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Depositors can avail auto credit facility to get TD/MIS/SCSS interest directly into their PO Savings Account or auto credit RD deposit from PO Savings Account by submitting form (SB-83) at post office concerned.
Jul 27, 2024 · 8.2% is the rate of interest applicable in SCSS from 1st April 2023 to 31st March 2024. Can I have the option of withdrawing the amount before maturity under SCSS? Yes, you have an option of withdrawing the amount after 1 year of opening an account under SCSS.
POST OFFICE SAVINGS BANK SCHEMES. Interest Rates & Maturity Values Table (w.e.f. 01.07.2024 TO 30.09.2024) MATURITY VALUES * RD. For Deposit 100 x 60= 6,000, Interest 1,136.58, Total 7136.58. (After extension with deposit: 6 Year = 8871.09, 7 Year = 10724.75, . 8 Year = 12705.77, 9 Year = 14822.89, 10 Year =17085.46) 1 TD.
Sep 30, 2024 · Post office schemes interest rates for the October-December 2024 quarter. The government has announced that it will maintain the current interest rates for small savings schemes for the October-December 2024 quarter. This means that the existing rates will remain unchanged during this period.
Interest can be drawn through auto credit into savings account standing at same post office, through PDCs or Money Order. In case of SCSS accounts, quarterly interest shall be payable on 1st working day of April, July, October and January. It will be applicable at all CBS Post Offices.
Persons opening an SCSS account will receive interest on the deposited capital at the interest rate set by the government. From 01.01.2024, interest will be paid for the first time from the date of deposit on March 31, June 30, September 31, and December 31, and thereafter, they will receive quarterly interest on the deposited amount.
Nov 10, 2024 · 1. SCSS Interest Rate for 2024. Interest Rate: 8% per annum (as of April 2024) Payment Frequency: Quarterly (paid at the end of each quarter) Minimum Investment: ₹1,000. Maximum Investment ...
Dec 29, 2023 · As is evident from the table above, for the period from January 2024 to March 2024, the interest rate for Sukanya Samriddhi Account and 3 year post office fixed deposits has been hiked by up to 20 basis points to 8.2% and 7.1% respectively.
Oct 1, 2024 · As a result, the PPF will continue to earn an interest rate of 7.1% from October to December 2024. How are interest rates determined? Small savings schemes, offered through the post office, are backed by the central government and are considered a safe investment option.
For the October-December 2024 quarter, the Centre will keep interest rates for small savings schemes, such as Sukanya Samriddhi and PPF, unchanged, following the last revision on December 31,...
