Government of India, Postal Department savings and returns as per the interest rates (revised) for the Period 01.01.2018 to 30.09.2018

Government of India, Postal Department savings and returns as per the
interest rates (revised) for the Period 01.01.2018 to 30.09.2018

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. Interest upto Rs.10000 tax free
RD Account (RD) Wears	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Maximum Rs.4.5 lakh for single Rs.9 lakhs for joint	For Rs.1,00,000/- Monthly interest Rs. 608	Monthly interest can be withdrawn. After 1/3 year premature closure is allowed with 2%/1% deduction.
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	1 year Fixed deposit. Can be closed prematurely after 6months with SB rate of interest
2 Years Time Deposit (2Years TD)	6.7% (quarterly compound)	Minimum Multiples of Rs.100/ Maximum No limit	For Rs.10000 investment Maturity amount Rs.11374	2 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
3 Years Time Deposit (3Years TD)	6.9% (quarterly compound)	Minimum Multiples of Rs.100/ Maximum No limit	For Rs.10000 investment Maturity amount Rs.12124	3 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
5 Years Time Deposit (Wears TD)	7.4% (quarterly compound)	Minimum Multiples of Rs.100/ Maximum No limit	For Rs.10000 investment Maturity amount Rs.13805	5 years Fixed deposit. Can be closed prematurely after 6 months with SB interest. Can claim IT exemption under 80C
Senior Citizen Scheme (5 years)	8.3% uarterly quarterlyand paid	Multiples of Rs.1000/- Maximum Rs.15 lakhs	For Rs.11akh Rs.2075 interest for every 3 months	For retired defence personnel, 50 years above other citizens 60yrs and above can open SCS A/Cs. Interest Upto Rs.50000 tax free
Sukanya Samridhi Account (21 years) For girl child below 10 years age	8.1%	Minimum Rs.250/- 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.	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
PPF Periodl5 years, can be opened for boy child	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
also
Kisan Vikas Patra (KVP) 118 months	7.3% Doubles in 9 years 10 months	Multiples of Rs.1000/ Maximum No limit	For llakh 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.14423	For fixed deposit and Income tax concession purpose

 

Compiled by Shri. K.Kalimuthu, Post Master Grade II, General Secretary, All India Association of Postal Supervisors, Gopalapuram Post office, Chennai 600086. Chennai area people, firms and companies may contact myself through Mobile No. 9566330927 (1000 to 1600hrs) to open accounts to all. Others PI contact nearest post office for more details.