Government of India, Postal Department Interest rate for the period 01.07.2017 to 30.09.2017
Post office investment Schemes
|
Rate of
Interest in
%
|
Minimum/Maximum Deposit Amount in Rs.
|
Returns inRs. (Approximately)
|
Remarks
|
SB Account
(SB)
|
4%
|
MinRs50
Maxunlimited
|
No maturity period.Every year Interest willbe paid as per theirsavings.
|
ATM facility available.Can withdraw from bankATM too. No servicecharge for PO ATMwithdrawal. Free SMSservice.
|
RD Account
(RD)5Years
|
7.1%Compound Interest
|
Monthly MinRs.10
Maximum No Limit
|
For MonthlyRs.1000investment Maturity amountis Rs.72125
|
Monthly Recurring Deposit. After 3 yearsPremature closure isallowed.
|
Monthly IncomeScheme (MIS)5
Years
|
7.5%
|
Minimum Multiples of Rs.1500/- Maximum
Rs.4.5 lakh for single
Rs.9 lakhsfor joint
|
For Rs.100500/- Monthly interest Rs.628
|
Monthly interest can be withdrawn.
After 2/3 yearspremature closure isallowed with
2%/1%deduction.
|
1 Year TimeDeposit (1yearTD)
|
6.8% (quarterly compound)
|
Minimum Multiples of Rs.200/Maximum Nolimit
|
For Rs.10000investment Maturityamount Rs.10698
|
1 year Fixed deposit.Can be closedprematurely after 6 months with SB rate ofinterest
|
2 YearsTimeDeposit (2Years TD)
|
6.9% (quarterly compound)
|
Minimum Multiples of Rs.200/ Maximum Nolimit
|
For Rs.10000investment Maturityamount Rs.11416
|
2 years Fixed deposit.Can be closedprematurely after 6 months with SB interest
|
3 YearsTimeDeposit (3Years TD)
|
7.1% (quarterly compound)
|
Minimum Multiples of Rs.200/Maximum Nolimit
|
For Rs.10000investment Maturityamount Rs.12187
|
3 years Fixed deposit.Can be closedprematurely after 6 months with SB interest
|
5 YearsTimeDeposit (5Years TD)
|
7.6% (quarterly compound)
|
Minimum Multiples of Rs.200/Maximum Nolimit
|
For Rs.10000investment Maturityamount Rs.13910
|
5 years Fixed deposit.Can be closedprematurely after 6 months with SB interest.Can claim IT exemptionunder 80C
|
SeniorCitizenScheme (5 years)
|
8.3%
|
Multiples ofRs.1000/- Maximum
Rs.15lakhs
|
For Rs.1lakh
Rs.2075 interest forevery
3 months
|
For retiredGovt/defence/ public sector employees and above 60 years age citizens. Investment can be claimed under80c
|
SukanyaSamridhi Account (21 years)
For girlchildbelow 10 years age
|
8.3%
|
MinimumRs.1000/- Deposit Multiplesof Rs.100.Maximum Rs.1.5lakhs for the F.Y
|
If monthly contributionis Rs1000/ for 14 yearstotal contribution is168000/- Maturityvalue would be approximatelyRs562355) for 8.3%interest after 21 yearsperiod.
|
Depositing period 14years. Maturity 21years or else aftermarriage.
Can withdraw 50% amount after 18 yearsof girl child for herstudies.
New scheme launchedby the
Govt of India, to thewelfare of girl children.Can claim ITexemption under 80c
|
PPF Period15 years
|
7.8%
|
MinimumRs.500/- Deposit Multiples of Rs.100.Maximum Rs.1.5lakhs for the F.Y
|
If monthly contributionis Rs1000/ for 15 yearstotal contribution is180000/- Maturityamount is Rs334352(approximately) for 7.8% interest
|
For Savings andIncome tax concessionpurpose
|
Kisan Vikas
Patra (KVP)
100 months
|
7.5%Doublesin
9 years 7months
|
Multiples ofRs.1000/ Maximum Nolimit
|
For 1lakhinvestment, maturity Rs.2 Lakhs
|
Investment will bedoubled in
115 months
|
NationalSavingsCertificate (NSC)
5 years
|
7.8% (quarterly compoundinterest)
|
MinimumRs.100/ MaximumNo limit
|
For Rs.10000 Maturity amountRs.14558
|
For Income taxconcessionpurpose
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