Post Office Savings Bank - Rate of Interest, Maturity Period, TDS and Taxable Interest

POSB Interest Rate w.e.f 01/04/2024

Interest Rate Table for Post Office Schemes 

The interest rates for the Post Office Savings Bank's Small Saving Scheme are as follows, effective from April 1, 2024 (first quarter of the financial year 2024-25), and will remain unchanged for the second quarter of the financial year 2024-25, from July 1, 2024 to September 30, 2024.

Small Savings Scheme in Post Office	Rate Of Interest	Maturity Period	TDS on Investment	Is Interest Taxable?
Post Office Savings Account - POSA	4.0%	Not Applicable	No	Yes
Post Office Recurring Deposit - PORD	6.7%	5 Years	No	Yes
Post Office Monthly Income Scheme -MIS	7.4%	5 Years	No	Yes
Post Office Time Deposit (1 year)-1TD	6.9%	1 Year	No	Yes
Post Office Time Deposit (2 year)-2TD	7%	2 Years	No	Yes
Post Office Time Deposit (3 year)-3TD	7.1%	3 Years	No	Yes
Post Office Time Deposit (5 year)-5TD	7.5%	5 Years	Yes	Yes
Kisan Vikas Patra (KVP)	7.5%	30 Months Lock-in period	No	Yes
Public Provident Fund (PPF)	7.1%	15 Years	Yes	No
Sukanya Samriddhi Yojana - SSA	8.2%	21 Years	Yes	No
National Savings Certificate -NSC	7.7%	5 Years	Yes	No
Senior Citizens Savings Scheme -SCS	8.2%	5 Years	Yes	Yes

The above mentioned rate of interest is subject to be revised every quarter (every three months) by the Ministry of Finance.