Posts Tagged with “post office saving schemes interest rates”

Indian Post Office Saving Schemes

Government Schemes

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indian post office saving schemes

Post office saving schemes in India offer a secure and reliable way to grow your savings while enjoying attractive interest rates and tax benefits. These schemes, managed by India Post, cater to various financial goals, whether you’re looking for short-term savings, regular income, or long-term investment options. From the versatile Post Office Savings Account to the high-yield Sukanya Samriddhi Yojana, there’s a scheme for everyone, including senior citizens and parents planning for their child’s future. Explore the diverse range of post office saving schemes to find the perfect fit for your financial needs and secure your future with confidence.

SchemeMinimum DepositInterest RateTenure/Lock-in PeriodAdditional Details
Post Office Savings Account (SB)₹5004% per annumNone
5-Year Post Office Recurring Deposit (RD)₹100 per month5.8% per annum (compounded quarterly)5 years
Post Office Time Deposit (TD)₹1,0006.9% to 7.7% per annum1, 2, 3, and 5 years
Post Office Monthly Income Scheme (MIS)₹1,0007.4% per annum (payable monthly)5 years
Senior Citizen Savings Scheme (SCSS)₹1,0008.2% per annum (payable quarterly)5 yearsEligibility: 60 years and above
Public Provident Fund (PPF)₹500 per year7.1% per annum (compounded annually)15 years
National Savings Certificate (NSC)₹1,0007.7% per annum (compounded annually)5 years
Kisan Vikas Patra (KVP)₹1,0007.5% per annum (compounded annually)115 months
Sukanya Samriddhi Yojana (SSY)₹250 per year8% per annum (compounded annually)Until the girl child turns 21Eligibility: Girl child below 10 years of age
Indian Post Office Saving Schemes

Website : India Post – Post Office Saving Schemes