Post Office Interest Rate – Apr 2013 -14

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


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6 Responses

  1. says:

    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

  2. says:

    recurring deposit for the period of 15 years, 3000/- per month. after 15 years how much is the metured amount.

    • Rajendra says:

      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

  3. says:

    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.

  4. says:

    Interest rates are very low for deposit as compared to nationalized as will as cooperative banks

  5. says:

    interest rates are low compared to nationalized bank

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