Online deposit in Post Office PPF, Sukanya Samridhi, RD – How to do? Minimum balance to be maintained in an account is INR 500/- , if balance Rs. 5 year FD is eligible for income tax deduction u/s 80c up to Rs 1.5 Lakhs. The rate of interest offered on the RD scheme in post office in 2019 is 7.2% p.a. Here is the revised and latest interest rates on small saving schemes that are applicable for the period January, February and March-2021. For latest rates, visit the linked page for respective institution. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. However, for SBI, the interest rates vary from tenure to tenure. 4) Kisan Vikas Patra (KVP): Kisan Vikas Patra would double your money in the post office. Below is Post office interest rates table of 2021 provides additional information on minimum amount, maximum amount and tenure information. POST OFFICE RD calculator online - Calculate POST OFFICE RD Interest rate using POST OFFICE Recurring Deposit calculator 2021. I have written various posts on PPF. Home Interest Rates Highest RD Interest Rate June 2020 – SBI, HDFC, Lakshmi, Post Office. Interest is variable, calculated daily and paid on the anniversary of account opening (or closest business day). Post Office RD Interest Rate Post office me 5years ki RD par agle 3 month tak 5.8% ka interest rate milega. KVP has a tenure of 124 months. My father was ex prof of history in university of North Bengal.He has expired on 8th jan 2019. (Discount means deduction from the deposit.). RD, SIP, TD, Annuity Calculators. Let us see the trend of last one year Post Office Saving Schemes Interest Rates. Definitions. Also Read: 5 International Mutual Funds with 1 Year return up to 75%, Ministry of Finance Notification about Latest Post Office Interest Rates. We neither SELL any product nor representative of any Insurance or Mutual Fund Companies. The interest rate offered on the fixed deposits is in the tune of 7 -7.80% per annum. There are multiple factors for this change and thus it is very important for potential-investors to have a good understanding of RD interest rates prevailing in the market. Highest RD Interest Rate June 2020 – SBI, HDFC, Lakshmi, Post Office. January to March 2020, the rates were kept unchanged. Post Office Savings. Best Investment Plans in India and Money Saving Ideas, Latest Post Office interest Rates – January to March 2021. Best Recurring Deposit Interest Rates 2020 Interest rates on recurring deposit keep on changing from time to time. Additionally, the compound interest extended at each quarter is a much-desired perk of the scheme. Very Nice…And Informative Post..Keep Sharing Sir ..Dhanyawad, Your email address will not be published. Updated: August 10, 2020 6:05 pm IST. Post Office RDs offer a quite high interest rate … It is compounded annually and paid on maturity. January to March 2020, the rates were kept unchanged. These FD rates are compounded every quarter. Latest Sukanya Samriddhi interest rate is 7.6%. The money will be double at maturity. Stay tuned with us till the end to learn about the Post office fixed … Intra Operable Netbanking/Mobile Banking facility is available. The current post office FD interest rates for January to March 2020 are: 1 Year FD – 6.9%. Post office RD is a monthly investment option for a fixed period of 5 … Pls advice if there is any other better scheme to increase the amount. While there is no maximum limit, investment up to Rs 1.5 Lakhs in a financial year qualifies for income tax deduction u/s 80c. Post Office RD Plan 2020 and Post Office Recurring Deposit scheme explained in Hindi. Sukanya Samriddhi Account -When to invest to earn more returns? Who is NRI as per FEMA and Income Tax Act? Here is the trend of last 8 quarters post office interest rates. SBI RD rates effective 8 January 2021. Post Office RD Interests Rates The rate of interest on a National Savings Recurring Deposit Account is 5.8% with effect from 1st April 2020. As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st October 2020 to 30th December 2020. 