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HomeUncategorizedNow accounts can be opened in all the savings schemes including PPF...

Now accounts can be opened in all the savings schemes including PPF and Senior Citizen Savings Scheme in post offices of rural areas also

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There are a total of 131113 branches of post offices in rural areas.
After getting this facility, the rural people will not have to go to the city

Now post offices in all branch offices of postal department in rural areas will be able to open accounts for all savings schemes. Till now, accounts under these schemes could be opened only in the urban branches of the post office. After getting this facility, rural people will not have to go to the city.


Also Read: SBI PPF Account: Open PPF account in SBI in this way, know what are the benefits

Now all facilities will be available


, according to the Ministry, there are a total of 131113 branches of post offices in rural areas. At present, these branches provide facilities in letter, speed post, parcel, electronic money transfer, rural postal life insurance, post office savings account, recurring deposit, time deposit and Sukanya Samriddhi account schemes. But now through the post office of the village also be invested in schemes like Public Provident Fund (PPF), Kisan Vikas Patra (KVP), National Savings Certificate (NSC), Monthly Income Scheme (MIS) and Senior Citizen Savings Scheme (SCSS) Will be able to

Post office schemes and interest on them

The scheme Rate of interest(%)
1-3 year old FD 5.5
5 year old FD 6.7
RD (5 years) 5.8
Senior Citizen Scheme (5 years) 7.4
Monthly Income Account (MIA) 6.6
National Savings Letter (NSC) 6.8
Public Provident Fund (PPF) 7.1
Kisan Vikas Patra 6.9
Sukanya Samriddhi 7.6
Savings account 4.0
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