PPF, Other Small Savings Schemes Offer Up To 8.6% Return In March Quarter. Compare Interest Rates

Post Office Account Interest Rate: The Department of Posts offers nine different types of small savings schemes at designated post offices. These investment schemes - including the 15-Year Public Provident Fund account and the Senior Citizen Savings Scheme - offer interest rates to the tune of 4-8.6 per cent for the quarter ending March 31, according to a finance ministry statement. The interest rates applicable to these small savings schemes are reviewed by the government every quarter. For opening a post office account in any of these schemes, one requires a minimum investment in the range of Rs 250-Rs 1,000, according to the India Post website..Investment in government-run small savings schemes today fetches the following returns for the quarter ending March 31:.table.book_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.book_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.book_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; width: 35%; } table.book_tbl td:last-child, table.book_tbl th:last-child { border-right: none; } .scroll { overflow: auto; } @media (max-width : 480px) { table.book_tbl, thead.book_tbl, tbody.book_tbl, th.book_tbl, td.book_tbl, tr.book_tbl { font-size: 14px; } table.book_tbl th.book_tbl, table.book_tbl td.book_tbl { padding: 4px; } } . Small Savings Scheme Interest Rate Minimum Amount Required For Opening Account Post Office Savings Account 4% Rs 500 5-Year Post Office Recurring Deposit (RD) Account 7.20% Rs 100 per month Post Office Time Deposit (TD) Account - One Year 6.90% Rs 1,000 Post Office Time Deposit Account (TD) - Two Years 6.90% Rs 1,000 Post Office Time Deposit Account (TD) - Three Years 6.90% Rs 1,000 Post Office Time Deposit Account (TD) - Five Years 7.70% Rs 1,000 Post Office Monthly Income Scheme Account (MIS) 7.60% Rs 1,000 Senior Citizen Savings Scheme (SCSS) 8.60% Rs 1,000 15-Year Public Provident Fund Account (PPF) 7.90% Rs 500 National Savings Certificates (NSC) 7.90% Rs 1,000 Kisan Vikas Patra (KVP) 7.60% Rs 1,000 Sukanya Samriddhi Account 8.40% Rs 250 (Source: indiapost.gov.in) .The post office time deposit (fixed deposit) account is available in four maturity options, from one year to five years. While the time deposit account of one-, two- and three-year maturity periods currently offer interest at the rate of 6.9 per cent each, the five-year option provides a return of 7.7 per cent..India Post - which comes under the ambit of Ministry of Communications - has a network of more than 1.5 lakh post office branches across the country.

PPF, Other Small Savings Schemes Offer Up To 8.6% Return In March Quarter. Compare Interest Rates

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