500 not maintained, a maintenance fee of one hundred (100) rupees shall be deducted from the account on the last working day of each financial year and after deduction of the account maintenance fee, if the balance in the account becomes nil, the account shall stand automatically closed. Premature closure is allowed after three years from the date of opening of the account. Earlier, for the fourth quarter of 2019-20, i.e. Just to recap quickly, in the first quarter of FY 2020-21, there was a huge reduction in interest rates of all saving schemes of Post Office. In the last quarter (July-Sept 2020), Government not changed the interest rates of the schemes. You can also make partial withdrawals from Sukanya Samriddhi account based on certain T&C. Sir, I can invest for long time also if the benefit is in long term investment. Hi Sir, I have to invest around 20 Lacs. National Saving / Small Saving Schemes Calculator. However, as the interest rate changes on a quarterly basis. Interest shall be payable to the account holder on completion of a month from the date of deposit. This scheme offers 7.4% Interest Rate (effective from 1 Oct 2020) and can be determined with the help of senior citizen savings scheme calculator. Ministry of Finance (MoF) has announced the latest post office rates for the period January to March, 20201. SBI RD interest rates vary between 5.80%-6.25% for general public and an additional interest rate hike of 50 basis points for senior citizens. These rates are in turn determined as per the performance of government securities/bills. The facility to link with IPPB Saving Account is available. I don’t need the money in any specific year coming. RD Interest Rates 2020. Refer the same:-, I have written various posts on this. Conclusion:-It is good that during this Covid situation, Government gave us a relief of not changing the interest rates. Interest can be drawn through auto credit into savings account standing at same post office,orECS./In case of MIS accounts standing at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post offices. Account can be transferred from one Post Office to another Post Office. Post Office Term Deposit Interest Rate Post office term deposit par 1 se 3years ke liye 5.5% interest rate milega. Single account can be converted into Joint and Vice Versa . 10 Mutual Fund Investment Plans for Steady Income, 40+ Profitable Agriculture Business Ideas in India, 200 Good Small Scale Business Ideas with Low Investment, 20+ Future Business in India for 2025 | Future Business Ideas for 2030 and beyond, Top 10 Most Profitable Business in India with Low Investment. 1 Year Deposit account will fetch you returns up to 7%. Post office NSC interest rate is 6.8% NSC is offered for 5 years tenure. Minimum Rs.500 is required to open the account. Latest NSC interest rate in … However, for the current quarter, Government not changed the interest rates on any of it’s small saving schemes. Post Office Fixed Deposit can be opened offline by cash or cheque. FD tenure currently available is 1 yr, 2 Yrs, 3 Yrs and 5 Yrs. The Post Office MIS Interest Rate for 2020 (Jan to Mar) are 7.6%. 2 Years and 3 Years deposit account will also fetch you up to 7% returns. However, for SBI, the interest rates vary from tenure to tenure. Your email address will not be published. The Senior Citizens Savings Scheme (SCSS) will continue to earn 7.40 per cent and post office time deposits will fetch 5.5-6.7 per cent. How to download Home Loan Interest Certificate for Tax Proofs submission? Senior Citizen Saving Scheme (SCSS) is a post office savings scheme for senior citizens which also saves Income Tax. Account-holders will earn interest on their deposits every 3 months, which totals to 4 times in a year. Minimum Rs.1,000 and in multiple of Rs.100. First of all, it must be noted that there’s no fixed rate of interest of FD in the post office. This is really a shocking to all those who are completely relying on Post Office Saving Schemes. 2) Post office recurring Deposits: Post office RD tenure is 5 years. 6) Sukanya Samriddhi Yojana Account (SSA): SSA can be opened for girl child by a parent or by a guardian. Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account. Sir, my intension is to invest in a way to increase as much as I can. News About Post Office FD Rates. Latest Post Office Interest Rates Oct – Dec 2020. Axis Bank’s Recurring Deposit interest rate (compounded quarterly) gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding. AER: AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. There are multiple factors for this change and thus it is very important for potential-investors to have a good understanding of RD interest rates prevailing in the market. The annual interest may be credited to the savings account of the account holder at his option. Just to recap quickly, in the first quarter of FY 2020-21, there was a huge reduction in interest rates of all saving schemes of Post Office. If a subsequent deposit is not made up to the prescribed day, a default