Post Office Services
Post Office Saving Schemes in India are government-backed investment options that provide individuals with a safe and reliable means of saving money. These schemes are managed by the Indian Postal Service and offer a variety of options for investors, including basic savings accounts, fixed deposit accounts, and long-term investment schemes. The schemes are designed to cater to the diverse needs of investors and offer a range of benefits such as tax-saving options, attractive returns, and guaranteed returns. With their widespread availability and easy accessibility, Post Office Saving Schemes are an excellent investment option for those seeking stability and security in their financial planning.

Rate of Interest

InstrumentsRate of Interest w.e.f 01 April 2023Compounding Frequency
Post Office Savings Account4%Annually
1 Year Time Deposit 6.8%Quarterly
2 Year Time Deposit 6.9%Quarterly
3 Year Time Deposit 7%Quarterly
5 Year Time Deposit 7.5%Quarterly
5 Year Recurring Deposit Scheme5.8%Quarterly
Senior Citizen Savings Scheme 8.2%Quarterly and Paid
Monthly Income Scheme7.4%Monthly and Paid
National Savings Certificate (VIII Issue) 7.7%Annually
Public Provident Fund Scheme 7.1%Annually
Kisan Vikas Patra (115 months)7.5%Annually
Sukanya Samriddhi Account8%Annually
Mahila Samman Saving Certificate7.5%
Post Office Saving Schemes in India offer a range of investment options that are secure, reliable, and backed by the Government of India. These schemes offer attractive interest rates and are ideal for those looking for safe and long-term investment options.

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