New Delhi, Feb. 23 -- If you are contemplating investing in either fixed deposit (FD) or a small savings scheme, then it is advisable to compare their returns along with other benefits they offer.

Typically, a fixed deposit (FD) offers anywhere between 6.7 to 7 percent per annum to depositors whereas other tax saving schemes offer slightly higher.

For instance, PPF offers 7.1 percent per annum, as per the prevailing interest rates. On Senior Citizens Savings Scheme, depositors are entitled to receive 8.2 per cent per annum.

On Sukanya Samriddhi Account, one can earn up to 8.2 percent a year, there is 7.7 percent return on National Savings Certificate and 7.5 percent return on Kisan Vikas Patra.

Another pertinent point that investors s...