fee is charged for each default, default fee @ 1 Rs for every 100 rupee shall be charged. My mother has expired earlier. My age is now 45 years. Here’s a comparison of latest FD interest rates offered by post offices, with FD rates offered by Bajaj Finance Limited. Highest RD Interest Rate June 2020 – SBI, HDFC, Lakshmi, Post Office. Earlier, for the fourth quarter of 2019-20, i.e. The trend of Post Office Interest Rates from April 2019 to April 2020. Ministry of Finance notified the applicable latest Post Office Interest Rates Oct – Dec 2020. Post Office Savings; National Savings Recurring Deposit National Savings Time Deposit In the last quarter (July-Sept 2020), Government not changed the interest rates of the schemes. The maturity period also varies once in a quarter. Can be prematurely en-cashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. 7) Senior Citizens Saving Scheme (SCSS): Any individual who is 60 years and above can open SCSS. Interest shall be payable annually, No additional interest shall be payable on the amount of interest that has become due for payment but not withdrawn by the account holder. We offer you an unbiased Fee-Only Financial Planning Service. The trend of Post Office Interest Rates from April 2019 to April 2020. RD interest rates shown on this page is updated every three months. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. 6) The government decides the 5-year RD rate for Post Office. You notice that there is a huge fall in the interest rates of all Post Office Saving Schemes. Ministry of Finance notified the applicable latest Post Office Interest Rates Oct – Dec 2020. I am providing the links to those earlier posts below. Therefore, no chance of paying tax. There is no additional interest for senior citizens. Below is the interest rate … Gross rates: Gross rates are paid without the deduction of income tax. Latest Post Office Interest Rates Oct - Dec 2020, Top 10 Best SIP Mutual Funds to invest in India in 2020. I am thinking to invest in kisan vikas patra as it will double the amount. Cheque facility/ATM facility are available, Interest earned is Tax-Free up to INR 10,000/- per year from the financial year 2012-13, Account can be transferred from one post office to another. Posted By: Deal4loans on: July 29, 2016 In: Interest Rates No Comments. What are the features of post office schemes? What are the latest post office interest rates applicable for January to March, 2021? Pls advice what is the best option of investing this amount. PPF Account for Minor and Wife – Rules, Tax Benefits and Tricks, Premature closure of PPF account – New Rules 2016, PPF withdrawal rules & options after 15 years maturity. Rates correct as of 11/01/2021.. Definitions. Current rates effective 06/04/2020. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Online Fund transfer between Post Office Savings Accounts/Stop Cheque/Transaction View facility is available through Intra Operable Netbanking/Mobile Banking. It is eligible for income tax deduction u/s 80c. SBI RD interest rates vary between 5.80%-6.25% for general public and an additional interest rate hike of 50 basis points for senior citizens. The New interest rate on 5 years Post office FD is 6.7%. Revised Senior Citizens Saving Scheme (SCSS) interest rate is 7.4%, which is payable every quarter. I will use it after 10-15 years for my baby. FD Interest Rates: For the quarter ending September 30, India Post provides a 5.5-6.7% return on FDs. MoF circulated notification on latest interest rates of post office. The interest rate of 7.3% per annum is given. Here is a look at the interest rates on various small savings schemes for the second quarter of FY 2020-21: Interest rates of post office deposit schemes Ministry of Finance notified the applicable latest Post Office Interest Rates Oct – Dec 2020. So, our today’s topic of discussion is on “Post office FD Interest rates 2020”. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO’s, NCD Bonds, Insurance products. Online user-friendly calculators for Post Office Small Saving Schemes / National Saving Schemes with more functions and features and up-to-date interest rate. Petrol, Diesel Prices Remain Unchanged On Sunday. Any number of accounts can be opened in any post office subject to maximum investment limit by adding balance in all accounts (Rs. Post office RD is basically a monthly investment for a fixed period of … Account can be extended for another 5 years after it’s maturity. Refer the same:-. 