Interest Rates of Various Post Office Saving Schemes

Interest Rates of Various Post Office Saving Schemes in India:

Normally investor finds it difficult to get details of post office scheme like, PPF, NSC, Sukanya Scheme at one place. This chart will help our reader to get details at one place.

Type of AccountInterest rate (%) from July 1, 2020 Compounding frequency 
Savings deposit 4Annually 
1 year Time Deposit 5.5Interest payable annually but calculated quarterly.
2 year Time Deposit 5.5Interest payable annually but calculated quarterly.
3 year Time Deposit 5.5Interest payable annually but calculated quarterly.
5 year Time Deposit 6.7Interest payable annually but calculated quarterly.
5-year Recurring Deposit 5.8Quarterly 
5-year Senior Citizen Savings Scheme 7.4Quarterly and Paid Quarterly
5-year Monthly Income Account 6.6Monthly and Paid Monthly
5-year National Savings Certificate 6.8Compounded annually but payable at maturity.
Public Provident Fund 7.1Annually 
Kisan Vikas Patra 6.9 (will mature in 124 months) Annually ,Amount Invested doubles in 124 months (10 years & 4 months)
Sukanya Samriddhi Yojana 7.6Annually 
Interest Rates of Various Post Office Saving Schemes in India

Source: https://www.indiapost.gov.in/

Hope above details of Post Office Saving Schemes are useful for your investment purpose.

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  • CA. Kalpesh Karia

    CA. Kalpesh Karia is a Fellow Chartered Accountant . He founded and developed this blog ' FinanceFriend.in ' in 2012. He regularly posts articles related to finance and taxation on his blog. As the name suggests, he is trying to be a Finance Friend and wants to give back to society what he has learned over the years. He shares knowledge based on his 18 years of experiences in areas like Finance, Accounts, Taxation, Forex & Treasury , Wealth Management & Financial Planning, Costing, SAP and Digital Transformation .

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