Post Office Interest Rate – Apr 2013 -14

by Rajendra · Published April 7, 2013 · Updated January 12, 2015

Last Updated -Monday, January 12, 2015

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

postoffice Post 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

Scheme	Interest..Rates…	Interest payable	Min Amount & Max Limit
Post…Office..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.	Minimum 100/- No maximum limit .