Postal Department Savings and Returns as per the Interest Rates

News & Updates Order & Circular
Postal Department Savings and Returns as per the Interest Rates
Postal Department Savings and Returns as per the Interest Rates

Government of India, Postal Department savings and returns as per the
interest rates (revised) for the Period 01.01.2018 to 30.09.2018

POST OFFICE
INVESTMENT
SCHEMES
RATE OF
INTEREST IN
%
MINIMUM/MAXIMUM
DEPOSIT AMOUNT IN
RS.
RETURNS IN RS.
(APPROXIMATELY)
REMARKS
SB Account
(SB)
4% Min Rs.50
Max No limit
No maturity period. Every year Interest will be paid as per their savings. ATM facility available. Can
withdraw from bank ATM too.
No service charge for PO ATM
withdrawal. Free SMS service.
Interest upto Rs.10000 tax
free
RD Account
(RD) Wears
6.9%
Quarterly
Compound
Monthly Min Rs.10
Maximum No Limit
For Monthly Rs.1000
investment, total deposit Rs.60000, Maturity amount is Rs.71743
Monthly Recurring Deposit.
After 3 years Premature
closure is allowed.
Monthly Income Scheme (MIS) 5 Years 7.3%
Monthly
and paid
Minimum Multiples of
Rs.100/- Maximum
Rs.4.5 lakh for single
Rs.9 lakhs for joint
For Rs.1,00,000/-
Monthly interest Rs. 608
Monthly interest can be withdrawn.
After 1/3 year premature
closure is allowed with 2%/1% deduction.
1 Year Time
Deposit
(1year TD)
6.6%
(quarterly
compound)
Minimum Multiples of
Rs.100/ Maximum No
limit
For Rs.10000 investment Maturity amount Rs.10677 1 year Fixed deposit. Can be closed prematurely after 6months with SB rate of interest
2 Years Time
Deposit
(2Years TD)
6.7%
(quarterly
compound)
Minimum Multiples of
Rs.100/ Maximum No
limit
For Rs.10000 investment
Maturity amount
Rs.11374
2 years Fixed deposit. Can be closed prematurely after 6
months with SB interest
3 Years Time
Deposit
(3Years TD)
6.9%
(quarterly
compound)
Minimum Multiples of
Rs.100/ Maximum No
limit
For Rs.10000 investment
Maturity amount
Rs.12124
3 years Fixed deposit. Can be closed prematurely after 6
months with SB interest
5 Years Time
Deposit
(Wears TD)
7.4%
(quarterly
compound)
Minimum Multiples of
Rs.100/ Maximum No
limit
For Rs.10000 investment
Maturity amount
Rs.13805
5 years Fixed deposit. Can be closed prematurely after 6

months with SB interest. Can claim IT exemption under 80C

Senior Citizen Scheme (5 years) 8.3%
uarterly
q
uarterlyand paid
Multiples of Rs.1000/-
Maximum
Rs.15 lakhs
For Rs.11akh
Rs.2075 interest for every 3 months
For retired defence
personnel, 50 years above other citizens 60yrs and above can open SCS A/Cs.
Interest Upto Rs.50000 tax free
Sukanya Samridhi Account (21 years)For girl child
below 10
years age
8.1% Minimum Rs.250/-
Deposit Multiples of
Rs.100. Maximum
Rs.1.5 lakhs for the
financial year.
If monthly contribution is
Rs1000/ for 15 years total
contribution is 180000/-
Maturity value would be
approximately
Rs5,26,991) for 8.1 % interest after 21 years period.
Depositing period 15 years.
Maturity period 21 years or else after marriage.
Can withdraw 50% amount after 10std of girl child for her studies.
New scheme launched by the Govt of India, to the welfare of girl children. Can claim IT exemption under 80c
PPF
Periodl5
years, can
be opened
for boy child
7.6% Minimum Rs.500/-
Deposit Multiples of
Rs.100. Maximum
Rs.1.5 lakhs for the F.Y
If monthly contribution is
Rs1000/ for 15 years total
contribution is 180000/-
Maturity amount is
Rs3,28,862(approx) for 7.6% interest
For recurring Savings and Income tax concession purpose
also
Kisan Vikas
Patra (KVP)
118 months
7.3%
Doubles in
9 years 10
months
Multiples of Rs.1000/
Maximum No limit
For llakh investment,
maturity Rs.2 Lakhs
Investment will be doubled in 118 months
National
Savings
Certificate
(NSC)
5 years
7.6%
(Annually
compound
interest)
Minimum Rs.100/
Maximum No limit
For Rs.10000 Maturity
amount Rs.14423
For fixed deposit and
Income tax concession
purpose

Compiled by Shri. K.Kalimuthu, Post Master Grade II, General Secretary, All India Association of Postal Supervisors, Gopalapuram Post office, Chennai 600086. Chennai area people, firms and companies may contact myself through Mobile No. 9566330927 (1000 to 1600hrs) to open accounts to all. Others PI contact nearest post office for more details.

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