Post Office Saving Scheme Interest rate: In which system, how much interest is available, you know in a minute

Interest rate for postal savings: Post office savings systems can prove to be beneficial for you. It gives you a safe return. But if you are not familiar with the mail order system, you should know. Today we will tell you about this. In this article, you will know what the latest postal savings systems are and what interest rate these systems give you.

Interest rate for Posten’s savings system

Interest rate for Posten's savings system

new interest rate for the postal savings system

Post office savings program

  • Savings account (SB)
  • 5-year post office with recurring deposit account (RD)
  • Post office with fixed deposit account (TD)
  • Post Office Monthly Income Scheme Account (MIS)
  • Senior Citizen Savings Scheme (SCSS)
  • Public Provident Fund Account (PPF)
  • Sukanya Samriddhi Account (SSA)
  • National Savings Certificate (NSC)
  • Kisan Vikas Patra (KVP)

Interest on postal savings programs

mail savings account (Post savings account) gives an interest rate of 4.0 percent per year. The minimum amount to open an account at a post office is 500 Rs. At the same time, the 5-year-old post office’s recurring deposit account (RD) earns 5.8% in interest annually. It can be opened in multiples of Rs 10 with any amount with a minimum of Rs 100 per month or more. No maximum limit.

Post Office Savings Scheme Interest Rate Account

Post accounts with fixed deposits offer interest rates of 5.5 percent per year on one-year accounts, two-year accounts, three-year accounts and 6.7 percent per year on five-year accounts. This annual interest is paid quarterly. You can start with this post office with a minimum of Rs 1000 or any amount in multiples of Rs 100. There is no maximum limit.

The post office’s monthly income system

The interest rate on the Post Office Monthly Income Scheme account is 6.6% per annum, which is paid on a monthly basis. Apart from this, the Pension Savings System (SCSS) offers an interest rate of 7.4 percent per year. On the other hand, by investing money in the Post Office Public Provident Fund Account (PPF), you get an interest rate of 7.1 percent per year (composition annually).

Sukanya Samriddhi account

Investing in the Sukanya Samriddhi account system yields an annual rate of return of 7.6 percent (compound). On the other hand, the National Savings Certificate (NSC) offers a compound interest rate of 6.8 percent with a term of 5 years. In this, 1000 Rs increases to 1389.49 Rs in 5 years. The post office Kisan Vikas Patra (KVP) offers a compound annual interest rate of 6.9 percent.

How to open a postal savings system / interest rate

India Post offers various investment systems such as savings account, Kisan Vikas Patra, National Savings Certificate (NSC), National Monthly Income Scheme, Sukanya Samriddhi Yojana, Senior Citizen Savings Scheme (SCSS), RD and Fixed Deposit Account. Is. The following procedure must be followed to open any of these. The customer must fill in the account opening form available at the post office together with the KYC form. The subscriber must also mention the preferred plan.


The following must be submitted together with the form:

  1. Pan-cards
  2. Aadhar card
  3. If Aadhar is not available, all documents such as passport, driver’s license, voter ID card or MGNREGA card can be submitted, in the case of a smaller account, a birth certificate or date of birth is required.
  4. Birth certificate required for Sukanya Samriddhi account
  5. In the case of a joint account, KYC documents for all joint holders

E-Banking / Mobile Banking

Customers can use e-banking or mobile banking if they have a postal savings account and perform transactions with other postal systems that use the same facility. Nomination is mandatory for registration of nomination at account opening. Customers can sign up for a maximum of four people.


In the case of overdue receivables, up to Rs 20,000 in cash is paid, any amount in addition to that is paid with the payee’s check or transferred to a post office’s bank account. The above accounts can be transferred from one post office to another by following a prescribed procedure.

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