Sukanya Samriddhi, SCSS Offer 8.2% Returns, Government Confirms

The Sukanya Samriddhi Yojana (SSY) and Senior Citizens Savings Scheme (SCSS) are currently offering the highest interest rates for small savings schemes in India, both set at 8.20%. The SSY is targeted at parents looking to secure their daughters' futures, allowing for a minimum deposit of ₹1,000, while the SCSS provides a secure investment option for citizens aged 60 and above, permitting deposits up to ₹30 lakh. The central government has maintained these interest rates until the end of the first quarter of FY 2025-26, providing stability for investors. Additionally, the Public Provident Fund (PPF) offers a lower return of 7.1%, making SSY and SCSS particularly attractive for those seeking higher yields. These schemes are favored for their safety, government backing, and associated tax benefits. Many investors are increasingly turning to these options for better financial security.