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. |
Post Office Interest Rate 2014-15
A financial advisor told me that if I invest money in TD of post o ffice and send interest to post office RD , my returns will come around 10.50 Can u elaborate on this
recurring deposit for the period of 15 years, 3000/- per month. after 15 years how much is the metured amount.
Depends on Interest Rate
If Interest Rate 8.00% -10.38 lakh Maturity Value
If Interest Rate 9.00% -11.35 lakh Maturity Value
If Interest Rate 10.00% -12.43 lakh Maturity Value
If Interest Rate 12.00% -14.99 lakh Maturity Value
Please intimate the maturity amount if Monthly investment amount will be Rs. 100, 500,1000,1500 & 2000 for the following Post Office Schems.
1. Recurring Deposit – For the Period of 15 Years
2. Time Deposit – For the Period of 15 Years
3. Public Provident Fund- For the Period of 15 Years.
Interest rates are very low for deposit as compared to nationalized as will as cooperative banks
interest rates are low compared to nationalized bank