Thu, Apr 11, 2024
Post Office Recurring Deposit (RD) Small Savings Scheme Account: Ever wondered what kind of interest rates does the India Post offer on the government-backed, fixed-income recurring deposit scheme? For the quarter ending June 30, 2024, the post office RD scheme pays interest at the rate of 6.7 per cent per annum (compounded quarterly). The scheme allows monthly investments of Rs 100 and above (in multiples of Rs 10 thereof) with a maturity period of five years with a premature withdrawal option after the first three years. Learn with examples how your monthly investment ranging from Rs 5,000 to Rs 20,000 grows in this small savings scheme.
More >
Thu, Mar 30, 2023
Post office scheme savings account minimum balance: Did you know that a savings bank account at the post office actually earns you a slightly better return than big commercial banks? Here's all you need to know about the minimum balance and other important details about this post office account.
Sat, Mar 04, 2023
Post office KVP 2023: Kisan Vikas Patra, a government-backed savings scheme, doubles the money invested over a period of 10 years? A KVP account, set up in a post office or select branches of PSU banks such as SBI and PNB, requires minimum investment of Rs 1,000 with no upper limit, and offers interest of 7.2 per cent compounded annually, according to the India Post website, indiapost.gov.in. The amount of money parked in this government-backed savings scheme doubles in 120 months, according to India Post.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.