Post office scheme is also a very good option for investment. Post Office offers many types of investment schemes. In such a situation, investors have a question in their mind that in which scheme they should invest.
Let us tell you that the interest rates of post office scheme are updated every quarter. Yes, there are revisions in the interest rate every quarter. The interest rates for the second quarter of the current financial year 2024-25 i.e. July to September were also updated earlier. The interest rate for October to December will be announced by the end of September.
If you are also thinking of investing in the post office scheme, then we will tell you the latest interest rates of all the schemes. With this you will be able to know in which scheme you are getting more interest.
About Post Office Scheme
Many investment schemes are offered in the post office. By going to the post office, you can invest in small savings schemes like Fixed Deposit, Recurring Deposit, Monthly Income Deposit, Senior Citizen Saving Scheme, Sukanya Samriddhi Yojana, National Saving Certificate, Kisan Vikas Patra, Mahila Samman Saving Certificate.
All these schemes offer interest ranging from 6.7 percent to 8.2 percent. Apart from high interest rate, many other benefits are available in post office scheme.
Post Office Saving Account
Like a bank, you can also open a savings account in the post office. In the current second quarter, the post office is giving 4 percent interest on savings account.
Post Office Fixed Deposit Scheme
If you make a fixed deposit in the post office, then you get high interest. In this scheme, you get 4 types of interest. Yes, 6.9 percent interest is being given on the scheme maturing in 1 year. At the same time, 7.5 percent interest is being given on the scheme maturing in 5 years. Similarly, 7 percent interest is being given on 2-year FD and 7.1 percent interest is being given on 3-year FD.
Post Office Recurring Deposit Scheme
The Post Office Recurring Deposit Scheme is a kind of SIP of Mutual Fund. Although this scheme matures in 5 years, but you can also extend it for 5 years. This means that the facility of extending the investment time is given in it. Currently, 6.7 percent interest is being offered in this scheme. This interest is applicable for July-September 2024.
Post Office Monthly Income Scheme
7.4 percent interest is being received in the Post Office Monthly Saving Scheme. Interest is paid every month in this scheme. This means that interest is paid till the scheme matures. However, interest income is taxed. In this scheme also, interest is revised every quarter.
National Savings Certificate
Post Office’s National Savings Certificate (NSC) scheme will get 7.7 percent interest from July to September. This scheme matures in 5 years. In this scheme, compound interest is available i.e. interest is received on interest. Interest is paid after maturity.
Public Provident Fund Scheme
You can also get Public Provident Fund in the post office. Post Office PPF Scheme is paying 7.1% interest for the July-September quarter. In the Post Office PPF scheme, interest is calculated in compounding. There is no tax on interest up to Rs 1.5 lakh in this scheme.
Senior Citizen Saving Scheme
In this scheme, 8.2 percent interest is being given on the current quarter. You can open an account in this scheme by investing at least Rs 1000. The maximum amount of investment in the scheme is Rs 30 lakh.
Kisan Vikas Patra
Post Office KVP is also getting high interest. Currently, Kisan Vikas Patra is getting 7.5% interest for July-September 2024. This scheme matures in 115 months. Interest is calculated in compounding.
Mahila Samman Saving Certificate
Mahila Samman Saving Certificate was started for women in the post office. In this scheme, 7.5% interest is being given for the second quarter. Investment can be made in this scheme till 31 March 2025. This scheme matures in 2 years. Post Office Sukanya Samriddhi Yojana
Post Office Sukanya Samriddhi Yojana is quite popular for the bright future of daughters. This scheme offers an interest rate of 8.2 percent for the second quarter of the financial year 2024-25 i.e. July to September. Tax benefits are also available in this scheme. ( PLC & GT )
