PPF, Other Small Savings Schemes Offer Up To 8.6% Return In March Quarter. Compare Interest Rates

Post Office Interest Rate: Small savings schemes - including the 15-Year PPF account - offer interest rates to the tune of 4-8.6% for the March quarter.

PPF, Other Small Savings Schemes Offer Up To 8.6% Return In March Quarter. Compare Interest Rates

Small Savings Schemes: Interest rates are reviewed by the government on a quarterly basis

Post Office Account Interest Rate: The Department of Posts offers nine different types of small savings schemes at designated post offices. These investment schemes - including the 15-Year Public Provident Fund account and the Senior Citizen Savings Scheme - offer interest rates to the tune of 4-8.6 per cent for the quarter ending March 31, according to a finance ministry statement. The interest rates applicable to these small savings schemes are reviewed by the government every quarter. For opening a post office account in any of these schemes, one requires a minimum investment in the range of Rs 250-Rs 1,000, according to the India Post website.

Investment in government-run small savings schemes today fetches the following returns for the quarter ending March 31:

Small Savings SchemeInterest RateMinimum Amount Required For Opening Account
Post Office Savings Account4%Rs 500
5-Year Post Office Recurring Deposit (RD) Account7.20%Rs 100 per month
Post Office Time Deposit (TD) Account - One Year6.90%Rs 1,000
Post Office Time Deposit Account (TD) - Two Years6.90%Rs 1,000
Post Office Time Deposit Account (TD) - Three Years6.90%Rs 1,000
Post Office Time Deposit Account (TD) - Five Years7.70%Rs 1,000
Post Office Monthly Income Scheme Account (MIS)7.60%Rs 1,000
Senior Citizen Savings Scheme (SCSS)8.60%Rs 1,000
15-Year Public Provident Fund Account (PPF)7.90%Rs 500
National Savings Certificates (NSC)7.90%Rs 1,000
Kisan Vikas Patra (KVP)7.60%Rs 1,000
Sukanya Samriddhi Account8.40%Rs 250
(Source: indiapost.gov.in)

The post office time deposit (fixed deposit) account is available in four maturity options, from one year to five years. While the time deposit account of one-, two- and three-year maturity periods currently offer interest at the rate of 6.9 per cent each, the five-year option provides a return of 7.7 per cent.

India Post - which comes under the ambit of Ministry of Communications - has a network of more than 1.5 lakh post office branches across the country.

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