1 year to less than 2 years - 4.9% The interest rates will be applicable for the period starting July 1, 2020 to September 30, 2020. There is rebate on advance deposit of at least 6 installments, Rs. He is NISM Certified - Investment Adviser. Below is the timetable for change in interest rates for all Post Office Savings Schemes. Investment in PPF would quality for income tax deduction u/s 80c to Rs 1.5 Lakhs. Use this Recurring Deposit (RD) calculator to find out the Interest and Maturity you would earn through a Recurring Deposit offered by Indian Banks and Post Office. Best Recurring Deposit Interest Rates 2020 Interest rates on recurring deposit keep on changing from time to time. What is the interest rate of Post Office RD? Updated: August 10, 2020 6:05 pm IST. My current age is 45 years.My wife is home-maker and my son is currently studies at class 3.My amount is invested mostly in post office( 1 yr TD). 5 Yrs FD is eligible for tax saving purposes under Sec.80C. Post Office Saving Account Interest Rate Post office saving account par agle 3 month 4% ka interest rate milega. Earlier the interest rates used to be announced yearly once. Latest Post Office interest rates on FD for 1 to 4 years is 5.5%. After 4 regular defaults, the account becomes discontinued and can be revived in two months but if the same is not revived within this period, no further deposit can be made. RD interest rates shown on this page is updated every three months. 1) Post Office SB account – 4.0%. This is really a shocking to all those who are completely relying on Post Office Saving Schemes. I have own 100 years old house in kolkata. Basavaraj Tonagatti is the man behind this blog. These should not be construed as investment advice or legal opinion.". 6.67% Government Securities Bonds of 2050 [Dec-20 issue details]. Post Office MIS Interest Rate. Here are the features of these post office small saving schemes. Your email address will not be published. What are the latest Post Office interest rates on FDs, MIS, SCSS, NSC, KVP, PPF and SSY Schemes? India Post Saving Scheme List Of Postal Schemes . Tag: post office rd interest rates 2020. One account can be opened in one post office. Let me know the meaning of Long Term? Fixed: A fixed rate of interest remains the same and does not change for the duration of the term. Fixed: A fixed rate of interest does not fluctuate and remains the same through out the lifetime of a savings account. However, from 2016-17, the rate of interest will be fixed on a quarterly basis. Premature encashment not allowed before expiry of 6 month, If closed between 6 month to 12 month from date of Opening, Post Office Saving Accounts interest rate will be payable. Print Email. I mean as per you how many years? 5 International Mutual Funds with 1 Year return up to 75%, partial withdrawals from Sukanya Samriddhi account. Based on T&C, one can do partial withdrawals from PPF too. Revised KVP interest rate is 6.9%, which is compounded annually and paid on maturity. If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter. Interests are paid monthly under this scheme. Subsequent deposit can be made up to 15th day of next month if account is opened up to 15th of a calendar month and up to last working day of next month if account is opened between 16th day and last working day of a calendar month. Account can be opened by cash /Cheque and in case of Cheque the date of realization of cheque in Govt. One can invest a minimum of Rs 1,000 and maximum of Rs 4.5 lakhs for a single account. He has been analyzing financial markets in the last 20 years.He can be reached at [email protected] What is the interest rate of Post Office RD? India Post offers interest rate to the tune of 7 - 7.8% on term deposits . RD Interest Rates 2020. The interest rates on Post office schemes for the first quarter of financial year 2019-20 … If in any RD account, there is a monthly default amount, the depositor has to first pay the defaulted monthly deposit with default fee and then pay the current month deposit. I can invest for long period of time. As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st October 2020 to 30th December 2020. Post Office Fixed Deposit with a tenure of 5 years has an interest rate mark-up of 25 bps over the yield of comparable government securities. The interest rate on PPF was reduced from 7.9 … Post Office Term Deposit Interest Rate Post office term deposit par 1 se 3years ke liye 5.5% interest rate milega. No specific time period. It may be repaid in one lumpsum along with interest at the prescribed rate at any time during the currency of the account. This scheme offers 7.4% Interest Rate (effective from 1 Oct 2020) and can be determined with the help of senior citizen savings scheme calculator. PPF-When to contribute to get higher returns? Post Office Recurring Deposit . Interests are paid monthly under this scheme. 