Post Office Saving Schemes: How Senior Citizen Savings Scheme Compares With PPF

From Public Provident Fund (PPF) to Senior Citizen Savings Scheme (SCSS), India Post - which has a network of more than 1.5 lakh post offices across the country - offers a variety of savings schemes. Out of the nine government-run small savings schemes, investment in the 15-Year Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) currently fetches returns of 8 per cent and 8.7 per cent respectively, according to India Post's website - indiapost.gov.in. (Also read: All you need to know about post office fixed deposit Interest rate, income tax benefits)

Here's a comparison of five key features of Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) at the post office:

(As mentioned on India Post's website)

India Post offers interest rates to the tune of 4-8.7 per cent on the nine small savings schemes. These include time deposit, recurring deposit, monthly income scheme, Kisan Vikas Patra and Sukanya Samriddhi.