Post Office FD Interest Rates : इन योजनाओं पर मिलेगा 7.5% से अधिक ब्याज, FREE बैंकों की FD से भी अधिक

Post Office FD Interest Rates: India’s middle class depends heavily on Post Office Saving Schemes for savings! Therefore, here we are telling you about some schemes of the Post Office, on which the interest rate is more than 7.5% and it is more than the FD of many banks! Know about them..

Post Office FD Interest Rates

The most popular of Post Office Saving Schemes is the National Savings Certificate (NSC)! It is a type of bond that offers an annual interest rate of 6.8%, but it is paid only after the maturity of the bond.

Investment can be made in NSC only with an initial amount of Rs 1,000! Its maturity is of 5 years. But according to the rule of 72, it takes 10.7 years for the money invested in NSC (National Saving Certificate) to double!

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Post Office FD Interest Rates

Due to the high interest, Post Office Kisan Vikas Patra (KVP) is a good savings tool among the middle class people. Usually people buy it just to double the money! This gives an annual compound interest of 6.9%! In this way the money invested in it doubles in 10.4 years! A minimum investment of Rs 1,000 can be made in KVP (Kisan Vikas Patra).

The Post Office also runs a National Savings Monthly Income Scheme (Post Office MIS Scheme)! On this, the customer gets an interest rate of 6.6% annually, but it is paid on a monthly basis in his account! Investment in this scheme (POMIS) starts from Rs 1,000 with a maximum limit of Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account.

SCSS Interest Rate

Post Office runs a separate savings scheme SCSS for senior citizens. The person investing in this gets 7.4% interest annually! And interest is paid on quarterly basis. Any person above 60 years can invest in this and the maximum limit of this investment is Rs 15 lakh!

FD Interest Rate

Apart from this, people can get Sukanya Samriddhi Yojana account from the post office. And can also avail the facility of investment in Public Provident Fund (PPF)! This gives an interest of 7.6% and 7.1% respectively! Government interest for PPF accounts varies from time to time! The government can also change the interest on other savings schemes.

Fixed Deposit Interest Rate

Compare the interest received on Post Office Saving Schemes with the FD (Fixed Deposit) of banks! So the interest on FD of most banks ranges from 2.5% to 5.5%! The highest interest rate offered by Axis Bank is 5.75%! While the maximum interest rate on FD of banks for senior citizens is 6.5%! While it is more than 7% in the post office!