what are various deposit schemes in indian banks?

There are several types of deposit schemes offered by banks in India:

Savings accounts: These are basic accounts that typically have a low minimum balance requirement and offer relatively low interest rates.


Fixed deposits (FDs): These are deposits with a fixed term and a fixed interest rate. They typically offer higher interest rates than savings accounts, but the money cannot be withdrawn without penalty before the end of the term.


Recurring deposits (RDs): These are similar to fixed deposits, but instead of making a lump-sum deposit, the depositor makes regular, smaller deposits over a fixed term.


Public Provident Fund (PPF): A long-term savings scheme offered by the government of India, with a lock-in period of 15 years. The interest rate is determined by the government and is usually higher than what is offered by fixed deposits.


National Savings Certificate (NSC): another savings scheme offered by the Indian government, with a lock-in period of 5 or 10 years, and the interest rate is determined by the government.


Senior Citizen Saving Scheme: This scheme is specially designed for senior citizens, with an interest rate higher than fixed deposits, and a lock-in period of 5 years.


Sukanya Samriddhi Yojana: Savings scheme for the girl child, it provides income tax benefit and higher interest rate with a lock-in period of 21 years.

These are just a few examples of the deposit schemes offered by banks in India. Other schemes may also be available depending on the bank and their terms can vary. I'd recommend checking with a specific bank or financial institution to get more detailed information