Post Office Saving Schemes and also check Post Office scheme Sukanya Samriddhi, Kisan Vikas Patra, PPF, SCSS interest rate, FD, RD calculator, post office FD loan details.
Department of Post, Ministry of Communications Government of India has released a total of nine saving schemes for all Indian citizens who need to save money on Post Office. India Post gives you great return plans for yearly basis so who want to save money on this government department, so those all lovely people apply your suitable saving schemes and grab the great benefit of India Post Schemes. As per official website there are total 9 saving schemes available and name likely Post Office Savings Account, National Savings Monthly Income Account, National Savings Recurring Deposit Account, National Savings Time Deposit Account, Public Provident Fund Account, Senior Citizens Savings Scheme Account, National Savings Certificates (VIII Issue) Account, Sukanya Samriddhi Account and Kisan Vikas Patra Account
If you know that the Department of Posts (DoP) is also called India Post, is a handle by government-operated postal system in India, which is a subsidiary of the Ministry of Communications. The Post Office of India was founded in 1854 by Lord Dalhousie. Right now, there are total 23 postal circles in India, each circle headed by a Chief Postmaster General and each circle is divided into regions.
All lovely friends, if you have any trouble or need any help so please visit the authority website and check all information regarding Post Office vima and saving schemes.
- 1 Post Office Saving Schemes
- 1.1 Post Office Savings Account
- 1.2 Kisan Vikas Patra Account
- 1.3 Sukanya Samriddhi Account
- 1.4 Senior Citizens Savings Scheme Account
- 1.5 Public Provident Fund Account
- 1.6 National Savings Recurring Deposit Account
- 1.7 National Savings Time Deposit Account
- 1.8 National Savings Monthly Income Account
- 1.9 National Savings Certificates (VIII Issue) Account
Post Office Saving Schemes
Post Office Savings Account
This scheme is very useful for those residing in rural parts of India. Dear people who want to open this type of savings account those all aspirants can opening of accounts minimum rupees 20/- only. Post Office Saving Schemes give you interest rates same as banks which are around 4% and it is calculated every month.
Kisan Vikas Patra Account
Kisan Vikas Patra is also known as KVP. These schemes give you current interest rates is 7.6% per compounded annually which will your amount invested double 113 months (09 years & 5 months). Dear candidates who want to open this account, those all are a minimum amount for opening of account is Rs. 1000/- (One Hundred Only) and in multiples of Rs. 1000/- no maximum limit.
Sukanya Samriddhi Account
All lovely friends who want to open Sukanya Samriddhi Account schemes those are advice to visit nearest any authorised Bank Branch of a post office branch. This account gives you handsome rate of interest which are 8.4% per annum calculated on a yearly basis. These schemes open a minimum of Rs. 250/- and maximum of Rs. 1,50,000/- in a financial year.
Senior Citizens Savings Scheme Account
SCSS stands for Senior Citizens Saving Scheme is a government-backed saving. This scheme offered to Indian residents aged over 60 years. This scheme gives you interest rates is 8.6% per annum.
Public Provident Fund Account
Postal Department of India is running the Public Provident Fund Account Scheme which interest rates are 7.9% per annum (Compounded yearly). You will be required to deposit the minimum amount of Rs.500/- for the opening of account whereas the maximum limit for the depositing, the money is Rs.1,50,000/- in a financial year. There are two options for deposit money such as lump-sump or in 12 installments.
National Savings Recurring Deposit Account
If you are planning to open the National Savings Recurring Deposit Account in the post office then please refer the criteria before opening the account under this scheme. This is a 5 years post office recurring deposit account (RD). You will get interest rates of about 7.2% per annum (quarterly compounded).
National Savings Time Deposit Account
Under this scheme, interest is payable annually but calculated quarterly. There is a limit of minimum Rs.100/- for opening account whereas no maximum limit.
National Savings Monthly Income Account
Open the Post Office Monthly Income Scheme Account (MIS) where you will get a 7.6% interest per annum payable monthly. The maximum investment limit is Rs.4.5 lakh in a single account and 9 lakh for the join account.
National Savings Certificates (VIII Issue) Account
Note: All Information or Image Sources to https://www.indiapost.gov.in