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Scheme Name January - March, 2020 Tax deduction under 80C? Interest Taxable? Minimum Investment Period
Senior Citizens Savings 8.60% Yes Yes 5 years
Sukanya Samriddhi Yojana 8.40% Yes No 15 years
National Savings Certificate 7.90% Yes No 5 years
Public Provident Fund 7.90% Yes No 15 years
Time Deposit (Fixed Deposits) 7.80% No Yes 5 years
Monthly Income Account (MIS) 7.60% No Yes 5 years
Kisan Vikas Patra (Maturity in 112 months) 7.60% No Yes 9 years
5 Year Recurring Deposit 7.20% No Yes 5 years
1 Year Time Deposit 6.90% No Yes 1 year
2 Year Time Deposit 6.90% No Yes 2 year
3 Year Time Deposit 6.90% No Yes 3 year
Savings Account 4.00% No Above Rs. 10,000  

Source: - National Savings Institute, Ministry of Finance (DEA) Govt. of India