Post Office Interest Rates – FD | MIS | PPF | RD | NSC | KVP | SSA |

Post Office Interest Rates | 2021



The Indian post office offers different types of deposit schemes for those looking to invest. These instruments are also known as small savings plans.
The unique selling proposition (USP) of these schemes is their sovereign guarantee, i.e., they are backed by the central government.
Some of these plans such as NSC, SCSS, etc. also offer tax-saving benefits under section 80C of the IT Act, 1961.
Interest rates on these plans are reviewed and fixed every quarter by the government.
Post Office Interest rates on these plans are reviewed and fixed every quarter by the government.

The Indian Post Office offers 12 types of savings accounts.
these are Savings Deposit (SD), 1 year Time Deposit, 2 year Time Deposit, 3 Year Time Deposit, 5 year Time Deposit, 5-year recurring Deposit, 5 years Senior Citizen Savings Scheme (SCSS), 5 Year Monthly Income Account,5 Year National Savings Certificate (NSC), Public Provident Fund Scheme (PPF), Kisan Vikas Patra (KVP), Sukanya Samriddhi Account Scheme (SSAS).

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Interest Rates on FD


Post Office FD (Fixed Deposit ), officially termed as Post Office Time Deposit Account (TD), is a government-backed scheme.
Under this plan, investors can park their money in any post office pan India. It is affordable and is, therefore, a highly preferred option by many.
A deposit with a Five-year lock-in period qualifies as a tax-saving investment. This means you can claim Deductions u/s 80 C of the IT Act, 1961 for up to Rs 1.5 lakh/FY.

  • 1 Year Time Deposit
  • 2 Year Time Deposit
  • 3 Year Time Deposit
  • 5 Year Time Deposit

Compounding Frequency is Quarterly.

Also Read Post Office Fixed Deposit | Interest Rates | Features | Online |

Interest Rates on FD for Senior Citizens


Post Office Time Deposit (TD) schemes do not offer any extra interest to senior citizens people.
Hence, the interest earnings on a particular sum are the same regardless of whether the investor is over or under 60 years of age.

Interest Rates on MIS


Post Office Monthly Income Scheme (MIS) is among the highest-earning investment instruments offered by the Finance Ministry of India.
It allows investors to invest funds at a fixed interest rate, for a fixed tenure and generates a monthly payout.
Similar to all other schemes, the government backs the post Office MIS scheme.

  • Monthly Income Account​​
    The compounding Frequency is Monthly.

Interest Rates on RD


To invest small fixed amounts of funds at regular intervals, one can open a Five-Year RD (Recurring Deposit) scheme with the post office.
There is no limitation on the number of accounts that can be opened.

  • 5 Year Recurring Deposit Scheme​​
    6.20​% per annum (quarterly compounded)

Post Office Interest Rates on PPF


The Post Office public provident fund (PPF) account has historically been an accepted tax-exempt and risk-free savings instrument that allowed even those located in remote areas to save and grow their wealth over time.

  • 7.1%
    The compounding Frequency is Annual.

Interest Rates on Sukanya Samriddhi Account Scheme​​


Also Read Sukanya Samriddhi Account | New Rules | Interest Rate

  • 7.6%
    The compounding Frequency is Annual.

Post Office Interest Rates on Kisan Vikas Patra​​


Also Read Kisan Vikas Patra: e-Mode & Passbook Mode | Interest rate

  • 8.0% (will mature in 124 months)
    The compounding Frequency is Annual.

Post Office Interest Rates on National Savings Certificate


The NSP (National Savings Certificate) is a fixed income investment plan that you can open with any post office.
A Government initiative, it is a savings bond that encourages subscribers mainly small to middle-income investors to invest while saving on income tax.
A fixed income instrument like PPF & Post Office FDs, this plan too is a secure and low-risk product.
You can purchase it from the nearest post office in your name, for a minor, or with another adult as a joint account.
They come with a fixed maturity period of 5 years.

Also Read National Savings Certificates India | Interest Rate | Online | Offline | Loan

  • 7.70%
    The compounding Frequency is Annual.

Interest Rates on Senior Citizen Savings Scheme​​


Also Read Senior Citizen Savings Scheme

  • 8.20%
    The compounding Frequency is Quarterly.

Post Office Interest Rates on Savings Account​​


The Post office savings account is the deposit plan under the Government of India, where the individual is liable to get the interest paid in his account at a certain interest rate fixed by the Reserve Bank of India. So far, the Postal service has reached every corner of India from rural areas to urban areas, and hence, a large number of people in India have access to Post offices.

  • 4.0%
    Compounding Frequency is Annual.

Source – Indian Post Office