Which of the following government schemes offers the highest interest rate among those mentioned?

Correct option is E

Among the schemes, Sukanya Samriddhi Yojana (SSY) offers the highest interest rate at 8.2% per annum, making it the most lucrative option for long-term savings.
Below is a comparison of the interest rates offered by the government on various savings schemes:
1. Public Provident Fund (PPF):
· Interest Rate: 7.1% per annum, compounded annually.
· Maturity Period: 15 years (excluding the account opening year).
2. Mahila Samman Savings Certificate (MSS):
· Interest Rate: 7.5% per annum.
· Tenure: 2 years.
3. National Savings Certificate (NSC):
· Interest Rate: 7.7% per annum, compounded annually and payable at maturity.
· Lock-in Period: 5 years.
4. Kisan Vikas Patra (KVP):
· Interest Rate: 7.5% per annum, compounded annually.
· Tenure: 115 months (9 years and 7 months).
5. Sukanya Samriddhi Yojana (SSY):
· Interest Rate: 8.2% per annum, compounded annually.
· Duration: 21 years from the date of account opening.