Government of India, Postal Department savings and returns as per the

interest rates (revised) for the period 01.07.2019 to 30.09.2019.

Post office Rate of Minimum/Maximum
Returns in Rs.
investment Interest in Deposit Amount in Remarks
(Approximately)
Schemes % Rs.
ATM facility available. Can
withdraw from bank ATM too.
No maturity period. Every
SB Account Min Rs.50 No service charge for PO ATM
4% year Interest will be paid
(SB) Max No limit withdrawal. Free SMS service.
as per their savings.
Interest upto Rs.10000 tax
free
Monthly Recurring Deposit.
For Monthly Rs.1,000
7.2% After 3 years Premature
RD Account Monthly Min Rs.10 investment, total deposit
Quarterly closure is allowed with SB
(RD) 5Years Maximum No Limit Rs.60000, Maturity
Compound interest. After one year Loan
amount is Rs.72,314
is admissible @ 50% savings.
Monthly Minimum Multiples of Monthly interest can be
For Rs.1,00,000/-
Income 7.6% Rs.100/- withdrawn.
Monthly interest Rs.633.
Scheme Monthly Maximum After 1 or 3 years premature
Total Maturity value
(MIS) 5 and paid Rs.4.5 lakh for single closure is allowed with 2% or
Rs.1,37,980.
Years Rs.9 lakhs for joint 1% deduction.
1 Year Time 6.9% Minimum Multiples of For Rs.1,00,000 Can be closed prematurely
Deposit (quarterly Rs.100/ Maximum No investment Maturity after 6 months with SB rate
(Fixed deposit) compound) limit amount Rs.1,07,081. of interest.
Yearly interest Rs.7081 can
2 Years Time 6.9% Minimum Multiples of For Rs. 1,00,000
be withdrawn. Can be closed
Deposit (quarterly Rs.100/ Maximum No investment Maturity
prematurely after 6 months
(Fixed deposit) compound) limit amount Rs.1,14,162.
with SB interest
Yearly interest Rs.7081 can
3 Years Time 6.9% Minimum Multiples of For Rs. 1,00,000
be withdrawn. Can be closed
Deposit (quarterly Rs.100/ Maximum No investment Maturity
prematurely after 6 months
(Fixed deposit) compound) limit amount Rs.1,21,243.
with SB interest
Yearly interest Rs.7925/- can
be withdrawn. Can be closed
5 Years Time 7.7% Minimum Multiples of For Rs.1,00,000
prematurely after 6 months
Deposit (quarterly Rs.100/ Maximum No investment Maturity
with SB interest.
(Fixed deposit) compound) limit amount Rs.1,39,625.
Can claim IT exemption
under 80C
For retired defence
personnels, 50 years & above
Senior For Rs.1lakh
8.6% Multiples of Rs.1000/- other citizens 60yrs and
Citizen Rs.2150 interest for every
quarterly Maximum above can open SCS A/Cs.
Scheme 3 months. Maturity value
and paid Rs.15 lakhs Can claim IT exemption
(5 years) Rs.1,43,000.
under 80c. Interest Upto
Rs.50000 tax free
Depositing period 15 years.
If monthly contribution is Maturity period 21 years or
Sukanya
A/C opening Minimum Rs1000/ for 15 years total else after marriage.
Samridhi
Rs.250/- contribution is 1,80,000/- Can withdraw 50% amount
Account
Deposit Multiples of Maturity value would be after 10std of girl child
(21 years) 8.4%
Rs.100. For Financial approximately studies. New scheme
For girl child
Year Min. Rs.1000/- Rs5,70,205) for 8.4% launched by the Govt of
below 10
Maximum Rs.1.5 lakhs interest after 21 years India, to the welfare of girl
years age
period. children. Can claim IT
exemption under 80c
PPF If monthly contribution is
Period15 Minimum Rs.500/- Rs1,000/ for 15 years
For recurring Savings and
years, can Deposit Multiples of total contribution is
7.9% Can claim IT exemption
be opened Rs.100. Maximum 1,80,000/-Maturity
under 80c
for boy child Rs.1.5 lakhs for the F.Y amount is Rs.3,37,138.
also (approx)for 7.9% interest
Kisan Vikas Multiples of Rs.1000/ For 1 lakh investment, Investment will be
Patra (KVP) 7.6%
(9 years 5 months)
Maximum No limit maturity Rs.2 Lakhs. doubled in 113 months
National
7.9%
Savings For fixed deposit. Can
(Annually Minimum Rs.100/ For Rs.1,00,000 Maturity
Certificate Claim IT exemption under
compound Maximum No limit amount Rs.1,46,254
(NSC) 80C
interest)
5 years
Compiled by Shri. K.Kalimuthu, Post Master Grade II, General Secretary, All India Association of Postal
Supervisors, Gopalapuram Post office, Chennai 600086.