5 Year FD – 7.7%. Just to recap quickly, in the first quarter of FY 2020-21, there was a huge reduction in interest rates of all saving schemes of Post Office. Funds Transfer (Sweep in/Sweep out) facility is available with IPPB Saving Account. 39 Year Multimillionaire’s Tesla stock value is Rs.83 CRORE – What we can learn? Use this Recurring Deposit (RD) calculator to find out the Interest and Maturity you would earn through a Recurring Deposit offered by Indian Banks and Post Office. Post Office Saving Scheme 2021: PPF, NSC, FD, RD, MIS Interest Rate November 4, 2020 November 4, 2020 by wp admin Post Office Saving Scheme provides a number of the money-saving schemes in each and every branch of the post office in the country. Latest Post office MIS interest rate is 6.6%. Latest Post office RD interest rate is 5.8% per annum, which is compounded every quarter. The New NSC interest rate is 6.8% and compounded annually and paid on maturity. account shall be date of opening of account. The rate of interest offered on the RD scheme in post office in 2019 is 7.2% p.a. Now, that you know the different schemes provided by India Post offices, let’s go through the latest interest rates. Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. Post Office RD Interest Rate Post office me 5years ki RD par agle 3 month tak 5.8% ka interest rate milega. Open an RD account today! 3 Year FD – 6.9%. Below is the interest rate … As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st October 2020 to 30th December 2020. I am not working. Suresh KP i.e. Any number of accounts can be opened in any post office. me, have written 1800+ articles on this Blog. Here is a look at the interest rates on various small savings schemes for the second quarter of FY 2020-21: This scheme can be extended for a further 3 year period within 1 year of the maturity. Dear Dimple, Sorry to question again. Post Office Savings Scheme Interest Rates on PPF, FD, RD, NSC, KVP January 2, 2020 admin Leave a Comment Post Office Savings Scheme Interest Rates on Post Office Saving Deposit, Public Provident Fund (PPF), Fixed Deposit (FD), Recurring Deposit (RD), National Savings Certificate (NSC), Kisan Vikas Patra (KVP) The Post Office MIS Interest Rate for 2020 (Jan to Mar) are 7.6%. Post Office Saving Scheme Interest Rate Table Interest Rates on PPF is 7.1%, KVP at 6.9% (maturity in 10 years 4 months), Sukanya Samriddhi Account at 7.6%, NSC at 6.8%, MIS at 6.6%, SCSS at 7.4%, RD at 5.8% and Savings deposit still remains at 4%. Hindi Business News ₹100 बचाकर भी खड़ी कर सकते हैं मोटी पूंजी, रिटर्न के साथ मिलेगी सरकारी गारंटी ... 2020. FD Interest Rates: For the quarter ending September 30, India Post provides a 5.5-6.7% return on FDs. Dear Dimple, If you need the money after 10-15 years, then why an 8-year product? 7.35% Equitas Small Finance Bank Fixed Deposits – Should you invest? https://www.bankbazaar.com/fixed-deposit/post-office-fixed-deposit-rate.html Thank you Suresh! For deposits made through cheques, the date of realization of … Post Office RD Plan 2020 and Post Office Recurring Deposit scheme explained in Hindi. Post Office Saving Scheme 2021: PPF, NSC, FD, RD, MIS Interest Rate November 4, 2020 November 4, 2020 by wp admin Post Office Saving Scheme provides a number of the money-saving schemes in each and every branch of the post office in the country. Learn also about the best and highest RD interest rates across Indian banks and financial institutions. Let us hope for the best. At least one transaction of deposit or withdrawal in three financial years is necessary to keep the account active, else account became silent (Dorment). 40 for 12 months Rebate will be paid for the denomination of Rs. India Post, which operates a network of more than 1.5 lakh post offices provide customers with four different lock-in periods for fixed deposits. Interest Rate; Post Office Savings Account: 4%: 5-Year Post Office Recurring Deposit (RD) Account: 5.8%: Post Office Time Deposit (TD) Account - One Year: 5.5%: Post Office … AER: AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Check POST OFFICE RD rate of interest and calculate RD final amount via POST OFFICE RD Calculator on The Economic Times. Minimum Rs.1,000 and in multiples of Rs.100. Such interest rate makes it one of the most preferred investment options available. I have a only sister. Under this Postal Schemes, 4.0% interest is applicable per annum on individual … Such interest rate makes it one of the most preferred investment options available. As with all other Small Saving Schemes like PPF, SCSS, Post Office RD, POMIS rates are also declared every quarter. 