This entry is part 1 of 2 in the series Post Office

postofficePost office is one of most trusted place to deposit your money. The govt. reduce interest rate on post-office operated small savings.

The new rates will be effective from 1 Apr. 2013 & remain valid during 2013-14.


Current Interest Rate Table for Postal Product

Interest..Rates… Interest payable Min Amount  & Max Limit
PostOffice..Savings Account 4 % P.A.    Minimum 20/- for opening.
5-Year Post Office Recurring Deposit Account  
8.30% P.A. 
(quarterly compounded) On maturity INR 10/- account fetches INR 744.53. Can be continued for another 5 years on year to year basis. Minimum 10/- per month or any amount in multiples of 5/-. No maximum limit.

Time Deposit Account
1 Yrs A/c 8.20% Interest payable annually but calculated quarterly.  Minimum 200/- and in multiple thereof. No maximum limit.
2 Yrs A/c 8.20%
3 Yrs A/c 8.30%
5 Yrs A/c 8.40%

Monthly Income  Scheme
8.40% p.a.   
(payable monthly) In multiples of  1500/-. Maximum investment limit is  4.5 lakhs in single account and 9 lakhs in joint A/c 

Senior Citizen Savings Scheme
  9.20% P.A. interest  payable on 31st March, 30th June, 30th Sept and 31st December. There shall be only one deposit in the account in multiple of 1000/- maximum not exceeding  15 lakh.
 Public Provident Fund   
   8.70% P.A. 
(compounded yearly).   Minimum  500/- Maximum  1,00,000/- in a financial year. 
Kisan Vikas Patra Discontinued from 01.12.2011
National Savings Certificates (NSC)
 5 Yrs NSC (VIII Issue)

   8.50%  P.A. compounded six monthly but payable at maturity. INR. 100/- grows to INR 151.62 after 5 years.  Minimum  100/- No maximum limit .
10 Yrs NSC (IX Issue)    8.80%  P.A. compounded six monthly but payable at maturity. INR 100/- grows to INR 236.60 after 10 years.


 Post Office Interest Rate  2014-15