India	15 years, extendable on application for one or more five-year blocks	7.10% p.a. for 1 July through 30 September 2026	Not applicable: the reviewed scheme terms publish a scheme- or programme-specific rate and do not provide a separate senior-citizen rate for this product.	Minimum ₹500 and maximum ₹1,50,000 per year, paid as a lump sum or instalments	Permitted subject to account age, specified dates, balances and current Scheme rules	The government reviews the rate quarterly the displayed 7.10% applies through 30 September 2026.
SBI Senior Citizens Savings SchemeState Bank of India	5 years, with an optional further 3-year extension	8.20% p.a. for 1 July through 30 September 2026 ↑	8.20% p.a. for 1 July–30 September 2026 under the Government-notified Senior Citizens' Savings Scheme rate.	Minimum ₹1,000, then in multiples of ₹1,000, up to ₹30 lakh	Before 1 year: interest paid is recovered after 1 but before 2 years: 1.5% of deposit from 2 years: 1% during extension before 1 year: 1% after 1 year of extension: no deduction	Paid quarterly unclaimed quarterly interest earns no additional interest
SBI Sukanya Samriddhi AccountState Bank of India	Matures 21 years from opening contributions may be made for up to 15 years from opening	8.20% p.a. for 1 July through 30 September 2026 ↑	Not applicable: the reviewed scheme terms publish a scheme- or programme-specific rate and do not provide a separate senior-citizen rate for this product.	Minimum ₹250, then multiples of ₹50, up to ₹1,50,000 per financial year	Up to 50% of the previous financial year-end balance for education, or marriage after the beneficiary reaches age 18, subject to scheme rules	Up to ₹1.5 lakh annual contribution

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.

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