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Post Offices Schemes Interest Rate Chart – All Schemes

Post Offices Schemes Interest Rate Chart – All Schemes

POST OFFICE SAVINGS SCHEME

Kindly view this post in Computer as table is long.

INTEREST CHART AS PER RATE OF INTEREST ISSUED ON 01.07.2020

SCHEME DEPOSIT LIMITS
INTEREST RATE DEPOSIT AMOUNT INTEREST/MATURITY AMOUNT INTEREST PAYABLE FREQUENCY MATURITY PERIOD
SB MINIMUM 500 4 10000 400 YEARLY NOT APPLICABLE
MAXIMUM NO LIMIT 50000 2000
100000 4000
RD MINIMUM 100 5.8 100 6970 ON MATURITY 5 YEARS
MAXIMUM NO LIMIT 500 34848
1000 69697
1YEAR TD MINIMUM 1000 5.5 10000 561 YEARLY 1 YEAR
MAXIMUM NO LIMIT 50000 2807
100000 5614
2 YEAR TD MINIMUM 1000 5.5 10000 561 YEARLY 2 YEARS
MAXIMUM NO LIMIT 50000 2807
100000 5614
3 YEAR TD MINIMUM 1000 5.5 10000 561 YEARLY 3 YEARS
MAXIMUM NO LIMIT 50000 2807
100000 5614
5 YEAR TD MINIMUM 1000 6.7 10000 687 YEARLY 5 YEARS
MAXIMUM NO LIMIT 50000 3435
100000 6870
MIS MINIMUM 1000 6.6 10000 55 MONTHLY 5 YEARS
MAXIMUM SINGLE 450000

JOINT 900000

50000 275
100000 550
PPF MINIMUM 500 7.1 10000 710 ON MATURITY 15 YEARS
MAXIMUM 150000 50000 3550
100000 7100
SSA MINIMUM 250 7.6 10000 760 ON MATURITY 21 YEARS
MAXIMUM 150000 50000 3800
100000 7600
SCSS MINIMUM 1000 7.4 10000 185 QUARTERLY 5 YEARS
MAXIMUM 1500000 50000 925
100000 1850
KVP MINIMUM 1000 6.9 10000 20000 ON MATURITY 10 YEARS 4 MONTHS
MAXIMUM NO LIMIT 50000 100000
100000 200000
NSC MINIMUM 1000 6.8 10000 13895 ON MATURITY 5 YEARS
MAXIMUM NO LIMIT 50000 69475
100000 138949

 

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Post Office Interest rates (revised) for the period 01.04.2020 to 30.06.2020

post office interest rates

Government of India, Postal Department savings and returns as per the
interest rates (revised) for the period 01.04.2020 to 30.06.2020.

Post office
investment
Schemes
interest rates in
%
Minimum/Maximum
Deposit Amount in
Rs.
Returns in Rs.
(Approximately
)
Remarks
SB Account
(SB)
4% Min Rs.500
Max No limit
No maturity period. Every
year Interest will be paid
as per their savings.
Mobile Banking, Intranet
Banking, ATM facility
available. Can withdraw
from bank ATM too. No
service charge for PO ATM
withdrawal. Free SMS service.
Interest upto Rs.10000 tax
free
RD Account
(RD) 5Years
5.8%
Quarterly
Compound
Monthly Min Rs.100.
Multiples of Rs.10/-
Maximum No Limit
For Monthly Rs.1,000
investment, total deposit
Rs.60000, Maturity
amount is Rs.69697
Monthly Recurring Deposit.
After 3 years Premature
closure is allowed with SB
interest. After one year Loan
is admissible @ 50% savings
Monthly Income Scheme (MIS) 5 Years 6.6%
Monthly
and paid
Min.Rs.1000/- Multiples
of Rs.1000/-
Maximum
Rs.4.5 lakh for single
Rs.9 lakhs for joint
For Rs.1,00,000/-
Monthly interest Rs.550.
Total Maturity value
Rs.1,33,000.
Monthly interest can be
withdrawn.
After 1 or 3 years premature
closure is allowed with 2% or
1% deduction.
1 Year Time
Deposit
(Fixed deposit)
5.5%
(quarterly
compound)
Min Rs.1000/- Multiples
of Rs.100/ Maximum No limit
For Rs.1,00,000
investment Maturity
amount Rs.1,,05,614
Can be closed prematurely
after 6 months with SB rate
of interest.
2 Years Time
Deposit
(Fixed deposit)
5.5%
(quarterly
compound)
Min Rs.1000/- Multiples
of Rs.100/ Maximum No
limit
For Rs. 1,00,000
investment Maturity
amount Rs.1,11,228.
Yearly interest Rs.5,614. Can
be closed prematurely after 6
months with SB interest
3 Years Time
Deposit
(Fixed deposit)
5.5%
(quarterly
compound)
Min Rs.1000/- Multiples
of Rs.100/ Maximum No
limit
For Rs. 1,00,000
investment Maturity
amount Rs.1,16,842.
Yearly interest Rs.5,614 Can
be closed prematurely after 6
months with SB interest
5 Years Time
Deposit
(Fixed deposit)
6.7%
(quarterly
compound)
Min Rs.1000/- Multiples
of Rs.100/ Maximum No
limit
For Rs.1,00,000
investment Maturity
amount Rs.1,34,350.
Yearly interest Rs.6,870/-.
Can be closed prematurely
after 6 months with SB
interest.
Can claim IT exemption
under 80C
Senior Citizen Scheme (5 years) 7.4%
quarterly
and paid
Minimum Rs.1000/-
Multiples of Rs.1000/-
Maximum
Rs.15 lakhs
For Rs.1 lakh
Rs.1850 interest for every
3 months. Maturity value
Rs.1,37,000.
Can be closed
prematurely <1 year, no
interest,
1 to 2yrs 1.5% After 2 to
5 yrs 1% deduction
For retired defence
personnels, age 50 & Above,
Retired Other Superannuation
personnels, age 55 & above
other citizens age 60 and
above can open SCSS A/Cs.
Can claim IT exemption
under 80c. Interest Upto
Rs.50000 tax free
Sukanya Samridhi Account (21 years)

