Which of the following instruments is are covered under Small Savings Scheme 1 Public Provident Fund...........

Economic Affairs Financial Markets

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Which of the following instruments is/are covered under Small Savings Scheme?

1. Public Provident Fund

2. Kisan Vikas Patra

3. Term Deposits

Choose the best alternative:

1 and 2 only

3 only

2 and 3 only

1,2 and 3

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Explanation:

Small Savings Scheme are government run schemes that provide higher interest rates. These are meant for small investors backed by a sovereign guarantee and tax benefits. The various instruments included are: Public Provident Fund, National Savings Certificate, Kisan Vikas Patra, Sukanya Samridhi Account Scheme, Senior Citizens Saving Scheme, Term Deposits and Savings Deposits. Only savings deposits’ interest rate has kept constant at 4% rest all have been decreased. This is a kind of social welfare schema of the government.