

(ii) Savings Certificates: National Savings Certificate and Kisan Vikas Patra.(i) Post office Deposits: Post Office Savings Account, Post Office Time Deposits (1,2,3 and 5 years), Post Office Recurring Deposits, Post Office Monthly Account,.The Small Savings Schemes can be grouped under three: The Central Government operates Small Savings Schemes (SSS) through the nationwide network of about- 1.5 lakh post offices, more than 8,000 branches of the Public-Sector Banks, select private sector banks and more than 5 lakh small savings agents.Different small saving schemes have mobilized money from households and channelized it to government so that the centre and states can finance a part of their expenditure.In this context, the Small Saving Schemes (SSSs) are important source of household savings in India.An important component of India’s financial savings scenario is the large-scale participation of general public through various small saving schemes initiated by the central government.

