Its interest rates have also been consistently higher than those on options like bank and NBFC deposits. While deposits with top banks today offer rates of just 5-5.5%, SCSS rates are currently at 7.4% per annum. In debt investments, any option that offers much higher rates than government bonds usually carries risk to principal. As you’re just starting on your investing journey and may not have a high risk appetite, consider investments such as Post Office or bank recurring deposits to build savings. When a correction unfolds and stock prices tumble, the real risks of stock market investing hit home!

Source: The Hindu July 04, 2021 17:48 UTC