Post Office Savings Scheme :
- Interest Payables, Rates, Periodicity
- 4.0% per annum on individual/joint accounts
- Minimum Amount for opening of an account and maximum balance that can be retained
- The minimum amount of Rs. 20/- for opening
5-Year Post Office Recurring Deposit Account (RD) :
- Interest Payables, Rates, Periodicity
- 6.9% per annum (quarterly compounded)
- Can be continued for 5 years on year to year basis
- Minimum Amount for opening of an account and maximum balance that can be retained
- The minimum amount of Rs. 10/- per month or any amount in multiples of Rs. 5/-
- No Maximum limit
Post Office Time Deposit Account (TD) :
- Interest Payables, Rates, Periodicity
- Interest payable annually but calculated quarterly
- For a period of 1 year, the rate is 6.6%
- For a period of 2 years, the rate is 6.7%
- For a period of 3 years, the rate is 6.9%
- For a period of 5 years, the rate is 7.4%
- Minimum Amount for opening of an account and maximum balance that can be retained
- The minimum amount of Rs. 200/- and in multiple thereof
- No Maximum limit
Post Office Monthly Income Schemes Account (MIS) :
- Interest Payables, Rates, Periodicity
- 7.30% per annum payable monthly
- Minimum Amount for opening of an account and maximum balance that can be retained
- In multiples of Rs. 1500/-
- The maximum investment limit for a single account is Rs. 4.5 Lakhs
- Maximum investment limit for a joint account is Rs. 9 Lakhs
Senior Citizen Savings Scheme (SCSS) :
- Interest Payables, Rates, Periodicity
- 7.60% per annum (compounded yearly)
- Minimum Amount for opening of an account and maximum balance that can be retained in the financial year
- Minimum Rs. 500/-
- Maximum Rs. 1,50,000/-
- Deposits can be made in a lump sum or in 12 installments
5 Years National Savings Certificates (NSC) :
- Interest Payables, Rates, Periodicity
- 7.60% per annum compounded annually but payable at maturity
- Minimum Amount for opening of an account and maximum balance that can be retained
- Minimum Rs. 100/- in multiples of Rs. 100
- No Maximum limit
Kisan Vikas Patra (KVP) :
- Interest Payables, Rates, Periodicity
- 7.30% per annum compounded annually
- Amount invested doubles in 118 months
- Minimum Amount for opening of an account and maximum balance that can be retained
- Minimum Rs. 1000/- and in multiples of Rs. 1000
- No Maximum limit
Sukanya Samriddhi Accounts :
- Interest Payables, Rates, Periodicity
- 8.1% per annum calculated on a yearly basis and yearly compounded
- Minimum Amount for opening of an account and maximum balance that can be retained in a financial year
- Minimum Rs. 1000/-
- Maximum limit Rs. 1,50,000/-
- Subsequent deposits in multiple of Rs. 100/-
- Deposits can be made in a lump sum
- No limit on the number of deposits either in a month or in a financial year
