Best Savings Rates Post Office

Will you please give here information about the Interest Rates on Post Office Savings Schemes in India ?

[Shaleen]

As you want I am here telling you about the Interest Rates on Post Office Savings Schemes in India.

Post Office Savings Schemes:

Scheme :

Interest payable, Rates, Periodicity etc. :

Minimum Amount for opening of account and maximum balance that can be retained:

Post Office Savings Account
4.0%per annum on individual/ joint accounts.
Minimum INR 20/- for opening.

5-Year Post Office Recurring Deposit Accountt

8.4% per annum (quarterly compounded)

Minimum INR 10/- per month or any amount in multiples of INR 5/-. No maximum limit.

Post Office Time Deposit Account
Period Rate
1yr.A/c 8.40%
2yr.A/c 8.40%
3yr.A/c 8.40%
5yr.A/c 8.50%

Minimum INR 200/- and in multiple thereof. No maximum limit.

Post Office Monthly Income Account Scheme

8.40% per annum payable monthly.

In multiples of INR 1500/-
Maximum investment limit is INR 4.5 lakhs in single account and INR 9 lakhs in joint account.
An individual can invest maximum INR 4.5 lakh in MIS (including his share in joint accounts)

Senior Citizen Savings Schemee

9.3% per annum.

There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 Lakh.

15 year Public Provident Fund Account

8.70% per annum (compounded yearly).

Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
Deposits can be made in lump-sum or in 12 installments.

Sukanya Samriddhi Accounts

Rate of interest 9.2% Per Annum

Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year.