Which small savings scheme to prefer as PPF, bank fixed deposit fail to produce inflation-beating returns

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Sukanya Samriddhi Yojana (SSY): The popular girl child savings scheme Sukanya Samriddhi Yojana account will earn an interest rate of 8%. National Savings Certificate (NSC): It has a lock-in period of 5 years.

This will fetch 7.7% interest. Post Office Monthly Income Scheme (MIS): This allows investors to generate a steady monthly income, and gives an interest rate of 7.4%.

Kisan Vikas Patra: KVP is giving an interest rate of 7.5% Senior Citizen Savings Scheme (SCSS): Investors who are 60 years old can deposit up to ₹30 lakh over their lifetime in a Senior Citizen Savings Scheme to earn regular interest income. The senior citizens' scheme gives 8.2%.

According to money experts, investing in Mutual Fund SIPs can help you build wealth and produce returns that outperform inflation. On August 10, the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5 per cent for the third time in a row.