Post Office Savings Schemes and Interest rates from01.03.2003 to 30.09.2023
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1- Savings Bank Account: @4% from 01-12-2011 (Before it @3.5%) (Yearly Compounded)
Minimum Deposit: Rs500 (Subsequent deposits not less than Rs10, Minimum withdrawals: Rs 50 but after withdrawal, the balance should not be less than Rs 500, Maximum Balance: No Limit)
2- Recurring Deposit (RD): Maturity after 5 Years (Quarterly Compounded)
Minimum Deposit per Month: Rs 100/Maximum Deposit: No Limit/The deposit should be in multiple of Rs10/The Account may be extended for further 5 years with or without depositing the monthly installments at the same rate of interest applicable on the date of its opening
Pre-Matured withdrawal after 1 year @50% of deposited amount.
Premature closure of account after 36 months after the date of its closing Savings Bank interest rates.
Penalty for late payment @Re1 for Rs 100 installment per month.
Rebate for lump sum advance deposit of RD for Rs100 PM for 6 months at a time will be be Rs10 and for 12 months at a time will be Rs40.
Maturity amount for Rs100 per month
01.03.2003: @ 7.50% : Rs.7288.97
01.12.2011: @ 8.00% : Rs.7386.18
01.04.2012: @ 8.40% : Rs.7465.07
01.04.2013: @ 8.30% : Rs.7445.26
01.04.2014: @ 8.40% : Rs.7465.07
01.04.2015: @ 8.40 % : Rs7465.07
01.04.2016: @ 7.40% : Rs.7269.71
01.07.2016: @ 7.40 % : Rs7269.71
01.10.2016: @ 7.30% : Rs.7250.51
01.04.2017: @ 7.20% : Rs.7231.38
01.07.2017: @ 7.10% : Rs.7212.30
01.01.2018: @ 6.90% : Rs.7174.32
01-10-2018: @ 7.3% : Rs 7250.51
01-01-2019: @ 7.3% : Rs 7250.51
01-07-2019: @ 7.2% : Rs 7231.38
01.04.2020: @ 5.8% : Rs 6969.67
01.01.2023: @ 5.8% : Rs 6969.67
01.04.2023: @6.2% : Rs 7043.27
01.07.2023: @ 6.5%: Rs 7099.08
3- Time Deposit (TD): (Quarterly Compounded.): Interest Payable Yearly
Minimum Deposit: Rs 1000 and in multiple of Rs 100/ Maximum Deposit: No Limit
Maturity after 1 Year TD/2 Years TD/3 Years TD/5 Years TD
If the TD account is closed before 1 year from its opening, then the savings bank account interest will be palatable for the period for which account is retained
Annual interest payable for investment of Rs 1000 in this account
01.03.2003: @6.25/6.50/7.25/7.50% : Rs63.98/Rs66.60/Rs74.50/Rs77.14
01.12.2011: @7.70/7.80/8.00/8.30% : Rs79.25/Rs80.31/Rs82.43/Rs85.62
01.04.2012: @8.20/8.30/8.40/8.50% : Rs84.56/Rs85.62/Rs86.68/Rs87.75
01.04.2013: @8.20/8.30/8.40/8.50% : Rs84.56/Rs85.62/Rs86.68/Rs87.75
01.04.2014: @8.40/8.40/8.40/8.50% : Rs86.68/Rs86.68/Rs86.68/Rs87.75
01.04.2015: @8.40/8.40/8.40/8.50% : Rs86.68/Rs86.68/Rs86.68/Rs87.75
01.04.2016: @7.10/7.20/7.40/7.90% : Rs72.91/Rs73.97/Rs76.08/Rs81.87
01.07.2016: @7.10/7.20/7.40/7.90% : Rs72.91/Rs73.97/Rs76.08/Rs81.87
01.10.2016: @7.00/7.10/7.30/7.80% : Rs71.86/Rs72.91/Rs75.02/Rs80.31
01.04.2017: @6.90/7.00/7.20/7.70% : Rs70.81/Rs71.86/Rs73.97/Rs79.25
01.07.2017: @6.80/6.90/7.10/7.60% : Rs69.75/Rs70.81/Rs72.91/Rs78.19
01.01.2018: @6.60/6.70/6.90/7.40% : Rs67.65/Rs68.70/Rs70.81/Rs76.08
01-10-2018: @6.90/7.00/7.20/7.80% : Rs70.81/Rs71.86/Rs73.97/Rs80.31
01.01.2019: @7.00/7.00/7.00/7.80% : Rs71.86/Rs71.86/Rs71.86/Rs80.31
01.07.2019: @6.9/6.9/6.9/7.7% : Rs70.81/Rs70.81/Rs70.81/Rs79.25
01.04.2020: @5.5/5.5/5.5/6.7% : Rs56.14/Rs56.14/Rs56.14/Rs68.70
01.10.2022: @5.5/5.7/5.8/6.7% : Rs56.14/Rs58.23/Rs59.27/Rs68.70
01.01.2023: @6.6/6.8/6.9/7.0% : Rs67.65/Rs69.75/Rs70.81/Rs71.86
01.04.2023: @6.8/6.9/7.0/7.5% : Rs69.75/Rs70.81/Rs71.86/Rs77.14
01.07.2023: @6.9/7.0/7.0/7.5% : 70.81/71.86/71.86/77.14
4-Monthly Income Scheme (MIS) : Maturity after 5 years (Before 01-12-2011: Maturity after 6 years): Interest Payable monthly)
Minimum Deposit: Rs 1000 and further Deposit in multiple of Rs 1000/ Maximum Deposit: Rs 9.0 Lakh for Single Account and Rs 15.0 Lakh for Joint Account
If the account is closed prematurely after 1 year but before 3 years from the date of its opening, an amount @2% of deposited amount will be deducted.
