Your Post Office Investment Fetches These Returns. Compare Interest Rates Here

Your Post Office Investment Fetches These Returns. Compare Interest Rates Here

India Post has a network of more than 1.5 lakh post office branches across the country

India Post provides nine types of small saving schemes – including the 15-year Public Provident Fund (PPF) – at its designated branches. Currently, the government reviews the interest rates applicable to small savings schemes – such as Time Deposit (or fixed deposit), Recurring Deposit, Monthly Income Scheme and Senior Citizen Savings Scheme – on a quarterly basis. For the third quarter of financial year 2019-20, the government kept the interest rates unchanged at existing levels, according to a finance ministry statement. Investment in the small savings schemes fetches returns to the tune of 4-8.6 per cent, according to India Post’s website – indiapost.gov.in. (Also read: The minimum investment you need to set up a post office account) 

For the quarter ending December 31, the post office offers these interest rates on investment in the nine categories of small savings schemes:

Post Office SchemeInterest RateCompounding Frequency
Post Office Savings Deposit4.00%Annually
One-Year Time Deposit*6.90%Quarterly
Two-Year Time Deposit*6.90%Quarterly
Three-Year Time Deposit*6.90%Quarterly
Five-Year Time Deposit*7.70%Quarterly
Five-Year Recurring Deposit7.20%Quarterly
Five-Year Senior Citizen Savings Scheme8.60%Quarterly and paid
Five-Year Monthly Income Scheme7.60%Monthly and paid
Five-Year National Savings Certificate7.90%Annually
Public Provident Fund Scheme7.90%Annually
Kisan Vikas Patra7.60%Annually
Sukanya Samriddhi Account Scheme8.40%Annually
(Source: India Post)

* The time deposit savings scheme is available in four maturity period options: one year, two years, three years and five years. COMMENT

India Post – which comes under the ambit of Ministry of Communications – has a network of more than 1.5 lakh post office branches across the country.

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