Post Office Schemes Guide – Secure and Smart Financial Solutions
Post offices offer a range of investment and savings options tailored to meet the diverse needs of individuals, providing a secure avenue for growing your wealth. Whether you’re planning for the future, seeking regular income, or aiming for tax benefits, our guide outlines the various Post Office Schemes available to empower your financial journey.
| 1. Public Provident Fund (PPF): |
| Tenure: 15 years (can be extended in blocks of 5 years). |
| Minimum and Maximum Investment: INR 500 per year, and the maximum limit is INR 1,50,000 per financial year. |
| Interest Rate: From 01.10.2023, 7.1 % per annum (compounded yearly). |
| 2. Sukanya Samriddhi Yojana (SSY): |
| Tenure: 21 years or until the girl child turns 18. |
| Minimum and Maximum Investment: Minimum deposit is INR 250 per year, and the maximum limit is INR 1,50,000 per financial year. |
| Interest Rate : from 01-10-2023, 8.0% Per Annum |
| 3. Senior Citizens Savings Scheme (SCSS): |
| Tenure: 5 years (extendable for another 3 years). |
| Minimum and Maximum Investment: INR 1,000, and the maximum limit is INR 15,00,000. |
| Interest Rate: From 01.10.2023, 8.2% per annum |
| 4. Monthly Income Scheme (MIS): |
| Tenure: 5 years. |
| Investment Limit: The maximum investment limit for an individual is INR 4,50,000. |
| Interest Rate : From 01.10.2023, 7.4 % per annum payable monthly. |
| 5. Time Deposit Account (TD): |
| Tenure: 1, 2, 3, or 5 years. |
| Interest Rate From 01.10.2023 to 31.12.2023: 1yr. 6.9%, 2yr- 7.0%, 3 yr- 7.0%, 5yr- 7.5 % |
| 6. National Savings Certificates (NSC): |
| Tenure: 5 or 10 years. |
| Minimum and Maximum Investment: There is no maximum limit for investment. |
| Interest Rate: From 01.10.2023, 7.7 % compounded annually but payable at maturity |
| 7. Kisan Vikas Patra (KVP): |
| Doubling Period: The doubling period for the invested amount is approximately 124 months. |
| Interest Rate: From 01.10.2023, 7.5 % compounded annually Amount Invested doubles in 115 months (9 years & 7 months) |
| 8. Recurring Deposit (RD): |
| Tenure: 5 years. |
| Minimum and Maximum Investment: Minimum deposit is INR 100 per month, and there is no maximum limit. |
| Interest Rate: From 01.10.2023, 6.7 % per annum (quarterly compounded) |
| 9. Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI): |
| Insurance Coverage: These schemes offer various insurance products with different coverage options. |
| Savings Component: Along with insurance coverage, a part of the premium goes into savings. |
*Interest rates are subject to change without prior notice