Saving money by investing in post office savings schemes can be a good option. In such a situation, you need to know that in which post office savings scheme you will get the return at what rate of interest. Let’s know.
Every person must save some percentage of his total income. Your savings give you financial security for the future. At present, there are many ways to save. Different people adopt different types of savings measures. Some people invest in bank schemes, some invest in equity markets, some people invest in post office schemes and some people may adopt other measures as per their convenience. Everyone’s returns are different. In such a situation, today we will give you information about the savings schemes related to the post office. We will tell you about the interest available on all the savings schemes of the post office, after all, in which scheme you will get the rate of return on investment.
Interest on Post Office Savings Schemes
- Post Office Savings Account: Interest Rate – 4%, Compounding Frequency – Annual
- 1-Year TD Account: Rate of Interest – 5.5 per cent (Annual interest on deposits of Rs.10,000/- Rs.561/-), Compounding Frequency – Quarterly
- 2-Year TD Account: Rate of Interest – 5.5 per cent (Annual interest on deposits of Rs.10,000/- Rs.561/-), Compounding Frequency – Quarterly
- 3-Year TD Account: Rate of Interest- 5.5 per cent (Annual Interest on Deposit of Rs.10,000/- Rs.561/-), Compounding Frequency- Quarterly
- 5-Year TD Account: Rate of Interest – 6.7 percent (Annual interest on deposits of Rs.10,000/- Rs.687/-), Pounding Frequency – Quarterly
- Senior Citizen Savings Scheme: Rate of Interest – 7.4 percent (Quarterly interest on deposits of Rs.10,000/- Rs.185/-), Compounding Frequency – Quarterly
- Monthly Income Scheme Account: Rate of Interest – 6.6% (Monthly Interest on Deposit Rs. 10000/- Deposit Rs. 55/-), Compounding Frequency – Monthly
- PPF: Rate of Interest – 7.1 percent, Compounding Frequency – Annual
- Kisan Vikas Patra: Rate of Interest- 6.9% (maturing in 124 months), Compounding Frequency- Annual
- Sukanya Samriddhi Account: Interest Rate – 7.6 per cent, Compounding Frequency – Annual
