July 04, 2017

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Post Office Interest Rate for the period 01.07.2017 to 30.09.2017

Written By Admin on Jul 4, 2017 | July 04, 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Monthly interest can be withdrawn.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 15 years total contribution is 180000/- Maturity value would be approximately Rs562355) for 8.3% interest after 21 years period.
Depositing period 15 years. Maturity 21 years or else after marriage.
Can withdraw 50% amount after 10std 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% (Annually compound interest)


Minimum Rs.100/ Maximum No limit


For Rs.10000 Maturity amount Rs.14558


For Income tax concession purpose
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