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Home Personal Finance Post Office FD Interest Rate: Big news! You will get more than...

Post Office FD Interest Rate: Big news! You will get more than 6.5% interest in these schemes, more than FDs of banks,

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India’s middle class relies heavily on post office savings schemes for savings. That’s why here we are telling you about some such schemes of the post office, which get an interest of more than 6.5% and it is more than the FD of many banks. Know about them..


The most popular of the Post Office Saving Schemes is the National Savings Certificate (NSC). It is a type of bond which earns an annual interest of 6.8%, but it is paid only after the maturity of the bond.

One can invest in NSC with an initial amount of only Rs 1,000. Its maturity is of 5 years. But if it is seen according to the Rule of 72, then it takes 10.7 years for the money invested in NSC to double.

Due to the high interest, the Kisan Vikas Patra (KVP) of the post office is a good saving tool among the middle class people. Generally people buy it only to double the money. It gives an annual compound interest of 6.9%. In this way the money invested in it becomes double in 10.4 years. One can invest in KVP with a minimum of Rs 1,000.

The post office also runs a National Savings Monthly Income Scheme (MIS). The customer gets an annual interest of 6.6% on this, but it is paid into his account on a monthly basis. The investment in this scheme starts from Rs 1,000 with a maximum limit of Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account.


The post office runs a separate savings scheme SCSS for senior citizens. The person investing in this gets an annual interest of 7.4% and the interest is paid on quarterly basis. Anyone above the age of 60 years can invest money in it and the maximum limit for this investment is Rs 15 lakh.

Apart from this, people can also take the facility of investing in Sukanya Samriddhi Account and Public Provident Fund (PPF) from the post office. It gives an interest of 7.6% and 7.1% respectively. The government interest for PPF accounts varies from time to time. The government can also change the interest on other savings schemes.

If you compare the interest on post office savings schemes with the FDs of banks, then the interest on FDs of most banks ranges from 2.5% to 5.5%. The highest interest is 5.75% by Axis Bank. While the maximum interest for senior citizens is 6.5% on FDs of banks. Whereas in the post office it is more than 7%.

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