Recurring Deposit

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

The interest rates applicable to the government-run small saving schemes are reviewed on a quarterly basis.

FD Interest Rates: Fixed and recurring deposits at designated post office branches provide returns to the tune of 5.5-6.7 per cent per annum.

The interest rates provided by the post office are slightly better compared to returns in the range of 4.90-6.2 per cent paid by top commercial banks in the country.

In the five-year National Savings Certificate scheme, an investment of Rs 1,000 grows to Rs 1,389.49 at maturity, according to India Post.

The decision was taken keeping in view that that movement was restricted during the lockdown

From April 1, the government has lowered the interest rates applicable to most small savings schemes by up to 140 basis points (1.4 percentage point).

Post Office Recurring Deposit Account: For the quarter ending March 31, the government last month retained the interest rates at existing levels.

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 in the quarter ending March 31, according to a finance ministry statement. Opening of a post office account in any of these schemes requires minimum investment in the range of Rs 2...

State Bank of India or SBI, the country's largest lender, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest income on the same. Interest rates offered on recurring deposits (RDs) are the same as that on fixed deposit (FD) accounts, according to SBI's official web...

SBI's Flexi Deposit scheme is a variant of recurring deposit (RD) which enables the account holder to contribute a variable amount to the corpus instead of a fixed instalment.

Post office small savings schemes are handy investment tools in such a scenario as they provide a decent rate of interest. Moreover, these saving schemes are low on risk and are designed for every segment of society, from the rich to the poor, the girl child to the retired senior citizen, and so on.

Post office recurring deposit (RD) can be opened with a minimum of Rs10 per month or any amount in multiples of Rs 5.

Interest rates on small savings schemes: Investment in the small savings schemes fetches returns to the tune of 4-8.6 per cent, according to the website of India Post (indiapost.gov.in).

For SBI's flexi deposit account, the minimum instalment amount is Rs. 500, and in a financial year, a person has to deposit a minimum of Rs. 5,000.

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

The interest rates applicable to the government-run small saving schemes are reviewed on a quarterly basis.

FD Interest Rates: Fixed and recurring deposits at designated post office branches provide returns to the tune of 5.5-6.7 per cent per annum.

The interest rates provided by the post office are slightly better compared to returns in the range of 4.90-6.2 per cent paid by top commercial banks in the country.

In the five-year National Savings Certificate scheme, an investment of Rs 1,000 grows to Rs 1,389.49 at maturity, according to India Post.

The decision was taken keeping in view that that movement was restricted during the lockdown

From April 1, the government has lowered the interest rates applicable to most small savings schemes by up to 140 basis points (1.4 percentage point).

Post Office Recurring Deposit Account: For the quarter ending March 31, the government last month retained the interest rates at existing levels.

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 in the quarter ending March 31, according to a finance ministry statement. Opening of a post office account in any of these schemes requires minimum investment in the range of Rs 2...

State Bank of India or SBI, the country's largest lender, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest income on the same. Interest rates offered on recurring deposits (RDs) are the same as that on fixed deposit (FD) accounts, according to SBI's official web...

SBI's Flexi Deposit scheme is a variant of recurring deposit (RD) which enables the account holder to contribute a variable amount to the corpus instead of a fixed instalment.

Post office small savings schemes are handy investment tools in such a scenario as they provide a decent rate of interest. Moreover, these saving schemes are low on risk and are designed for every segment of society, from the rich to the poor, the girl child to the retired senior citizen, and so on.

Post office recurring deposit (RD) can be opened with a minimum of Rs10 per month or any amount in multiples of Rs 5.

Interest rates on small savings schemes: Investment in the small savings schemes fetches returns to the tune of 4-8.6 per cent, according to the website of India Post (indiapost.gov.in).

For SBI's flexi deposit account, the minimum instalment amount is Rs. 500, and in a financial year, a person has to deposit a minimum of Rs. 5,000.