Correct option is A
The Small Savings Schemes in India are a set of government-backed schemes designed to encourage savings among citizens by providing safe and attractive returns. These schemes are administered by the Ministry of Finance and offer tax incentives, primarily to encourage long-term investments. They are generally low-risk and provide guaranteed returns.
Public Sector Bank savings deposit - A regular savings account held in any public sector bank is not part of the government-administered small savings schemes. It provides lower interest rates compared to the special savings schemes offered by the government.
