There are various tax saving options available in market these days having different lock-in periods and interest rates. Here we are presenting you a list of most popular tax saving investment options executed by majority or people in India. Check out currently applicable interest rates for various tax saving investment and small savings schemes as per guidelines issued by central government of India for Jan 1 to Mar 31, 2021.
| Instrument | Interest Rates from Jan 1 to Mar 1, 2021 | Compounding Frequency |
|---|---|---|
|
Post Office Saving Account |
4% |
Annually |
|
Senior Citizen Saving Scheme |
7.4% |
Quarterly & Paid |
|
National Savings Certificate |
6.8% |
Annually |
|
Public Provident Fund |
7.1% |
Annually |
|
Sukanya Samriddhi Yojna |
7.6% |
Annually |
|
Tax Saving Bank FDs |
5.5% – 6.5% (Varies with banks) |
Annually |
