Forget Fixed Deposits! These Post office schemes offer up to 8.6% interest
Two of the Post Office small savings schemes are currently offering up to 8.6 per cent interest rate. Five-year Senior Citizen Saving Scheme (SCSS) and Sukanaya Samridhi Yojana (SSY) are two such schemes offered by post offices that can fetch you handsome returns of up to 8.6% in a year.
The current interest rate on SCSS and SSY schemes for this quarter starting from July 1, 2019, are 8.6% and 8.4% respectively. IANS