Top 6 Government Schemes: Government Schemes that Overreach Fixed Deposits. Although there are low-conservative returns given by fixed deposits (FDs), banks do not advertise any better alternatives. In the course of time, accordingly, some government-backed schemes have come up as really strong measures for building long-term, meaningful wealth. These all come not only in high interest rates but also on taxation and safety fronts, making them a perfect bet for conservative investors.’
Interest Rate: 7.4% annually
Income: Monthly payouts
Lock-in: 5 years
Tax: Interest is taxable
Best suited for individuals seeking fixed monthly income without market risk.
Interest Rate: 8.2% annually
Tenure: 21 years or until a girl is married at 18+
Tax: Fully tax-free
Best suitable to secure a girl’s child future education and marriage expense.
Interest Rate: 7.7% annually
Lock-in: 5 years Tax: Interest taxable, no TDS Perfect for safe, long-term growth without market volatility.
Also Read: Gold vs Stocks vs SBI FD: Which Gave Best Returns Over 10 Years?
Interest Rate: 7.1% annually
Tenure: 15 years (extendable)
Tax: Fully tax-free (EEE status) A traditional investment for long-term tax-saving and retirement planning.
Also Read: Top 5 FD Schemes for Senior Citizens Offering Over 8% Interest
Interest rate: 8.2% annually Income: Quarterly payouts Limit: ₹30 lakh Tailored to retiree needs, safety, and regular income.
Expected Return: 10-14% (Market Linked) Lock-in: Till 60 years of age Tax: 60% Corpus Tax Free Best associated with higher growth.
These six schemes can yield a higher return against the conventional FDs with all the added bonuses of tax exemptions, safety, and long-term development. Be it for your retirement, your child’s future, or monthly income, these schemes need consideration in your financial portfolio.
Also Read: Canara Bank Updates FD, Savings Interest Rates 2025: See What’s Changed
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