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Monday, July 03, 2017

Post Office Interest Rate for the period 01.07.2017 to 30.09.2017

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 in Rs. (Approximately)
Remarks
SB Account
(SB)
4%
Min Rs50
Max unlimited
No maturity period. Every year Interest will be paid as per their savings.
ATM facility available. Can withdraw from bank ATM too. No service charge for PO ATM withdrawal. Free SMS service.
RD Account
(RD) 5Years
7.1% Compound Interest
Monthly Min Rs.10
Maximum No Limit
For Monthly Rs.1000 investment Maturity amount is Rs.72125
Monthly Recurring Deposit. After 3 years Premature closure is allowed.
Monthly Income Scheme (MIS) 5
Years
7.5%
Minimum Multiples of Rs.1500/- Maximum
Rs.4.5 lakh for single
Rs.9 lakhs for joint
For Rs.100500/- Monthly interest Rs.628
Monthly interest can be withdrawn.
After 2/3 years premature closure is allowed with
2%/1% deduction.
1 Year Time Deposit (1year TD)
6.8% (quarterly compound)
Minimum Multiples of Rs.200/ Maximum No limit
For Rs.10000 investment Maturity amount Rs.10698
1 year Fixed deposit. Can be closed prematurely after 6 months with SB rate of interest
2 Years Time Deposit (2Years TD)
6.9% (quarterly compound)
Minimum Multiples of Rs.200/ Maximum No limit
For Rs.10000 investment Maturity amount Rs.11416
2 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
3 Years Time Deposit (3Years TD)
7.1% (quarterly compound)
Minimum Multiples of Rs.200/ Maximum No limit
For Rs.10000 investment Maturity amount Rs.12187
3 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
5 Years Time Deposit (5Years TD)
7.6% (quarterly compound)
Minimum Multiples of Rs.200/ Maximum No limit
For Rs.10000 investment Maturity amount Rs.13910
5 years Fixed deposit. Can be closed prematurely after 6 months with SB interest. Can claim IT exemption under 80C
Senior Citizen Scheme (5 years)
8.3%
Multiples of Rs.1000/- Maximum
Rs.15 lakhs
For Rs.1 lakh
Rs.2075 interest for every
3 months
For retired Govt/defence/ public sector employees and above 60 years age citizens. Investment can be claimed under 80c
Sukanya Samridhi Account (21 years)
For girl child below 10 years age
8.3%
Minimum Rs.1000/- Deposit Multiples of Rs.100. Maximum Rs.1.5 lakhs for the F.Y
If monthly contribution is Rs1000/ for 14 years total contribution is 168000/- Maturity value would be approximately Rs562355) for 8.3% interest after 21 years period.
Depositing period 14 years. Maturity 21 years or else after marriage.
Can withdraw 50% amount after 18 years of girl child for her studies.
New scheme launched by the
Govt of India, to the welfare of girl children. Can claim IT exemption under 80c
PPF Period 15 years
7.8%
Minimum Rs.500/- Deposit Multiples of Rs.100. Maximum Rs.1.5 lakhs for the F.Y
If monthly contribution is Rs1000/ for 15 years total contribution is 180000/- Maturity amount is Rs334352(approximately) for 7.8% interest
For Savings and Income tax concession purpose
Kisan Vikas
Patra (KVP)
100 months
7.5% Doubles in
9 years 7 months
Multiples of Rs.1000/ Maximum No limit
For 1lakh investment, maturity Rs.2 Lakhs
Investment will be doubled in
115 months
National Savings Certificate (NSC)
5 years
7.8% (quarterly compound interest)
Minimum Rs.100/ Maximum No limit
For Rs.10000 Maturity amount Rs.14558
For Income tax concession purpose
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