For girl child
below 10
years age

7.6% A/C opening Minimum
Rs.250/-
Deposit Multiples of
Rs.50. For Financial
Year Min. Rs.250/-
Maximum Rs.1.5 lakhs
If monthly contribution is
Rs 1000/- for 15 years total
contribution is 1,80,000/-
Maturity value would be
approximately Rs515900.
for 7.6% interest after 21
years period.
Depositing period 15 years.
Maturity period 21 years or
else after marriage.
Can withdraw 50% amount
after 10std of girl child
studies. New schemeNew Scheme launched by the Govt. of India to the welfare of the girl children. Can claim IT exemption under 80c
PPF
Period 15
years, can
be opened
for boy child
also
7.1 % Minimum Rs.500/-
Deposit Multiples of
Rs.50. Maximum Rs.1.5
lakhs for the F.Y
If monthly contribution is
Rs1,000/ for 15 years
total contribution is
1,80,000/-Maturity
amount is Rs.3,15,572.
(approx)for 7.1% interest
For recurring Savings and
Can claim IT exemption
under 80c
Kisan Vikas
Patra (KVP)
10 yrs 4 months
6.9 % Minimum Rs.1000/
Multiples of Rs.100/-
Maximum No limit
For 1 lakh investment,
maturity Rs.2 Lakhs
Investment will be
doubled in 124 months
National
Savings
Certificate
(NSC)5 years
6.8%
(Annually
compound
interest)
Minimum Rs.1000/
Multiples of Rs.100/-
Maximum No limit
For Rs.1,00,000 Maturity
amount Rs.1,38,950.
For fixed deposit. Can
Claim IT exemption under
80C

interest rates Compiled by Shri. K.Kalimuthu, HSG II, Deputy Post Master, General Secretary, All India Association of Postal Supervisors, TNagar Head Post office, Chennai 600017

post office interest rates

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Interest Rate on National Savings Schemes – Upto 31st March 2016

Interest Rate on National Savings Schemes – Upto 31st March 2016

·         National Saving Time & Recurring Deposit Account

Duration  
Interest Rate on Time Deposit
Recurring Deposit
1 Year
2  Year
3  Year
5  Year
1 April  1987 to 31 March 1991
9.5%
10.0%
10.5%
11.0
11.0
1 April 1991 to 30 Sep 1991
9.5%
10.0%
11.0%
11.5
11.5
1 Oct 1991 to 15 Dec 1991
10.0%
11.0%
13.0%
13.5
13.5
16 Dec 1991 to 1 Sep1993
12.0%
12.0%
13.0%
13.5
13.5
2 Sep 1993 to 31 Dec 1998
10.5%
11.0%
12.0%
12.5
12.5
1 Jan 1999 to 14 Jan 2000
9.0%
10.0%
11.0%
11.5
11.5
15 Jan 2000 to 28 Feb 2001
8.0%
9.0%
10.0%
10.5
10.5
1 March 2001 to 28 Feb 2002
7.5%
8.0%
9.0%
9.0
9.0
1 March 2002 to 28 Feb 2003
7.3%
7.5%
8.3%
8.5
8.5
1 March 2003 to 30 Nov 2011
6.3%
6.5%
7.3%
7.5
7.5
1 Dec 2011 to 31 March 2012
7.7%
7.8%
8.0%
8.3
8.0
1 April 2012 to 31 March 2013
8.2%
8.3%
8.4%
8.5
8.4
1 April 2013 to 31 March 2014
8.2%
8.2%
8.3%
8.4
8.3
1 April 2014 to 31 March 2016
8.4%
8.4%
8.4%
8.5
8.4

