Government revises the interest rate on post office schemes every three months. In the last quarter, the government did not make any change in the interest rates of any post office scheme. In such a situation, now people are waiting for October. If you are also planning to invest, then check the interest rates here.
Post Office Investment: The government revises the interest on post office schemes every three months. For the second quarter (July to September) of the financial year 2024-25, the government did not make any change in the interest rates of any post office scheme. In such a situation, now people are waiting for October. On October 1, once again the government will revise the interest rates of the scheme. In such a situation, new interest rates may be applicable on Small Savings Scheme.
People are waiting the most for PPF because the government has not changed the interest on PPF for a long time. Now investors are waiting for the increased interest rates in this scheme. Let us tell you how much interest is being given on which scheme of post office at present. If you want to invest in post office scheme in the month of September, then in which scheme you can get the most benefit.
Interest Rates of Post Office Schemes
- Post Office Savings Account- 4%
- 1 Year Time Deposit- 6.9%
- 2 Year Time Deposit- 7.0%
- 3 Year Time Deposit- 7.1%
- 5 Year Time Deposit- 7.5%
- 5-Year Recurring Deposit Account- 6.7%
- Senior Citizen Savings Scheme- 8.2%
- Monthly Income Scheme- 7.4%
- Public Provident Fund Scheme- 7.1%
- Sukanya Samriddhi Account- 8.2%
- National Savings Certificates- 7.7%
- Kisan Vikas Patra- 7.5%
- Mahila Samman Savings Certificate- 7.5%
These options will be available only in post offices
Out of all these schemes, you will get options for some in banks also, while some schemes can be opened only in post offices. National Savings Certificates, Mahila Samman Savings Certificate, Monthly Income Scheme are such schemes in which you will have to go to the post office to invest.
Both NSC and MSSC are like fixed deposits. Any Indian citizen can invest in NSC for 5 years. This scheme is also included in the portfolio of Prime Minister Narendra Modi himself. MSSC is run to encourage women’s savings. In this scheme, money has to be deposited for two years. Former Union Minister Smriti Irani has also invested in this scheme.
MIS scheme is a scheme that provides regular income every month. In this scheme, a maximum of 9 lakh rupees can be deposited on a single account and a maximum of 15 lakh rupees on a joint account. This amount is deposited for 5 years. Money is given on this at the rate of 7.4%.
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