Post Office Savings Bank Schemes – Interest Rates & Maturity Values Table w.ef. 01.01.2024 to 31.03.2024
POST OFFICE SAVINGS BANK SCHEMES INTEREST RATES & MATURITY VALUES TABLE
(w.e.f. 01.01.2024 TO 31.03.2024)
| Post Office Savings Scheme (POSB) Name | Post Office Interest Rates from 01.01.2024 to 31.03.2024 | Post Office Interest Rate from 01.10.2023 to 31.12.2023 |
| Savings Bank A/c | 04% | 04% |
| Recurring Deposit Account | 6.7% | 6.7% |
| Term Deposit 1 year/2 years/3 years/5 years | 6.9%, 7.0%,7.1% & 7.5% | 6.9%, 7.0%,7.0% & 7.5% |
| Monthly Income Scheme | 7.4% | 7.4% |
| National Savings Certificate(NSC) | 7.7% | 7.7% |
| Kisan Vikas Patra (KVP) | 7.5% (115 Months) | 7.5% (115 Months) |
| Public Provident Fund (PPF) | 7.1%. | 7.1%. |
| Senior Citizen Saving Scheme | 8.2% | 8.2% |
| Sukanya Samriddhi Yojana | 8.2% | 8.0% |
MATURITY VALUES *
| RD | For Deposit 100 x 60= 6,000, Interest 1,136.58, (After extension with deposit: 6 Year = 8871.09, 7 Year = 10724.75, 8 Year = 12705.77, 9 Year = 14822.89, 10 Year =17085.46) | Total 7136.58 |
| 1 TD | For Deposit 1,00,000, Yearly Interest 7080.60 x 1 | Total 1,07,081 |
| 2 TD | For Deposit 1,00,000, Yearly Interest 7185.90 x 2 | Total 1,14,372 |
| 3 TD | For Deposit 1,00,000, Yearly Interest 7291.29 x 3 | Total 1,21,873 |
| 5 TD | For Deposit 1,00,000, Yearly Interest 7713.59 x 5 | Total 1,38,568 |
| MSSC | For Deposit 1,00,000, Interest on maturity 16,022 | Total 1,16,022 |
| MIS | For Deposit 1,00,000, Monthly Interest 616.67 x 60 | Total 1,37,000 |
| SCSS | For Deposit 1,00,000, Quarterly Interest 2,050 x 20 | Total 1,41,000 |
| MIS + RD | For Deposit 1,00,000, Interest 43,953.15 | Total 1,43,953 |
| SCSS + RD | For Deposit 1,00,000, Interest 48,728.76 | Total 1,48,729 |
| NSC | For Deposit 1,00,000, Interest on maturity 44,903.41 | Total 1,44,903 |
| KVP | For Deposit 1,00,000, Interest on maturity 1,00,000 | Total 2,00,000 |
| PPF * | Monthly 1000 x 15 years =1,80,000, Interest 15 yrs = 1,35,572 | Total 3,15,572 |
| SSA * | Monthly 1000 x 15 Years =1,80,000, Interest 21 yrs = 3,74,612 | Total 5,54,612 |
COMMENTS