Post office deposits interest rates

2020-02-27 20:18

The rates of return on post office time deposit, also known as fixed deposit, vary according to the tenure of the account while the interest rate on recurring deposits is fixed at 7. 3 per cent perReward Saver. Including 12 month bonus from account opening 0. 75 0. 74 After 12 months rate reverts to underlying rate 0. 25 0. 24 Interest is variable, calculated daily and paid on the closest business day each month linked to the date of account opening. post office deposits interest rates

5Year Post Office Recurring Deposit Account (RD) Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained

Post Office Investment. This scheme currently offers a rate of interest of 7. 8 per annum payable monthly with the maturity period of 5 years. For example, Mr. Suresh invests Rs. 2 00, 000 (or Rs 2 lakhs) in Post Office Monthly Income Scheme. He will receive Rs. 1300 every month as an interest for 5 years. Post Office Fixed Deposit Interest Rates 2018. You can get an interest rate of 7. 4 on Time Deposit of a post office for 5 years. Please refer to the following table to know about current interest rate applicable to post office fixed deposit. The interest rate shown above is applicable from 1st January office deposits interest rates The post office RD account can be continued for another five years on yeartoyear basis. (Also Read: State Bank Of India (SBI) Fixed Deposits (FDs): What Interest Rates You Get Now) Post Office

The interest rate offered on these schemes are reviewed and fixed every quarter by the government. A post office offers various deposit schemes to investors. These are also known as small savings schemes. The USP of these schemes is their sovereign guarantee, i. e. , it is backed by the government post office deposits interest rates How can the answer be improved? Jan 05, 2019  The government has modified the Post Office time deposit rates for the JanuaryMarch quarter of 2019 and made the interest rates offered on deposits for 1 Post Office FD Rates India Post offers short and medium term fixed deposits at competitive interest rates. 1 year Post Office FDs pay interest at the rate of 6. 6 per annum. The highest rate of interest is offered for deposits held for 5 years, A post office deposit can be opened with a Latest Post Office Small Saving Schemes Interest Rates 2016 17 New Rules PPF, NSC, Sukanya Samriddhi Scheme, KVP, MIS, Sr. CSS, RD, Time Deposit. July Sep'16

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Post office deposits interest rates free