Post Office FD Interest Rates : India’s middle class depends on the post office savings scheme to save! That’s why we will tell you about some such post office schemes today! On which the interest will be more than 7.5% and it is more than the FD of many banks! Let’s know about them!
The most popular of the post office savings schemes is the National Savings Certificate. This is a scam that gives an annual interest of 6.8%! It is paid after the maturity of the dam.
To invest in NSC, an amount of Rs 1000 is for the beginning! It has maturity up to 5 years. If seen according to the rules of 72, then it takes 10.7 years for the money invested in NSC to double!
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Post Office FD Interest Rates
Due to the high interest rate, the Kisan Vikas Patra of the post office is a good savings tool among the middle class people. Especially some people buy these to double the money! This is made available at 6.9 percent annual compound interest! Thus the money invested in it is doubled in 10.4 years! A minimum investment of ₹ 1000 can be made in Kisan Vikas Patra!
Post Office MIS Scheme
In this scheme, the post office also runs a National Savings Monthly Income Scheme, on which the customer is given an interest of 6.6 percent of the year! But it is paid on a monthly basis in his account. Investment in this scheme starts from ₹ 1000 with a maximum limit of ₹ 4.5 lakh in a single account and ₹ 900000 in a joint account!
SCSS Interest Rates
In this scheme, post offices run a separate savings scheme SCSS for senior citizens. The person investing in this gets 7.4 percent interest per year, and the interest is paid on the basis of 3 months! Anyone above 60 years can invest in this! The maximum amount to invest in it is ₹ 1500000!
Apart from this, people can get the facility of investment in Sukanya Samriddhi Yojana account and Public Provident Fund in the post office. This is 7. 6% and 7.1% interest is given! Government interest for PPF accounts keep changing! The government will also change the interest on other schemes.
Post Office Fixed Deposit
In this scheme, the interest received on post office savings scheme can be compared to the FD of banks, and the interest received on FD in most banks ranges from 2.5 percent to 5.5 percent! The highest interest rate offered by Axis Bank is 5.75%! While most of the interest rate on FDs of banks for senior citizens is 6.5%, and it is more than 7% in the post office!
Summary
Today in this article, I have given you information about the different investment schemes running in the post. We hope that this information given by us will prove beneficial for you, keep visiting our website regularly for such news.
