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Post Office Schemes Interest Rates: Investing in Post Office Schemes can be beneficial for you. You get good returns in the post office, as well as the security of your money is also guaranteed. You can invest in many schemes like Post Office Savings Account, Fixed Deposit, Recurring Deposit (Post Office RD), Post Office Public Provident Fund (POPPF), Post Office Senior Citizen Scheme (POSCS), Sukanya Samriddhi Yojana (SSY). Let us know how much interest is being received in the post office scheme.
Post office savings account
In a post office saving account you get an interest of 4%. In a savings account, customers must keep at least 500 rupees in the account at all times. Explain that earlier the minimum balance limit was only 50 rupees. Now, if there is no 500 rupees in the account, then a penalty of 100 rupees will be imposed at the end of the financial year.
Post office fixed deposit
In Post Office FD, Post Office Fixed Deposit, investors will get interest at the rate of 5.8%. The post office fixed deposit has an interest rate of 5.5% for 1-3 years. The 5-year fixed deposit has a 6.7% interest rate. Apart from this, investors will also get tax exemption under Section 80C of Income Tax Act, 1961 on 5 years fixed deposit in post office.
Post Office customers big relief, now PPF, NSC, KVP will get such claims, learn new rules
Public Provident Fund Post
Interest is being paid at the rate of 7.1% per annum on the deposits in the Office of Public Provident Fund. Individuals can invest a minimum of Rs 500 and a maximum of 1.5 lakh in a financial year. You can deposit money in the scheme in lump sum or in 12 installments. The maturity period is 15 years. The deduction can be claimed under Section 80C of the Income Tax Act of the amount deposited in the PPF account. The interest paid on it is completely tax free.
Sukanya Samriddhi Yojana (SSY)
The Kanya Samriddhi Yojana is getting an annual interest rate of 7.6% on the investment. The parents of the scheme have to invest only for 14 years. After this, maturity is attained when it is 21 years. After 14 years, interest on closing amount will be 7.6% per annum. In this, you can open an account for 250 rupees. Customers also get the benefit of tax exemption in SSY. Minimum investment of Rs 1000 and maximum of Rs 1.5 lakh can be done every year.
National Saving Certificate (NSC)
The National Savings Certificate (NSC) is also a good investment option. The maturity period of this scheme is 5 years. The current rate of interest on NSC is 6.8% and interest is compounded annually.
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