Best Government Savings Schemes for Raksha Bandhan 2026

Raksha Bandhan is a good time to help your sister save for her future. Instead of common gifts, look into government schemes that offer steady returns. Sukanya Samriddhi Yojana is a common choice for girls. It offers an 8.2 per cent interest rate and matures in 21 years.

Better saving options

If you want to build wealth, Public Provident Fund gives 7.1 per cent interest over 15 years. For retirement planning for minors, NPS Vatsalya is an option that needs a yearly deposit of at least ₹1,000. If you prefer a shorter time, National Savings Certificate offers 7.7 per cent interest over five years. Post Office Time Deposits are also an option, with terms from one to five years and interest rates between 6.9 and 7.5 per cent. Pick the plan that fits your sister's goals.