{"id":562,"date":"2020-05-09T11:57:58","date_gmt":"2020-05-09T06:27:58","guid":{"rendered":"https:\/\/vdtc.co.in\/?p=562"},"modified":"2020-05-09T12:22:08","modified_gmt":"2020-05-09T06:52:08","slug":"post-office-schemes","status":"publish","type":"post","link":"https:\/\/vdtc.co.in\/?p=562","title":{"rendered":"Post Office Schemes"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Post Office Savings Scheme :<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>4.0% per annum on individual\/joint accounts<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>The minimum amount of Rs. 20\/- for opening<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>5-Year Post Office Recurring Deposit Account (RD) :<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>6.9% per annum (quarterly compounded)<\/li><li>Can be continued for 5 years on year to year basis<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>The minimum amount of Rs. 10\/- per month or any amount in multiples of Rs. 5\/-<\/li><li>No Maximum limit<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>Post Office Time Deposit Account (TD) :<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>Interest payable annually but calculated quarterly<\/li><li>For a period of 1 year, the rate is 6.6%<\/li><li>For a period of 2 years, the rate is 6.7%<\/li><li>For a period of 3 years, the rate is 6.9%<\/li><li>For a period of 5 years, the rate is 7.4%<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>The minimum amount of Rs. 200\/- and in multiple thereof<\/li><li>No Maximum limit<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Post Office Monthly Income Schemes Account (MIS) :<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>7.30% per annum payable monthly<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>In multiples of Rs. 1500\/-<\/li><li>The maximum investment limit for a single account is Rs. 4.5 Lakhs<\/li><li>Maximum investment limit for a joint account is Rs. 9 Lakhs<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Senior Citizen Savings Scheme (SCSS) :<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>7.60% per annum (compounded yearly)<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained in the financial year<ul><li>Minimum Rs. 500\/-<\/li><li>Maximum Rs. 1,50,000\/-<\/li><li>Deposits can be made in a lump sum or in 12 installments<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>5 Years National Savings Certificates (NSC) :<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>7.60% per annum compounded annually but payable at maturity<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>Minimum Rs. 100\/- in multiples of Rs. 100<\/li><li>No Maximum limit<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em><strong>Kisan Vikas Patra (KVP) :<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>7.30% per annum compounded annually<\/li><li>Amount invested doubles in 118 months<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained<ul><li>Minimum Rs. 1000\/- and in multiples of Rs. 1000<\/li><li>No Maximum limit<\/li><\/ul><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Sukanya Samriddhi Accounts :<\/em><\/strong><\/p><\/blockquote>\n\n\n\n<ul class=\"wp-block-list\"><li>Interest Payables, Rates, Periodicity<ul><li>8.1% per annum calculated on a yearly basis and yearly compounded<\/li><\/ul><\/li><li>Minimum Amount for opening of an account and maximum balance that can be retained in a financial year<ul><li>Minimum Rs. 1000\/-<\/li><li>Maximum limit Rs. 1,50,000\/-<\/li><li>Subsequent deposits in multiple of Rs. 100\/-<\/li><li>Deposits can be made in a lump sum<\/li><li>No limit on the number of deposits either in a month or in a financial year<\/li><\/ul><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n<p><span class=\"more-wrapper\"><a class=\"more-link button\" href=\"https:\/\/vdtc.co.in\/?p=562\">Continue reading<\/a><\/span><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-562","post","type-post","status-publish","format-standard","hentry","category-banking"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/562"}],"collection":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=562"}],"version-history":[{"count":1,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/562\/revisions"}],"predecessor-version":[{"id":563,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/562\/revisions\/563"}],"wp:attachment":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}