Do you know these 7 Post Office Saving Schemes?

Today, I’d like to spread awareness about Post Office Schemes suited to individuals of different age brackets with respective needs and expectations. An important ideology behind wealth creation is to employ judicious blend of saving, investment instruments approach relevant to your risk-return profile, unique circumstances & constraints.

Post Office Saving Schemes Interest  Rate (Annual) Maturity  Period Minimum Amount Maximum Amount
Monthly Income Scheme (MIS) 7.3% pa payable monthly 5 years Multiples of Rs.1,500/- Rs.4.5 lakh in single a/c

Rs.9 lakh in joint a/c


Individual can invest max Rs.4.5 lakh (incl. his share in joint a/cs)

Time Deposit Account (TD) 6.6% (1 yr)

6.7% (2 yr)

6.9% (3 yr)

7.4% (5 yr)

1-5 years Rs.200/- No Limit
Recurring Deposit Account (RD) 6.9% 5 years Rs.10/- p.m. No Limit
National Savings Certificate (NSC) 7.6% payable at maturity 5 years Multiples of Rs.100/- No Limit
Public Provident Fund (PPF) 7.6% 15 years Rs.500/- Rs.1.5 lakh per FY
Kisan Vikas Patra (KVP)
7.3% 118 months

(9yr & 10mth)

Rs.1000/- No Limit
Senior Citizen Savings Scheme (SCSS) for individuals with age of 60 years or more 8.3% 5 years Only one deposit in multiples of Rs.1000/- Rs.15 lakh
Source: as of July 2018