Post Office offers many types of investment schemes. In all these schemes, many other facilities are available along with high interest on investment. The interest rates available in the post office scheme are revised i.e. updated every quarter. If you are also thinking of investing in the post office scheme, then you should know how much interest is being received on which scheme.
Post Office Small Saving Scheme: Post Office Scheme is also a very good option for investment. Post Office offers many types of investment schemes. In such a situation, the question arises in the mind of investors that in which scheme they should invest.
Let us tell you that the interest rates of the post office scheme are updated every quarter. Yes, there are revisions in the interest rate every quarter. The interest rate has been updated for the current financial year 2024-25 October to December quarter.
If you are also thinking of investing in the post office scheme, then we will tell you the latest interest rates of all the schemes. With this you will be able to know in which scheme you are getting more interest.
About Post Office Scheme
Many investment schemes are offered in the post office. By going to the post office, you can invest in small savings schemes like Fixed Deposit, Recurring Deposit, Monthly Income Deposit, Senior Citizen Saving Scheme, Sukanya Samriddhi Yojana, National Saving Certificate, Kisan Vikas Patra, Mahila Samman Saving Certificate.
All these schemes offer interest ranging from 6.7 percent to 8.2 percent. Apart from high interest rate, many other benefits are available in post office scheme.
Post Office Saving Account
Like a bank, you can also open a savings account in the post office. In the current third quarter, the post office is giving 4 percent interest on savings account.
Post Office Fixed Deposit Scheme
If you get a fixed deposit (Post Office FD Scheme) done in the post office, then you get high interest. In this scheme, you get 4 types of interest. Yes, 6.9 percent interest is being given on the scheme maturing in 1 year. At the same time, 7.5 percent interest is being given on the scheme maturing in 5 years. Similarly, 7 percent interest is being given on 2-year FD and 7.1 percent interest is being given on 3-year FD.
Post Office Recurring Deposit Scheme
The Recurring Deposit Scheme of the Post Office is a kind of SIP of Mutual Fund. Although this scheme matures in 5 years, but you can also extend it for 5 years. This means that the facility of extending the investment time is given in it. Currently, 6.7 percent interest is being offered in this scheme. This interest is applicable from October to December 2024.
Senior Citizen Saving Scheme (Post Office Senior Citizen Scheme)
A special saving scheme is also being run for senior citizens in the post office. In this scheme, 8.2 percent interest is being given in the current quarter. You can open an account by investing at least Rs 1000 in this scheme. The maximum amount of investment in the scheme is Rs 30 lakh.
Post Office Monthly Income Scheme (Post Office Monthly Saving Scheme)
7.4 percent interest is being given in the Post Office Monthly Saving Scheme. In this scheme, interest is paid every month. This means that interest is paid till the scheme matures. However, interest income is taxed. In this scheme also, interest is revised every quarter.
National Saving Certificate (Post Office National Saving Certificate)
Post Office’s National Saving Certificate (NSC) scheme will get 7.7 percent interest from October to December. This scheme matures in 5 years. In this scheme, compound interest is available i.e. interest is available on interest. Interest is paid after maturity.
Public Provident Fund Scheme
You can also get Public Provident Fund in the post office. 7.1 interest is being given on the Post Office PPF Scheme for the October to December quarter. In the Post Office PPF Scheme, interest is calculated in compound. There is no tax on interest up to Rs 1.5 lakh in this scheme.
Also Read- Post Office Best Scheme: Invest in this scheme and get more than ₹2 lakh only by interest, know how
Kisan Vikas Patra
High interest is also being given in the Post Office KVP. Currently, 7.5 percent interest is being given in Kisan Vikas Patra for October to December 2024. This scheme matures in 115 months. Interest is calculated in compound.
Mahila Samman Saving Certificate (Post Office Mahila Samman Saving Certificate)
Mahila Samman Saving Certificate was started for women in the post office. In this scheme, 7.5 percent interest is being given for the October to December quarter. Investment can be made in this scheme till 31 March 2025. This scheme matures in 2 years.
Post Office Sukanya Samriddhi Yojana
Post Office Sukanya Samriddhi Yojana is quite popular for the bright future of daughters. This scheme offers an interest rate of 8.2 percent for the October to December quarter of the financial year 2024-25. Tax benefits are also available in this scheme.
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