Post Office offers many types of investment schemes. All these schemes offer high interest on investment along with many other facilities. The interest rates available in post office schemes are revised or updated every quarter. If you are also thinking of investing in post office schemes, then you should know how much interest is being offered on which scheme.
Post Office Small Saving Scheme: Post Office Scheme is also a very good option for investment. Post Office offers many types of investment schemes. In such a situation, investors have a question in their mind that in which scheme they should invest.
Let us tell you that the interest rates of Post Office Scheme are updated every quarter. Yes, there are revisions in interest rates every quarter. The interest rates for the second quarter of the current financial year 2024-25 i.e. July to September were also updated earlier. The interest rate for October to December will be announced by the end of September.
If you are also thinking of investing in the Post Office Scheme, then we will tell you the latest interest rates of all the schemes. With this you will be able to know in which scheme you are getting more interest.
About Post Office Schemes
Many investment schemes are offered in the post office. By going to the post office, you can invest in small savings schemes like Fixed Deposit, Recurring Deposit, Monthly Income Deposit, Senior Citizen Saving Scheme, Sukanya Samriddhi Yojana, National Saving Certificate, Kisan Vikas Patra, Mahila Samman Saving Certificate.
All these schemes offer interest ranging from 6.7% to 8.2%. Apart from high interest rate, many other benefits are available in post office schemes.
Post Office Saving Account
Like a bank, you can also open a savings account in the post office. In the current second quarter, the post office is giving 4% interest on savings accounts.
Post Office Fixed Deposit Scheme
If you make a fixed deposit in the post office, you get high interest. In this scheme, you get 4 types of interest. Yes, 6.9 percent interest is being given on the scheme maturing in 1 year. At the same time, 7.5 percent interest is being given on the scheme maturing in 5 years. Similarly, 7 percent interest is being given on 2-year FD and 7.1 percent interest is being given on 3-year FD.
Post Office Recurring Deposit Scheme
The Recurring Deposit Scheme of the post office is a kind of SIP of Mutual Fund. Although this scheme matures in 5 years, but you can also extend it for 5 years. This means that the facility of extending the investment time is given in it. Currently, 6.7 percent interest is being offered in this scheme. This interest is applicable for July-September 2024.
Senior Citizen Saving Scheme
A special saving scheme is also being run for senior citizens in the post office. In this scheme, 8.2 percent interest is being given in the current quarter. You can open an account by investing at least Rs 1000 in this scheme. The maximum amount of investment in the scheme is Rs 30 lakh.
Post Office Monthly Income Scheme
Post Office Monthly Saving Scheme (Post Office Monthly Saving Scheme) is getting 7.4 percent interest. In this scheme, interest is paid every month. This means that interest is paid till the scheme matures. However, interest income is taxed. In this scheme also, interest is revised every quarter.
National Saving Certificate
Post Office’s National Saving Certificate (NSC) scheme will get 7.7 percent interest from July to September. This scheme matures in 5 years. In this scheme, compound interest is received i.e. interest is received on interest. Interest is paid after maturity.
Public Provident Fund Scheme
You can also get Public Provident Fund in the post office. 7.1 interest is being given on the Post Office PPF Scheme for the July-September quarter. In the Post Office PPF Scheme, interest is calculated in compound. In this scheme, there is no tax on interest up to Rs 1.5 lakh.
Kisan Vikas Patra
High interest is also being given in the Kisan Vikas Patra (Post Office KVP). Currently, 7.5 percent interest is being given in Kisan Vikas Patra for July-September 2024. This scheme matures in 115 months. Interest is calculated in compound.
Mahila Samman Saving Certificate
Mahila Samman Saving Certificate was started for women in the post office. In this scheme, 7.5 percent interest is being given for the second quarter. Investment can be made in this scheme till 31 March 2025. This scheme matures in 2 years.
Post Office Sukanya Samriddhi Yojana
Post Office Sukanya Samriddhi Yojana is quite popular for the bright future of daughters. For the second quarter of the financial year 2024-25 i.e. July to September, this scheme offers an interest rate of 8.2 percent. Tax benefits are also available in this scheme.
