POSB Interest Rate w.e.f 01/04/2024
Interest Rate Table for Post Office Schemes
The interest rates for the Post Office Savings Bank's Small Saving Scheme are as follows, effective from April 1, 2024 (first quarter of the financial year 2024-25), and will remain unchanged for the second quarter of the financial year 2024-25, from July 1, 2024 to September 30, 2024.
| Small Savings Scheme in Post Office | Rate Of Interest | Maturity Period | TDS on Investment |
Is Interest Taxable? |
| Post Office Savings Account - POSA | 4.0% | Not Applicable | No | Yes |
| Post Office Recurring Deposit - PORD | 6.7% | 5 Years | No | Yes |
| Post Office Monthly Income Scheme -MIS | 7.4% | 5 Years | No | Yes |
| Post Office Time Deposit (1 year)-1TD | 6.9% | 1 Year | No | Yes |
| Post Office Time Deposit (2 year)-2TD | 7% | 2 Years | No | Yes |
| Post Office Time Deposit (3 year)-3TD | 7.1% | 3 Years | No | Yes |
| Post Office Time Deposit (5 year)-5TD | 7.5% | 5 Years | Yes | Yes |
| Kisan Vikas Patra (KVP) | 7.5% | 30 Months Lock-in period | No | Yes |
| Public Provident Fund (PPF) | 7.1% | 15 Years | Yes | No |
| Sukanya Samriddhi Yojana - SSA | 8.2% | 21 Years | Yes | No |
| National Savings Certificate -NSC | 7.7% | 5 Years | Yes | No |
| Senior Citizens Savings Scheme -SCS | 8.2% | 5 Years | Yes | Yes |
The above mentioned rate of interest is subject to be revised every quarter (every three months) by the Ministry of Finance.
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