Government of India, Postal Department Interest rate for the period 01.07.2017 to 30.09.2017
| PostofficeinvestmentSchemes | Rate of Interest in % |
Minimum/Maximum Deposit Amount in Rs. |
Returns inRs. (Approximately) |
Remarks |
SB Account (SB) |
4% |
MinRs50 Maxunlimited |
No maturity period.Every year Interest willbe paid as per theirsavings. |
ATM facility available.Can withdraw from bankATM too. No servicecharge for PO ATMwithdrawal. Free SMSservice. |
RD Account (RD)5Years |
7.1%Compound Interest | Monthly MinRs.10 Maximum No Limit |
For MonthlyRs.1000investment Maturity amountis Rs.72125 | Monthly Recurring Deposit. After 3 yearsPremature closure isallowed. |
| Monthly IncomeScheme (MIS)5 Years |
7.5% |
Minimum Multiples of Rs.1500/- Maximum Rs.4.5 lakh for single Rs.9 lakhsfor joint |
For Rs.100500/- Monthly interest Rs.628 | Monthly interest can be withdrawn. After 2/3 yearspremature closure isallowed with 2%/1%deduction. |
1 Year TimeDeposit (1yearTD) |
6.8% (quarterly compound) |
Minimum Multiples of Rs.200/Maximum Nolimit |
For Rs.10000investment Maturityamount Rs.10698 |
1 year Fixed deposit.Can be closedprematurely after 6 months with SB rate ofinterest |
| 2 YearsTimeDeposit (2Years TD) | 6.9% (quarterly compound) | Minimum Multiples of Rs.200/ Maximum Nolimit | For Rs.10000investment Maturityamount Rs.11416 | 2 years Fixed deposit.Can be closedprematurely after 6 months with SB interest |
| 3 YearsTimeDeposit (3Years TD) | 7.1% (quarterly compound) | Minimum Multiples of Rs.200/Maximum Nolimit | For Rs.10000investment Maturityamount Rs.12187 | 3 years Fixed deposit.Can be closedprematurely after 6 months with SB interest |
5 YearsTimeDeposit (5Years TD) |
7.6% (quarterly compound) |
Minimum Multiples of Rs.200/Maximum Nolimit |
For Rs.10000investment Maturityamount Rs.13910 |
5 years Fixed deposit.Can be closedprematurely after 6 months with SB interest.Can claim IT exemptionunder 80C |
SeniorCitizenScheme (5 years) |
8.3% |
Multiples ofRs.1000/- Maximum Rs.15lakhs |
For Rs.1lakh Rs.2075 interest forevery 3 months |
For retiredGovt/defence/ public sector employees and above 60 years age citizens. Investment can be claimed under80c |
SukanyaSamridhi Account (21 years) For girlchild below10 years age |
8.3% |
MinimumRs.1000/- Deposit Multiplesof Rs.100.Maximum Rs.1.5lakhs for the F.Y |
If monthly contributionis Rs1000/ for 14 yearstotal contribution is168000/- Maturityvalue would be approximatelyRs562355) for 8.3%interest after 21 yearsperiod. |
Depositing period 14years. Maturity 21years or else aftermarriage. Can withdraw 50% amount after 18 yearsof girl child for herstudies. New scheme launchedby the Govt of India, to thewelfare of girl children.Can claim ITexemption under 80c |
PPF Period15 years |
7.8% |
MinimumRs.500/- Deposit Multiples of Rs.100.Maximum Rs.1.5lakhs for the F.Y |
If monthly contributionis Rs1000/ for 15 yearstotal contribution is180000/- Maturityamount is Rs334352(approximately) for 7.8% interest | For Savings andIncome tax concessionpurpose |
Kisan Vikas Patra (KVP) 100 months |
7.5%Doublesin 9 years 7months |
Multiples ofRs.1000/ Maximum Nolimit |
For 1lakhinvestment, maturity Rs.2 Lakhs |
Investment will bedoubled in 115 months |
| NationalSavingsCertificate (NSC) 5 years |
7.8% (quarterly compoundinterest) |
MinimumRs.100/ MaximumNo limit |
For Rs.10000 Maturity amountRs.14558 |
For Income taxconcessionpurpose |
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