If you close the account after 3 years but before 5 years from the date of its opening, an amount @1% of deposited amount will be deducted.
Monthly interest payable for investment of Rs1000 and in multiple of Rs1000 in this account
01.03.2003: @8.00%: 6yrs : Rs6.67
01.12.2011: @8.20% : 5yrs : Rs6.83
01.04.2012: @8.50% : 5yrs : Rs7.08
01.04.2013: @8.40% : 5yrs : Rs7.00
01.04.2014: @8.40% : 5yrs : Rs7.00
01.04.2015: @8.40% : 5yrs : Rs7.00
01.04.2016: @7.80% : 5yrs : Rs6.50
01.07.2016: @7.80% : 5yrs : Rs6.50
01.10.2016: @7.70% : 5yrs : Rs6.42
01.04.2017: @7.60% : 5yrs: Rs6.33
01.07.2017: @7.50% : 5yrs: Rs6.25
01.01.2018: @7.30% : 5yrs: Rs6.08
01-10-2018: @7.70% : 5yrs: Rs6.42
01 01.2019: @7.70% : 5yrs: Rs6.42
01.07.2019: @7.6% : 5yrs: Rs6.33
01.04.2020: @6.6% : 5yrs: Rs5.50
01.10.2022: @6.7% : 5yrs: Rs5.58
01.01.2023: @7.1% : 5yrs: Rs5.92
01.04.2023: @7.4% : 5yrs: Rs6.17
5- SCSS'2004 : Senior Citizen Savings Schemes : Maturity after 5 years which can be extended for further 3 years. (Interest payable quarterly)
If you close the account pre-maturely after 1 year, then 1.5% will be deducted from your deposited amount.
If you close the account prematurely after 2 years, then 1.0% will be deducted from your deposited amount.
Minimum Deposit: Rs1000 and subsequent deposit in multiple of Rs1000/Maximum Deposit: Rs30 Lakh)
Quarterly interest payable for investment of Rs 1 Lakh in this account
02.08.2004: @9.00% : Rs2250
01.12.2011: @9.00% : Rs2250
01.04.2012: @9.30% : Rs2325
01.04.2013: @9.20% : Rs2300
01.04.2014: @9.20%: Rs2300
01.04.2015: @9.20%: Rs2300
01.04.2016: @8.60%: Rs2150
01.07.2016: @8.60%: Rs2150
01.10.2016: @8.50%: Rs2125
01.04.2017: @8.40%: Rs2100
01.07.2017: @8.30%: Rs2075
01.01.2018: @8.30%: Rs2075
01-10-2018: @8.70%: Rs2175
01.01.2019: @8.70%: Rs2175
01.07.2019: @8.60%: Rs2150
01.04.2020: @7.40%: Rs1850
01.10.2022: @7.60%: Rs1900
01.01.2023: @8.00%: Rs2000
01.04.2023: @8.2%: Rs2050
6- PPF-15 Years (Public Provident Fund-15 yrs)
(Annually compounded)
(Minimum deposit per financial year: Rs500 and further deposit in multiple of Rs 50/ Maximum deposit per year: Rs 1.5 Lakh)
Maturity amount payable after 15 Years for deposits of Rs1000 PM
01.03.2003: @8.00%: Rs339944.57
01.12.2011: @8.60%: Rs357354.52
01.04.2012: @8.80%: Rs363374.72
01.04.2013: @8.70%: Rs360350.77
01.04.2014: @8.70%: Rs360350.77
01.04.2015: @8.70%: Rs360350.77
01.04.2016: @8.10%: Rs342779.76
01.07.2016: @8.10%: Rs342779.76
01.10.2016: @8.00%: Rs339944.57
01.04.2017: @7.90%: Rs337135.07
01.07.2017: @7.80%: Rs334351.61
01.01.2018: @7.60%: Rs328860.69
01-10-2018: @8.00%: Rs339944.57
01.01.2019: @8.00%: Rs339944.57
01.07.2019: @7.9%: Rs337135.07
01.04.2020: @7.1%: Rs315568.06
01.01.2023: @7.1%: Rs315568.06
7- NSC (VIIIth Issue) (National Savings Certificate) : Maturity now after 5 Years from 01.12.2011 and 6 Years before 01-12-2011
(Yearly compounded from 01.04.2016 and Six monthly compounded Before 01-04-2016)
(Minimum deposit: Rs1000 and subsequent deposit in multiple of Rs100/Maximum deposit: No Limit)
