Post Office Saving Schemes Latest Interest Rate

   Post Office Saving Schemes Latest Interest Rate for 2021

Interest rate on India Post Office Saving Schemes for Jan 2021 to March 2021 :-

No cut in PPF, NSC, other post office schemes' interest rates for Q4 of FY 2020-21

This was announced by the finance ministry via a circular dated Dec 30, 2020. As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%. Here is a look at the interest rates on various small savings schemes for the final quarter of FY 2020-21.

Post Office Savings Account(SB)​ :-

Post Office Savings Account(SB)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
​4.0% per annum on individual / joint accounts	​Minimum INR 500/- for opening

National Savings Recurring Deposit Account(RD) :-

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5-Year Post Office Recurring Deposit Account (RD)

​Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:- 5.8​ % per annum (quarterly compounded) ​	Minimum INR 100/- per month or any amount in multiples of INR 10/-. No maximum limit.

National Savings Time Deposit Account(TD):-

Post Office Time Deposit Account (TD)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
Interest payable annually but calculated quarterly.	Minimum INR 1000/- and in multiple of 100. No maximum limit.

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Interest rates From 01.04.2020 to 30.06.2020

Period	Rate
1yr.A/c	5.5%
2yr.A/c	5.5%
3yr.A/c	5.5​%
5yr.A/c	6.7​ %

National Savings Certificates (VIIIth Issue) (NSC) :-

National Savings Certificates (NSC)

Scheme	Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
National Savings Certificates (NSC) 5 Years National Savings Certificate (VIII Issue)	From 01.04.2020, interest rates are as follows:- 6.8 % compounded annually but payable at maturity. INR 1000/- grows to INR 1389.49 ​after 5 years	Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit

Sukanya Samriddhi Account(SSA)​ :-

Sukanya Samriddhi Accounts

​Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
Rate of interest 7.6​​% Per Annum(with effect from 01-04-2020 ), calculated on yearly basis ,Yearly compounded.	Minimum INR. 25​0/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 50/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year

Public Provident Fund Account(PPF ) :-

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15 year Public Provident Fund Account (PPF )

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:- 7.1 % per annum (compounded yearly). ​	> Minimum INR. 500/- Maximum INR. 1,50,000/- in a  financial year. > Deposits can be made in lump-sum or in ​installments.

Senior Citizens Savings Scheme Account(SCSS) :-

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Senior Citizen Savings Scheme (SCSS)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020 , interest rates are as follows:- 7.4 ​% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.	There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 lakh.

National Savings Monthly Income Account(MIS) :-

Post Office Monthly Income Scheme Account (MIS)

​Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04​.2020, interest rates are as follows:- 6​.6​ % per annum payable monthly.	> In multiples of INR 1000/-Maximum investment limit is INR 4.5 lakh in single account and INR 9 lakh in joint account > An individual can invest maximum INR 4.5 lakh in MIS (including his share in joint accounts) > For calculation of share of an individual in joint account, each joint holder have equal share in each joint account.

Kisan Vikas Patra(KVP) :-

Kisan Vikas Patra (KVP )

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:- 6.9 % compounded annually Amount Invested doubles in 124 months (10 years & 4​​​ months) ​	Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit.