Post Office All Schemes Interest Check Latest Interest Rates of Kisan Vikas Patra, PPF, Deposit, NSC: Post Office Schemes are quite popular among the small and middle class people including the farming community. These savings schemes offer stable dividends and there are no risk factors associated with it.
Post Office Scheme Interest Rates
Savings Account, Recurring Deposit, Fixed Deposit, National Savings Monthly Account (NSC Account), Senior Citizen Savings Schemes (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Yojana),
National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) are all popular post office savings schemes. Interest rate on Post Office Scheme Interest Rates
The interest rate on Post Office Savings Account is 4% with annual compounding frequency. The one-year Fixed Deposit offers an interest rate of 5.5 per cent with quarterly compounding frequency.
The two-year fixed deposit offers 5.5 per cent interest rate and a quarterly compounding frequency. The three-year fixed deposit offers an interest rate of 5.5 per cent with quarterly compounding frequency.
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The five-year fixed deposit carries an interest rate of 6.7% and a quarterly compounding frequency.
The five-year Recurring Deposit Scheme offers 5.8 per cent interest rate with quarterly compounding frequency. Senior Citizen Savings Scheme (SCSS) offers 7.4 per cent interest rate with quarterly compounding frequency.
The monthly income plan offers an interest rate of 6.6 percent (MIS Interest Rate). National Savings Certificate offers 6.8 percent interest rate with annual compounding frequency.
Public Provident Fund Scheme (PPF) offers 7.1 percent interest rate with compounding frequency annually.
Kisan Vikas Patra offers an interest rate of 6.9 percent with annual compounding frequency. Sukanya Samriddhi Yojana offers an interest rate of 7.6 percent with annual compounding frequency.
Post Office Scheme Important Update
The government has decided to keep the interest rates on small savings schemes or post office schemes (Post Office Schemes Interest Rates) unchanged for the January-March quarter of the financial year 2021-22. The Finance Ministry made this announcement on December 31, 2021 through a circular.
For the quarter ending March 31, 2022, investors in small savings schemes like Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) will continue to earn at the same interest rate as for the quarter ending December 31, 2021.
were earning during New investments made in these schemes during the January-March 2022 quarter will also earn the same rate of interest as in the previous quarter.
According to the circular, the Public Provident Fund (PPF) earnings will remain at 7.10 per cent in the fourth quarter of the financial year 2021-22. Senior Citizens Savings Scheme
(SCSS) will continue to earn 7.40%, while Post Office Time Deposit will earn 5.5-6.70%. Interest Rates will be effective from January 1, 2021 to March 31, 2022.