Government of India, Postal Department savings and returns as per the interest rates (revised) for the period 01.01.2018 to 31.03.2018. Post office investment Schemes

Rate of Interest in %

Minimum/Maximum Deposit Amount in Rs.

Returns in Rs. (Approximately)

Remarks

SB Account (SB)

4%

Min Rs.50 Max No limit

No maturity period. Every year Interest will be paid as per their savings.

ATM facility available. Can withdraw from bank ATM too. No service charge for PO ATM withdrawal. Free SMS service.

RD Account (RD) 5Years

6.9% Quarterly Compound

Monthly Min Rs.10 Maximum No Limit

For Monthly Rs.1000 investment, total deposit Rs.60000, Maturity amount is Rs.71743

Monthly Recurring Deposit. After 3 years Premature closure is allowed.

Monthly Income Scheme (MIS) 5 Years

7.3% Monthly and paid

Minimum Multiples of Rs.100/Maximum Rs.4.5 lakh for single Rs.9 lakhs for joint

For Rs.10000/Monthly interest Rs.608

1 Year Time Deposit (1year TD)

6.6% (quarterly compound)

Minimum Multiples of Rs.100/ Maximum No limit

For Rs.10000 investment Maturity amount Rs.10677

2 Years Time Deposit (2Years TD) 3 Years Time Deposit (3Years TD)

6.7% (quarterly compound) 6.9% (quarterly compound)

Minimum Multiples of Rs.100/ Maximum No limit Minimum Multiples of Rs.100/ Maximum No limit

For Rs.10000 investment Maturity amount Rs.11374 For Rs.10000 investment Maturity amount Rs.12124

5 Years Time Deposit (5Years TD)

7.4% (quarterly compound)

Minimum Multiples of Rs.100/ Maximum No limit

For Rs.10000 investment Maturity amount Rs.13805

Senior Citizen Scheme (5 years)

8.3% quarterly and paid

Multiples of Rs.1000/Maximum Rs.15 lakhs

For Rs.1 lakh Rs.2075 interest for every 3 months

8.1%

Minimum Rs.1000/Deposit Multiples of Rs.100. Maximum Rs.1.5 lakhs for the financial year.

If monthly contribution is Rs1000/ for 15 years total contribution is 180000/Maturity value would be approximately Rs5,26,991) for 8.1% interest after 21 years period.

PPF Period15 years, can be opened for boy child also

7.6%

Minimum Rs.500/Deposit Multiples of Rs.100. Maximum Rs.1.5 lakhs for the F.Y

If monthly contribution is Rs1000/ for 15 years total contribution is 180000/Maturity amount is Rs3,28,862(approx) for 7.6% interest

For recurring Savings and Income tax concession purpose

Kisan Vikas Patra (KVP) 118 months

7.3% Doubles in 9 years 10 months

Multiples of Rs.1000/ Maximum No limit

For 1lakh investment, maturity Rs.2 Lakhs

Investment will be doubled in 118 months

National Savings Certificate (NSC) 5 years

7.6% (Annually compound interest)

Minimum Rs.100/ Maximum No limit

For Rs.10000 Maturity amount Rs.14185

For fixed deposit and Income tax concession purpose

Sukanya Samridhi Account (21 years) For girl child below 10 years age

Monthly interest can be withdrawn. After 1/3 year premature closure is allowed with 2%/1% deduction. 1 year Fixed deposit. Can be closed prematurely after 6 months with SB rate of interest 2 years Fixed deposit. Can be closed prematurely after 6 months with SB interest 3 years Fixed deposit. Can be closed prematurely after 6 months with SB interest 5 years Fixed deposit. Can be closed prematurely after 6 months with SB interest. Can claim IT exemption under 80C For retired defence personnels, 50 years above other citizens 60yrs and above can open SCS A/Cs Depositing period 15 years. Maturity period 21 years or else after marriage. Can withdraw 50% amount after 10std of girl child for her studies. New scheme launched by the Govt of India, to the welfare of girl children. Can claim IT exemption under 80c

Compiled by Shri.K.Kalimuthu, Post Master Grade II, General Secretary, All India Association of Postal Supervisors, Saidapet PO, Chennai 600015.