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If you are thinking of investing in a Post Office, then see how much interest is being given on which scheme.

Siddhi Jain November 19, 2024 06:15 PM

Usually, the government revises the interest in post office schemes every three months. The interest rates will be revised next time on January 1. If you are also planning to invest in the post office, then first know how much benefit is being given on which scheme.

Post Office Investment: Many types of schemes are run in the post office. There are many schemes on which you get better interest than the bank. In the post office, you can invest in many schemes like FD, RD, and PPF like a bank. Apart from this, there are some schemes whose options you will not get even in the bank. Usually, the government revises the interest in post office schemes every three months. The interest rates will be revised next time on January 1. If you are also planning to invest in the post office, then first know how much profit is available on which scheme.

Interest rates of post office schemes

Post Office Savings Account- 4%
1 Year Time Deposit- 6.9%
2 Year Time Deposit- 7.0%
3 Year Time Deposit- 7.1%
5 Year Time Deposit- 7.5%
5-Year Recurring Deposit Account- 6.7%
Senior Citizen Savings Scheme- 8.2%
Monthly Income Scheme- 7.4%
Public Provident Fund Scheme- 7.1%
Sukanya Samriddhi Account- 8.2%
National Savings Certificates- 7.7%
Kisan Vikas Patra- 7.5%
Mahila Samman Savings Certificate- 7.5%

PM Modi and Smriti Irani have already invested in these schemes

Both NSC and MSSC are fixed deposits. Any Indian citizen can invest in NSC for 5 years. This scheme is also included in the portfolio of Prime Minister Narendra Modi himself. MSSC is run to encourage women's savings. In this scheme, money has to be deposited for two years. Former Union Minister Smriti Irani has also invested in this scheme.

This scheme's option is available only in post offices

POMIS scheme is a scheme that provides regular income every month. In this scheme, a maximum of 9 lakhs can be deposited on a single account and a maximum of 15 lakhs on a joint account. This amount is deposited for 5 years. Money is given on this at the rate of 7.4%. Investors earn through interest.