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Government Savings & Investment Schemes — 2026 Guide

Complete guide to every major scheme. Backed by sovereign guarantee, explained in plain language.

These schemes are run through banks and post offices across India. All are backed by the Government of India — your money is as safe as it can possibly be.

🏦
Savings

PPF

7.1% p.a.
Lock-in
15 yrs
Tax
EEE (80C)
👧
Girl Child

Sukanya Samriddhi

8.2% p.a.
Maturity
21 yrs
Tax
EEE (80C)
👴
Senior

SCSS

8.2% p.a.
Lock-in
5 yrs
Max
₹30L
🧓
Pension

NPS

9-12%
Lock
Till 60
Extra
₹50K 80CCD
📜
Post Office

NSC

7.7% p.a.
Lock-in
5 yrs
Max
No limit
💰
Post Office

KVP

7.5% p.a.
Doubles
~115 mo
Tax
No 80C
🛡️
Pension

APY

₹1-5K/mo pension
Age
18-40
From
Age 60
🏥
Insurance

PMJJBY

₹2L life cover
Premium
₹436/yr
Age
18-55
🚑
Insurance

PMSBY

₹2L accident cover
Premium
₹20/yr
Age
18-70
🌾
Farmers

PM-KISAN

₹6,000/year
Paid
3 × ₹2K
Mode
DBT

Quick Comparison Table

SchemeRateLock-inTaxRiskBest For
PPF7.1%15 yrEEE (80C)ZeroLong-term safe savings
SSY8.2%21 yrEEE (80C)ZeroDaughter's future
SCSS8.2%5 yr80C depositZeroRetiree income
NPS9-12%Till 6080C+80CCDLow-MedRetirement + tax
NSC7.7%5 yr80CZeroMedium-term safe
KVP7.5%~115 moNoneZeroDoubling money
APYFixed pensionTill 6080CCDZeroPension for workers
PMJJBY₹2L cover1 yr renew80CN/ALife insurance ₹436/yr
PMSBY₹2L cover1 yr renew80CN/AAccident cover ₹20/yr
PM-KISAN₹6K/yrN/AN/AN/AFarmer income support

Rates for Q1 FY 2026-27 (Apr-Jun 2026). Subject to quarterly revision by the Government of India.