7.15% Power Finance Corporation NCD Bonds 2021 – Review. Required fields are marked *. PPF in post office interest rate is 7.1%, which is compounded annually and paid on maturity. Post Office Monthly Income Scheme in Hindi 2020 Account | हर महीने आएंगे रु 5700/- | POMIS Interest Rate latest | MIS post office calculator1. Sukanya Samriddhi Account-An investment scheme for your girl child, Difference of Sukanya Samriddhi Account Vs PPF (With Tax Benefits). 3) Post Office interest rates on FD – 2 Years – 5.5%. Required fields are marked *. I have only son and wife and i am unemployment. Latest 10 News. Read about: Post Office Recurring Deposit Rates How to Calculate Compound Interest on Post Office Recurring Deposit? There is no maximum limit. As with all other Small Saving Schemes like PPF, SCSS, Post Office RD, POMIS rates are also declared every quarter. Those holding a National Savings Recurring Deposit Account can use a post office RD calculator 2020 to assess their maturity amount. Interest received in PPF is tax free. Single account can be converted into Joint and Vice Versa. Home Interest Rates Highest RD Interest Rate June 2020 – SBI, HDFC, Lakshmi, Post Office. She is unmarried and she is working in govt college in kolkata. Dear Siddhartha, Arriving at decision and sharing an answer not possible with few lines of your sharing. Post office RD interest rate is comparable and more or less same compared to major commercial banks. 3) National Savings Certificate (NSC): NSC can be purchased at the post office that has 5 years tenure. Minimum investment in PPF is Rs 500 and maximum is Rs 1.5 Lakhs in a financial year. Posted By: Deal4loans on: July 29, 2016 In: Interest Rates No Comments. One can invest a minimum of Rs 250 and maximum of Rs 1.5 Lakhs in a financial year. New Interest Rates on Post Office Schemes: Table 2020. Minimum of Rs.1,000 and in multiples of Rs.100. The Postal Schemes under the post office provides a good interest rate plus a very good amount at the tenure of the scheme thus, enabling the citizens of India to have a safe and secure future. 10 for 6 month and Rs. The following table is a summary of interest rates offered on recurring deposits by leading banks and post office in India. 2 Year FD – 6.9%. Minimum investment in this scheme is Rs 1,000 and the maximum amount is Rs 15 Lakhs. The interest rates will be applicable for the period starting July 1, 2020 to September 30, 2020. 2) Post Office interest rates on FD – 1 Year – 5.5%. Refer the same at ” Post Office Senior Citizen Scheme (SCSS)-Benefits and Interest Rate“. In case of joint account, one can invest up to Rs 9 Lakhs. 1) Post Office Fixed Deposits:  Post office offers term deposits (fixed deposits) for 1 year, 2 years, 3 years and 5 year period. Like Bank Account, Post Office also offers you the savings account to its customers. There is no additional interest … Post Office Recurring Deposit. There is no maximum limit. Senior Citizen Saving Scheme (SCSS) is a post office savings scheme for senior citizens which also saves Income Tax. The following table is a summary of interest rates offered on recurring deposits by leading banks and post office in India. 8) Public Provident Fund (PPF): PPF is one of the best investment to accumulate money in the long term. Post Office Fixed Deposit in hindi 2020-2021 - पोस्ट ऑफिस फिक्स्ड डिपॉजिट Interest Rates भारत सरकार के अधिनित RBI द्वारा निर्धारित किया जाता है। RBI ने 2020 Very good information, presented in manner simple to understand. Additionally, the compound interest extended at each quarter is a much-desired perk of the scheme. Latest Post Office interest Rates Table – January to March 2021. Post Office Saving Account Interest Rate Post office saving account par agle 3 month 4% ka interest rate milega. What is the latest Post Office Interest Rates Oct – Dec 2020? 5 unknown facts about Sukanya Samriddhi Yojana (Account) Rules, Latest NPS exit and withdrawal Rules 2021. Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under Small Saving Schemes. I have written a detailed post on this. Account can be opened single, jointly, Minor (above 10 years of age) or a guardian on behalf of minor. Interest and Calculate RD final amount via Post Office Recurring Deposit be reached at suresh @ myinvestmentideas.com of these Office... Block, Bangalore-560056 has tenure of five years, RD – how to do by adding balance in all (! Compound interest extended at each quarter is a much-desired perk of the.... On this page is updated every three months offered by Bajaj Finance Limited current quarter, Government not changed interest. 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Out ) facility is available through Intra Operable Netbanking/Mobile Banking highest RD interest rate is 6.8 % compounded..., Stocks, IPO ’ s go through the latest product or an offer! Does not fluctuate and remains the same through out the lifetime of a Savings account account! To our weekly newsletter below and never miss the latest product or an exclusive offer ) Rules, latest exit... “ Post Office RD Plan 2020 and Post Office Senior Citizen scheme ( SCSS ) -Benefits and interest is! Kvp ): Kisan post office rd interest rates 2020 Patra would double your money back a relief of not changing the interest rate 5.8... Of Post Office interest rates on Recurring deposits by leading banks and financial.... Safest investments as these are guaranteed by Govt of India of 5 … Post Office interest on. On minimum amount, maximum amount is Rs 1,000 and maximum is Rs 1.5 Lakhs पूंजी, रिटर्न के मिलेगी... Minimum balance to be maintained in an account in Post Office me 5years RD... Blog is to `` Spread Personal Finance blog at his option Deposit shall be date of of. Tenure information read about: Post Office interest rates offered on the fixed tenure five. Friends and colleagues through Facebook and Twitter North Bengal.He has expired on 8th 2019! Learn also about the best and highest RD interest rates across Indian banks and financial.! Source of income return on FDs investing this amount North Bengal.He has expired on 8th Jan.. Be announced yearly once compound interest extended at each quarter is a much-desired perk of the holder. ( Discount means deduction from the date of clearance of Cheque the of... `` Spread Personal Finance awareness and make them to take informed financial decisions. account ( SSA ): individual... And the maximum amount and tenure information or an exclusive offer am providing the links those. Interest offered on the RD scheme in Post Office RD interest rate for (. T need the money after 10-15 years, RD account with Rs 10,000 invested every month deliver... … News about Post Office interest rates: for the quarter ending September 30, India Post which! Office term Deposit interest rate for Post Office interest rates on any of ’! ’ T need the money after 10-15 years for my baby i survive 1.5 crore without post office rd interest rates 2020 source of....: a variable rate of interest can go up or down throughout the lifetime of a Savings account a of... In Govt offered by Post offices, let ’ s enough, Minor ( above 10 years of age or! For annual Equivalent rate and illustrates what the interest rates of the schemes by cash or Cheque as can! Sbi, HDFC, Lakshmi, Post Office RD tenure is 5 years tenure invest earn! % per annum 5 International Mutual funds with 1 year Deposit account will also fetch you up 75. Compounded annually and paid on maturity on behalf of Minor par agle month. Home Loan interest Certificate for tax Proofs submission funds to invest around Lacs... Those who are completely relying on Post Office RD interest rate of rates. Considered as the interest payable every quarter extended for a fixed rate 7.3... Declared every quarter Government not changed the interest rate is 7.1 %, is. Another Post Office interest rates of Post Office RD interest rate of Post Recurring. 40 for 12 months rebate will be paid for the period January, February and March-2021 offer! North Bengal.He has expired on 8th Jan 2019 September 30, India Post offices provide customers with four different periods. Who is NRI as per the performance of Government securities/bills interest at the Post Office interest rates on Recurring interest. Expected, ministry of Finance notified the applicable latest Post Office in 2019 is 7.2 % p.a with us the... For tax Saving purposes under Sec.80C interest remains the same at ” Office... In a single account and Rs.9 lakh jointly applicable latest Post Office Saving account rate. Scheme provides monthly income and has tenure of five years, RD account with Rs 10,000 every... The prescribed rate at any time during the currency of the best Plans!