(Maturity amount payable for investment of Rs 1000 in this scheme)
01.03.2003: @8.00%: Rs.1601.03: 6yrs
01.12.2011: @8.40%: Rs.1508.96: 5yrs
01.04.2012: @8.60%: Rs.1523.50: 5yrs
01.04.2013: @8.50%: Rs.1516.21: 5yrs
01.04.2014: @8.50%: Rs.1516.21: 5yrs
01.04.2015: @8.50%: Rs.1516.21: 5yrs
01.04.2016: @8.10%: Rs.1476.14: 5yrs
01.07.2016: @8.10%: Rs.1476.14: 5yrs
01.10.2016: @8.00%: Rs.1469.33: 5yrs
01.04.2017: @7.90%: Rs.1462.54: 5yrs
01.07.2017: @7.80%: Rs.1455.77: 5yrs
01.01.2018: @7.60%: Rs.1442.32: 5yrs
01-10-2018: @8.00%: Rs 1469.33: 5yrs
01.01.2019: @8.00%: Rs 1469.33: 5 yrs
01.07.2019: @7.9%: Rs 1462.54: 5 yrs
01.04.2020: @6.8%: Rs 1389.49: 5 yrs
01.01.2023: @7.0%: Rs 1402.55: 5 yrs
01.04.2023: @7.7%: Rs1449.03: 5 yrs
8- NSC-10yrs (IXth Issue) (National Savings Certificate) : Maturity after 10yrs (Half Yearly Compounded) :
(Maturity amount for investment of Rs1000 in this scheme)
(The scheme Continued from 01.12.2011 to 19.12.2015)
01.12.2011: @8.70%: Rs.2343.41
01.04.2012: @8.90%: Rs.2388.74
01.04.2013: @8.80%: Rs.2365.97
01.04.2014: @8.80%: Rs.2365.97
01.04.2015: @8.80%: Rs.2365.97
9- KVP (Kisan Vikas Patra): (Double in specified period) (Yearly Compounded)
01.03.2003: @8.40%: 8yrs7months
01.12.2011: @8.70%: 8yrs4months
01.04.2016: @7.80%: 9yrs2months
01.07.2016: @7.80%: 9yrs2months
01.10.2016: @7.70%: 9yrs4months
01.04.2017: @7.60%: 9yrs5months
01.07.2017: @7.50%: 9yrs7 months
01.01.2018: @7.30%: 9yrs10 months
01-10-2018: @7.70%: 9 yrs 4 months
01.01.2019: @7.70%: 9yrs 4 months
01.07.2019: @7.6%: 9yrs 5 months
01.04.2020: @6.9%: 10yrs 4 months
01.10.2022: @7.0%: 10yrs 3months
01.01.2023: @7.2%: 10 yrs 0 month
01.04.2023: @7.5%: 9 yrs 7 months
10- Sukanya Samriddhi Account (SSA): (Deposit upto 15 years and maturity after 21 years) : Yearly Compounded
Minimum/Maximum deposits in a financial year: Rs250/Rs1.5 Lakhs.
Deposit amount should be in multiple of Rs50.
There is no limit on number of deposits in a month or financial year.
If you deposit more than Rs1.5 Lakhs in a financial year, the excess amount will not earn any interest and you may withdraw to this excess amount at any time
Premature closure on certain conditions
Maturity after 21 years for deposits of Rs1000 PM for 15 years only
01.04.2014: @9.10%: Rs628361.63
01.04.2015: @9.20%
01.04.2016: @8.60%
01.07.2016: @8.60%
01.10.2016: @8.50%
01.04.2017: @8.40%
01.07.2017: @8.30%
01.01.2018: @8.10%
01-10-2018: @8.50%
01.01.2019: @8.50%
01.07.2019: @8.40%
01.04.2020: @7.60%
01.01.2023: @7.60%
01.04.2023: @8.0%
11- Mahila Samman Savings Certificate-2023 for 2Years (MSSC)
Maturity Period: 2 Years
May be opened by a woman/girl for herself or by the guardian on behalf of minor girl.
Minimum deposit: Rs1000 or in multiple of Rs100.
Maximum deposit: 2 Lakh.
Withdrawal: 40% once only after 1 year.
Premature closure on death of account holder at the same rate of interest.
Premature closure after 6 months at 2% less interest ie @5.5% for any reason.
Interest Compounded Quarterly
Maturity amount for Rs1 lakh after 2 years.
01.04.2023: @7.5% : Rs116022.17