Post Office Interest Rate & Returns for the period 01.07.2017 to 30.09.2017

Post Office Interest Rate & Returns for the period 01.07.2017 to 30.09.2017

Government of India, Postal Department Interest rate for the period 01.07.2017 to 30.09.2017 

Post office investment

Minimum Deposit Amount in Rs.
Returns inRs. (Approximately)

Remarks
SB Account
(SB)

4%
Min Rs 50
Max unlimited
No maturity period.Every year Interest will be paid as per their savings.ATM facility available.Can withdraw from bankATM too. No service charge for PO ATM withdrawal. Free SMS service.
RD Account
(RD)5Years 7.1%Compound Interest
Monthly Min Rs.10
Maximum No Limit For Monthly Rs.1000 investment Maturity amount is Rs.72125 Monthly Recurring Deposit. After 3 years Premature closure is allowed.Monthly IncomeScheme (MIS)5
Years

7.5%Minimum Multiples of Rs.1500/- Maximum
Rs.4.5 lakh for single
Rs.9 lakhsfor jointFor Rs.100500/- Monthly interest Rs.628Monthly interest can be withdrawn.
After 2/3 yearspremature closure isallowed with
2%/1%deduction.
1 Year TimeDeposit (1yearTD)
6.8% (quarterly compound)
Minimum Multiples of Rs.200/Maximum Nolimit
For Rs.10000investment Maturityamount Rs.106981 year Fixed deposit.Can be closedprematurely after 6 months with SB rate ofinterest2 YearsTimeDeposit (2Years TD)6.9% (quarterly compound)Minimum Multiples of Rs.200/ Maximum NolimitFor Rs.10000investment Maturityamount Rs.114162 years Fixed deposit.Can be closedprematurely after 6 months with SB interest3 YearsTimeDeposit (3Years TD)7.1% (quarterly compound)Minimum Multiples of Rs.200/Maximum NolimitFor Rs.10000investment Maturityamount Rs.121873 years Fixed deposit.Can be closedprematurely after 6 months with SB interest
5 YearsTimeDeposit (5Years TD)
7.6% (quarterly compound)
Minimum Multiples of Rs.200/Maximum Nolimit
For Rs.10000investment Maturityamount Rs.139105 years Fixed deposit.Can be closedprematurely after 6 months with SB interest.Can claim IT exemptionunder 80C
SeniorCitizenScheme (5 years)

8.3%
Multiples ofRs.1000/- Maximum
Rs.15lakhs
For Rs.1lakh
Rs.2075 interest forevery
3 monthsFor retiredGovt/defence/ public sector employees and above 60 years age citizens. Investment can be claimed under80c

SukanyaSamridhi Account (21 years)
For girl child below10 years age
8.3%

MinimumRs.1000/- Deposit Multiplesof Rs.100.Maximum Rs.1.5lakhs for the F.Y

If monthly contributionis Rs1000/ for 14 yearstotal contribution is168000/- Maturityvalue would be approximatelyRs562355) for 8.3%interest after 21 yearsperiod.Depositing period 14years. Maturity 21years or else aftermarriage.
Can withdraw 50% amount after 18 yearsof girl child for herstudies.
New scheme launchedby the
Govt of India, to thewelfare of girl children.Can claim ITexemption under 80c

PPF Period15 years

7.8%
MinimumRs.500/- Deposit Multiples of Rs.100.Maximum Rs.1.5lakhs for the F.YIf monthly contributionis Rs1000/ for 15 yearstotal contribution is180000/- Maturityamount is Rs334352(approximately) for 7.8% interest

For Savings andIncome tax concessionpurpose
Kisan VikasPatra (KVP)
100 months7.5%Doublesin
9 years 7months
Multiples ofRs.1000/ Maximum Nolimit
For 1lakhinvestment, maturity Rs.2 Lakhs
Investment will bedoubled in
115 monthsNationalSavingsCertificate (NSC)
5 years
7.8% (quarterly compoundinterest)

MinimumRs.100/ MaximumNo limit

For Rs.10000 Maturity amountRs.14558