5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and more

Small savings schemes are popular among conservative investors who want low risk and stable returns. Many of these schemes offer tax deductions, allowing investors to save on their overall tax liabilities. Some of the popular small savings schemes include Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizens’ Savings Scheme (SCSS), Monthly Income Scheme (MIS), Sukanya Samriddhi Yojana, among others.

The government reviews interest rates of these small savings schemes every quarter. For the April-June 2026 quarter, interest rates of all these schemes have been retained, allowing investors to lock in returns of up to 8.2% per annum.

Here's a look at what some of the most popular small savings schemes are currently offering to their investors.

1. Senior Citizens Savings Scheme (SCSS)

Senior Citizens Savings Scheme remains one of the most attractive options for senior citizens as the returns are backed by the government. Many retirees prefer SCSS as a source of stable post-retirement income. SCSS offers an interest rate of 8.2% per annum. The interest is credited quarterly.

2. Sukanya Samriddhi Account (SSA)

Sukanya Samriddhi Account (SSA) also offers an attractive interest rate of 8.2% per annum. Tailored for the girl child, it requires a minimum annual deposit of Rs 250 and allows a maximum of Rs 1.5 lakh. You can invest for 15 years and the account matures in 21 years.

3. National Savings Certificate (NSC)

National Savings Certificate currently offers a 7.7% interest rate per annum. It is an investment option with a five-year maturity period and is popular among investors looking for stable returns along with tax-saving benefits. Interest earned on NSC is compounded annually and paid at maturity.

4. Monthly Income Scheme (MIS)

Monthly Income Scheme (MIS) is a government-backed, low-risk small savings scheme that pays a monthly interest. The scheme currently offers an interest rate of 7.4% per annum, paid out on a monthly basis across a 5-year lock-in period.

5. Public Provident Fund (PPF)

Public Provident Fund continues to be one of the most popular long-term investment options in India. PPF currently offers a 7.1% interest rate per annum and comes with an EEE (Exempt-Exempt-Exempt) tax status, meaning deposits, interest earned and maturity proceeds are all tax-exempt subject to prevailing rules.

With a 15-year maturity period, PPF is widely used for retirement planning and long-term wealth creation.

Who should invest in small savings schemes?

Small savings schemes are suitable for conservative investors seeking safety over high returns, particularly those in retirement or mid-career who prioritise capital protection.

Small savings schemes interest rates