9 Schemes Of The Post Office – New Update


Post Office Investment Schemes have long been regarded as a reliable haven for common people seeking secure and credible investment options. These schemes, managed by the National Savings Institute under the Union Ministry of Finance, have consistently attracted investors due to their attractive interest rates and the backing of the government. This essay explores the various types of deposits available from the post office, each tailored to meet specific investment goals. As we delve into the details of these schemes, we will uncover their benefits and the interest rates offered during the July-September quarter.

1. Post Office Savings Account: A Steady Foundation

Similar to bank savings accounts, Post Office Savings Accounts provide investors with a stable and easily accessible avenue for saving money. The interest rate of 4 percent per annum makes it a viable choice for those looking to park their funds with a focus on liquidity and security. Although the interest earned is fully taxable like regular savings accounts, the advantage lies in the fact that tax at source is not deducted from these accounts, enabling investors to have more control over their earnings.

2. Post Office Recurring Deposit Account: Building Wealth Gradually

The Post Office Recurring Deposit Account is an excellent option for investors looking to build wealth gradually over time. With a tenure of 5 years and an attractive interest rate of 6.5 percent, investors can deposit as little as Rs. 100 per month. The interest is compounded quarterly, ensuring that the wealth grows steadily and consistently over the investment period.

3. Post Office Time Deposit: Stability and Attractive Returns

Post Office Time Deposit schemes, akin to bank fixed deposits, provide investors with stability and attractive returns. Available in four tenures ranging from 1 to 5 years, these deposits offer interest compounded quarterly, making them a popular choice among risk-averse individuals. The interest rates for one, two, and three-year deposits are 6.9 percent and 7 percent, respectively. For a longer-term commitment of five years, investors can earn an impressive 7.5 percent interest, which surpasses leading banks’ offerings.

4. Post Office Monthly Income Scheme: Regular Income with Low Risk

The Post Office Monthly Income Scheme caters to risk-averse investors seeking a regular income stream. Offering a current interest rate of 7.40 percent and a five-year duration, this scheme provides a low-risk investment avenue. The flexibility to deposit up to 9 lakhs in an individual account and up to 15 lakhs in a joint account makes it a viable option for a wide range of investors.

5. Senior Citizen Savings Scheme: Securing Retirement with Attractive Returns

Senior citizens can find security in the Senior Citizen Savings Scheme, designed exclusively for them. With an attractive interest rate of 8.2 percent and the flexibility to invest up to Rs 30 lakhs as a one-time investment, this scheme provides financial security during retirement. The quarterly interest income adds to its appeal, making it a preferred choice for elderly investors.

6. Public Provident Fund: Long-term Tax-Exempt Investment

The Public Provident Fund (PPF) is a long-term investment scheme with a 15-year tenure. Offering full tax exemption on the investment, the PPF currently yields a competitive 7.10 percent interest rate. The annual investment limit of Rs 1.50 lakh ensures that investors can plan their long-term financial goals with tax benefits.

7. National Savings Certificate: A Secure Fixed Deposit Alternative

The National Savings Certificate (NSC) provides investors with the security of a fixed deposit while offering an attractive interest rate of 7.7 percent compounded annually. The added benefit of tax exemption on investments up to Rs 1.50 lakh makes it an appealing choice for risk-averse individuals seeking steady returns.

8. Kisan Vikas Patra: Doubling Investments with Time

The Kisan Vikas Patra (KVP) is a unique investment scheme that doubles the invested amount over a fixed tenure of 123 months. With an interest rate of 7.5 percent per annum, investors can rest assured that their investments will grow substantially during the term. This scheme appeals to those looking for a safe and doubling investment opportunity.

9. Sukanya Samriddhi Yojana: Empowering Girls’ Future

Sukanya Samriddhi Yojana is an empowering investment scheme for girls under 10 years of age. With an attractive interest rate of 8 percent and fully tax-exempt investments of up to Rs 1.50 lakh, this scheme ensures a secure and prosperous future for young girls. The 21-year tenure allows ample time for the investment to grow and mature.


Post Office Investment Schemes have consistently earned the trust of common investors due to their credibility, government backing, and attractive interest rates. From the stable Post Office Savings Account to the empowering Sukanya Samriddhi Yojana, these schemes cater to various investment goals and risk appetites. The quarterly review of interest rates ensures that investors can benefit from changing market conditions. As a result, Post Office Investment Schemes remain a reliable and sought-after choice for investors seeking secure and rewarding opportunities to grow their wealth over time.

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