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To know details and interest rates of National (Small) Savings Schemes kindly visit https://www.indiapost.gov.in/Financial/Pages/Content/Post-Office-Saving-Schemes.aspx An account for any of the National (Small) Savings Schemes can be opened by Indian resident by himself/herself by visiting the Post Office in person along-with KYC documents ...
Jul 1, 2024 · 0. Post Office Savings Bank (POSB) Schemes Interes Rate Chart Overview (w.e.f. 01.07.2024 to 30.09.2024) Here’s a snapshot of some popular Post Office Savings Schemes and their features: Senior Citizen Savings Scheme (SCSS): Offers an interest rate of 8.2% per annum for a tenure of 5 years.
Jul 25, 2024 · Post Office Saving Schemes List 2024 - Interest Rate, Benefits, Features Explained. The Post Office Saving Schemes come under central government run savings portfolio that offer a high amount of reliability. Read on to know more about its tax saving plans, interest rates & benefits.
How to open an account in post office and its requirements? To open an account [Savings Bank(SB), Recurring Deposit(RD), Time Deposit(TD), Monthly Income Scheme(MIS) SB3, SB103 (pay-in-slip) and specimen signature slip for SB and TD are required.
Sep 30, 2024 · The government has decided to raise the interest rates for certain small savings and post office schemes for the quarter ending on December 31, 2023. However, it's important to note that the interest rates for all schemes, except the recurring deposit rate, have been kept the same as before.
Oct 4, 2024 · The Post Office savings account interest rate is 4% and is fully taxable. However, no TDS is deducted on the same. Under the non-cheque facility, the minimum balance which is required to be maintained is Rs. 50/-
Interest rates in post office savings schemes range from 4% to 8% which is also risk-free and highly competitive with Banks. There is a minimal amount of risk involved as this is regulated by the Government of India.
* ATM/Debit Cards can be issued to Savings Account holders( having prescribed minimum balance on the day of issue of card) of CBS Post offices. Rate of interest 4% per annum
Annual Interest Rates. Frequency of Pay-out. Regular Savings Account. Balance up to INR 1 Lakh - 2.00% per annum. Balances above INR 1 Lakh & up to INR 2 Lakh – 2.25% per annum. Quarterly*. Basic Savings Account.
Oct 4, 2024 · Currently, an individual earns interest at the rate of 4% on their account balance. The interest is calculated monthly and credited annually into the account. Interest rates for Post Office Savings Accounts are decided by the Reserve Bank of India. Features & Benefits of Post Office Savings Account.
