Dividend Yield of these 5 stocks beat PPF & FD returns in FY 2023

PPF stands for Public Provident Fund. It was introduced in 1968 for the aim to mobilize small savings into an investment with reasonable returns with additional benefits to save tax. It helps one build a retirement corpus. The current PPF account interest rate on PPF is 7.10% p.a. compounded annually

Vedanta Ltd has declared dividend of ₹20.5 - translating a dividend yield of 36.88%

Hindustan Zinc Limited is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited   Hindustan Zinc declared dividend of  - 25.7%

Coal India Ltd has declared dividend worth ₹23.25  (10.8%)

REC Ltd has declared dividend worth ₹13.05 (10.2%)

Oil and Natural Gas Corporation has declared an equity dividend of 210.00% amounting to Rs 10.5 per share.