Friday, 24 January 2020

Revised Interest Rates of Post Office Savings and Returns for the period 12.12.2019 to 31.03.2020 - India Post

Revised Interest Rates of Post Office Savings and Returns for the period 12.12.2019 to 31.03.2020 - India Post

Government of India, Postal Department Savings and returns as per the interest rates (revised) for the period 12.12.2019 to 31.03.2020.



Post office
investment
Schemes
Rate of
Interest in
%
Minimum/Maximum
Deposit Amount in
Rs.
Returns in Rs.
(Approximately)
Remarks
SB Account
(SB)
4%Min Rs.500
Max No limit
No maturity period. Every
year Interest will be paid
as per their savings.
ATM  facility  available. 
Can withdraw from
 bank ATM too. 
No service charge 
for PO ATM Withdrawal. 
Free  SMS service. 
Interest upto Rs.10000
 tax free
RD Account
(RD) 5 Years
7.2%
Quarterly
Compound
Monthly Min Rs.100.
Multiples of Rs.10/-
Maximum No Limit
For Monthly Rs.1,000
investment, total deposit
Rs.60000, Maturity
amount is Rs.72314.
Monthly Recurring 
Deposit.
After 3 years Premature
closure is allowed with 
SB interest. After one
 year Loan is admissible
 @ 50% savings.
Monthly
Income
Scheme
(MIS) 5
Years
7.6%
Monthly
and paid
Min.Rs.1000/- Multiples of 
Rs.1000/- Maximum
Rs.4.5 lakh for single
Rs.9 lakhs for joint
For Rs.1,00,000/-
Monthly interest Rs.633.
Total Maturity value
Rs.1,37,980.
Monthly interest can be 
withdrawn. After 1
 or 3 years premature
closure is allowed with
 2% or 1% deduction.
1 Year Time
Deposit
(Fixed deposit)
6.9%
(quarterly
compound)
Min Rs.1000/- Multiples of
 Rs.100/ Maximum no limit
For Rs.1,00,000
investment Maturity
amount Rs.1,07.081.
Can be closed 
prematurely after 6 
months with 
SB rateof interest.
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2 Years Time
Deposit
(Fixed deposit)
6.9%
(quarterly
compound)
Min Rs.1000/- Multiples of
 Rs.100/ Maximum No limit
For Rs.1,00,000
investment Maturity
amount Rs.1,14,162.
Yearly interest Rs. 7081. 
Can be closed prematurely
 after 6 months with 
SB interest
3 Years Time
Deposit
(Fixed deposit)
6.9%
(quarterly
compound)
Min Rs.1000/- Multiples of 
Rs.100/ Maximum No limit
For Rs.1,00,000
investment Maturity
amount Rs.1,21,243.
Yearly interest Rs. 7081.
 Can be closed prematurely
 after 6 months with 
SB interest
5 Years Time
Deposit
(Fixed deposit)
7.7%
(quarterly
compound)
Min Rs.1000/- Multiples of 
Rs.100/ Maximum 
No limit
For Rs.1,00,000
investment Maturity
amount Rs.1,39,625.
Yearly interest Rs.7081.
 Can be closed 
prematurely after 6
 months with SB interest.
 Can claim IT 
exemption under 80C
Senior
Citizen
Scheme
(5 years)
8.6%
quarterly
and paid
Minimum Rs.1000/-
Multiples of Rs.1000/-
Maximum
Rs.15 lakhs
For Rs.1akh
Rs.2150 interest for every
3 months. Maturity value Rs.1,43,000.
Can close prematurely
before 1 year, no interest
1 to 2yrs 1.5% interest
less, After 2to 5 yrs 1%
Interest less in Principle.
For retired defence
personnels, age 50 &
 Above, Retired Other Superannuation 
personnels, 
age 55 & above other
 citizens age 60 and
above can open SCS 
A/Cs. Can Claim IT 
exemption under 80c. 
Interest upto
Rs.50000 tax free
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Sukanya
Samridhi
Account
(21 years)
For girl child
below 10
years age
8.4%A/C opening Minimum Rs.250/-
Deposit Multiples of
Rs.50. For Financial
Year Min. Rs.250/-
Maximum Rs.1.5 lakhs
If monthly contribution is
Rs 1000/ for 15 years total
contribution is 1,80,000/-
Maturity value would be
approximately
Rs 5,70,205) for 8.4%
interest after 21 years
period.
Depositing period 15 
years. Maturity 21
 years or else after 
marriage. Can withdraw 
50% amount after 
10std of girl child
studies. New Scheme
launched to the welfare 
of girl children. 
Can claim IT
exemption under 80c
PPF
Period 15
years, can
be opened
for boy child
also
7.9%Minimum Rs.500/-
Deposit Multiples of
Rs.50. Maximum Rs.1.5 lakhs 
for the F.Y
If monthly contribution is
Rs 1,000/ for 15 years
total contribution is
1,80,000/- Maturity
amount is Rs.3,37,138.
(approx) for 7.9% interest
For recurring Savings 
and Can claim IT
 exemptionunder 80c
Kisan Vikas
Patra (KVP)
9 yrs 5 months
7.6%Minimum Rs.1000/
Multiples of Rs.100/-
Maximum No limit
For 1 lakh investment,
maturity Rs. 2 Lakhs.
Investment will be
doubled in 113 months
National
Savings
Certificate
(NSC)
5 years

7.9%
(Annually
compound
interest)
Minimum Rs.1000/
Multiples of Rs.100/-
Maximum No limit
For Rs. 1,00,000 Maturity
amount Rs. 1,46,254.
For fixed deposit. Can
Claim IT exemption 
under80C

Compiled by Shri. K.Kalimuthu, HSG IT Post Master, General Secretary, All India Association of Postal Supervisors, Gopalapuram Post office, Chennai 600086.



revised-interest-rates-of-post-office-savings

Source: indiapost.gov.in

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