The POSB Rate of Interest has been revised vide Ministry of Finance OM No. F.No.1/4/2019-NS dated 28/06/2024. There are no changes in the rate of interest revised for the 1st quarter of the financial year. Therefore, the same rate of interest will continue to apply from 01.04.2024 to 30.09.2024.
Post Office Scheme Latest Interest rate for the period 01st July 2024 to 30th September 2024 - Second quarter of the Year 2024-2025
| Senior Citizen Savings Scheme | SCSS | 8.2 % | 5 Years |
| Sukanya Samriddhi Yojana Account | SSA | 8.2 % | 21 Years |
| National Savings Certificate | NSC | 7.7% | 5 Years |
| Kisan Vikas Patra | KVP | 7.5% | 9 Years 7 months |
| 5 Year Time Deposit | 5 TD | 7.5% | 5 Years |
| Mahila Samman Savings Certificates | MSSC | 7.5% | 2 Years |
| Monthly Income Scheme | MIS | 7.4 % | 5 Years |
| Public Provident Fund | PPF | 7.1 % | 15 Years |
| 3 Year Time Deposit | 3 TD | 7.1 % | 3 Years |
| 2 Year Time Deposit | 2 TD | 7.0 % | 2 Years |
| 1 Year Time Deposit | 1 TD | 6.9% | 1 Year |
| Recurring Deposit | RD | 6.7 % | 5 Years |
| Savings Account | SB | 4.0 % |
Effective July 1, 2024, India Post Savings Schemes will offer returns based on the current interest rate, with maturity values calculated accordingly. Please note that the interest rate is subject to revision every quarter (every three months) and is determined by the Ministry of Finance. The rates may change over time, and investors should check for updates before investing.
| RD | For Deposit 100 X 60= 6,000, Interest 1,136.58, (After extension with deposit: 6 Year = 8871.09, 7 Year = 8 Year = 12705.77, 9 Year = 14822.89, 10 Year =17085.46) | Total 7136.58 10724.75, |
| 1 TD | For Deposit 1,00,000, Yearly Interest 7080.60 x 1 | Total 1,07,081 |
| 2 TD | For Deposit 1,00,000, Yearly Interest 7185.90x2 | Total 1,14,372 |
| 3 TD | For Deposit 1,00,000, Yearly Interest 7291.29x3 | Total 1,21,873 |
| 5 TD | For Deposit 1,00,000, Yearly Interest 7713.59 X 5 | Total 1,38,568 |
| MSSC | For Deposit 1,00,000, Interest on maturity 16,022 | Total 1,16,022 |
| MIS | For Deposit 1,00,000, Monthly Interest 616.67 X 60 | Total 1,37,000 |
| SCSS | For Deposit 1,00,000, Quarterly Interest 2,050 X 20 | Total 1,41,000 |
| MIS + RD | For Deposit 1,00,000, Interest 43,953.15 | Total 1,43,953 |
| SCSS + RD | For Deposit 1,00,000, Interest 48,728.76 | Total 1,48,729 |
| NSC | For Deposit 1,00,000, Interest on maturity 44,903.41 | Total 1,44,903 |
| KVP | For Deposit 1,00,000, Interest on maturity 1,00,000 | Total 2,00,000 |
| PPF * | Monthly 1000 x 15 years -1,80,000, Interest 15 yrs - 1,35,572 | Total 3,15,572 |
| SSA * | Monthly 1000 x 15 Years -1,80,000, Interest 21 yrs - 3,74,612 | Total 5,54,612 |
Thanks to Manu V R DPM Kottayam HO 686001 (Prepared by) for further Query Please feel free to contact 9496114743
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