·         National Saving Monthly Income Account

Duration  
Interest Rate
15 Aug 1987 to 23 April 1992
12.0%
24 April 1992 to 1 Sep 1993
14.0%
2 Sep 1993 to 31 Dec 1998
13.0%
1 Jan 1999 to 14 Jan 2000
12.0%
15 Jan 2000 to 28 Feb 2001
11.0%
1 March 2001 to 28 Feb 2002
9.5%
1 March 2002 to 28 Feb 2003
9.0%
1 March 2003 to 30 Nov 2011
8.0%
1 Dec 2011 to 31 March 2012
8.2%
1 April 2012 to 31 March 2013
8.5%
1 April 2013 to 31 March 2014
8.4%

·         Public Provident Fund Account

Duration  
Interest Rate
1 April to 1986 to 31 Mar 1999
12%
1 April 1999 to 14 Jan 2000
12%
15 Jan 2000 to 28 Feb 2001
11%
1 Mar 2001 to 28 Feb 2002
9.5%
1 Mar 2002 to 28 Feb 2003
9%
1 Mar 2003 to 30 Nov 2011
8%
 1 Dec 2011 to 31 Mar 2012
8.6%
1 April 1999 to 14 Jan 2000
12%
15 Jan 2000 to 28 Feb 2001
11%
1 Mar 2001 to 28 Feb 2002
9.5%
1 Mar 2002 to 28 Feb 2003
9%
1 Mar 2003 to 30 Nov 2011
8%
 1 Dec 2011 to 31 Mar 2012
8.6%
1 April 2012 to 31 March 2013
8.80%
1 April 2013 to 31 March 2016
8.70%

·         National Savings Certificate

Duration  
Maturity Value
1 May 1989 to 31 Dec 1998
201.5
1 Jan  1999 to  14 Jan 2000
195.6
15 Jan 2000 to 28 Feb 2001
190.12
1 March 2001 to 28 Feb 2002
174.52
1 March 2002 to 28 Feb 2003
169.59
1 March 2003 to 30 Nov 2011
160.1
1 Dec 2011 to 31 March 2012
1 April 2012 to 31 March 2013
1 April 2013 to 31 March 2014
1 April 2014 to 31 March 2016

·         Senior Citizen’s Savings Schemes

Duration  
Interest Rate
2 Aug 2004 to 30 Nov 2011
9.0%
1 Dec 2011 to 31 March 2012
9.0%
1 April 2012 to 31 March 2013
9.3%
1 April 2013 to 31 March 2015
9.2%
1 April 2015 to 31 March 2016
9.3%

·         Kisan Vikas Patra

Duration  
Maturity Duration
23 Mar 1988 to 15 Dec 1991
5 year 6 month
16 Dec 1991 to 23 April 1992
24 April 1992 to 1 Sep 1993
5 year
2 Sep 1993 to 31 dec 1998
5 year 6 month
1 Jan 1999 to 14 Jan 2000
6 year
15 Jan 2000 to 28 Feb 2001
6 year 6 month
1 March 2001 to 28 Feb 2002
7 year 3 months
1 March 2002 to 28 Feb 2003
7 year 8 months
1 March 2003 to 30 Nov 2011
8 year 7 months
18 Nov 2014 to 31 March 2016
Source : http://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=135

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Interest Rate of GPF from April 2018

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2018
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 11th April, 2018
RESOLUTION

It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.6% (Seven point six per cent) w.e.f. 1st April, 2018 to 30th June, 2018. This rate will be in force w.e.f.1st April, 2018. The funds concerned are:—
1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

(Anjana Vashishtha)
Deputy Secretary (Budget)
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Interest rates likely to be hiked for small savings schemes in next quarter

Investors in small savings schemes could get a boost in the next quarter with government bond yields having risen consistently over the past nine months. That’s led to expectations of interest rates being hiked for the quarter starting April 1. The 10-year bond yield has averaged 7.5% since January 1, which suggests that interest rates offered by Public Provident Fund (PPF) and other schemes may be hiked by 15-20 basis points (bps). A basis point is 0.01 percentage point.




According to the formula recommended by the Shyamala Gopinath committee on small savings, the PPF rate should be 25 bps higher at 7.75%. The Senior Citizen’s Saving Scheme, which was spared a cut when rates were reduced in December, could see the rate go up 20 bps to 8.5%. The Sukanya Samriddhi Yojana rate could be hiked 15 bps to 8.25%.

The Gopinath panel had in 2011 suggested that small savings rates be linked to bond yields. The interest rates of the different schemes should be 25-100 bps higher than yields of government bonds of similar maturity, it said. The panel had suggested an annual revision but two years ago the government decided to recalibrate rates every three months. It also removed the 25-bps markup for instruments competing with bank deposits, including term deposits, recurring deposits and the Kisan Vikas Patra.