Post Office savings scheme: The Post Office Savings Bank offers a lot of schemes and benefit to customers. Save a little today, know the interest rate, perks, and how it will assist you in tax saving. keep reading: 

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Post Office Savings Account:

-  The interest rate offered on Post Office Savings Account is 4.0% per annum on the individual/joint accounts. A minimum of Rs 20/- is needed for opening the the account. The minimum balance to be maintained in a non-cheque facility account is Rs 50. Cheque facility is available if an account is opened with Rs 500 and for this purpose minimum balance of Rs 500/-in, an account is to be maintained. 
Post Office 5-Year Post Office Recurring Deposit Account (RD)

The interest rate on  5-Year Post Office Recurring Deposit Account are as follows 

-7.3% per annum (quarterly compounded)
-On maturity Rs 10/- account fetches Rs 725.05. The account can be continued for another five years on year to year basis.
 
The minimum amount for the opening of the account is Rs 10 per month or any amount in the multiple of Rs 5 and there is no maximum limit. The account can be opened by cash/cheque. Nomination facility is available at the time of opening and also after the opening of the account. This  account can also be opened in the name of a minor of 10 years and above and joint account can be opened by two adults.

Post Office Time Deposit Account (TD)
 
Interest payable annually but calculated quarterly and the ROIs are as follows:
 
Period    Rate
1 year.A/c    6.9%
2 year.A/c    7.0%
3 year.A/c    7.2%
5 yearr.A/c    7.8%
 
Minimum amount of Rs 200 for opening and in multiple thereof is needed. The account can be opened in the name of a minor above the age of 10 years. Joint account can be opened by two adults and a single account can be converted into joint and vice versa.

Post Office Monthly Income Scheme Account (MIS)
 
The interest rates are like 7.3% per annum payable monthly. Minimum Amount for the opening of account is in multiples of Rs 1500 and maximum investment limit is Rs 4.5 lakh in a single account and Rs 9 lakh in a joint account. The maturity period is 5 years.

Post Office Senior Citizen Savings Scheme (SCSS)

The interest rate is 8.7% per annum which is to be paid from the date of deposit of 31st March, 30th Sept or 31st December. Rs 1000 is the minimum amount that can be deposited and the maximum amount should not exceed Rs 15 lakh. The maturity period for this scheme is 5 years.

Post Office Public Provident Fund Account (PPF)

The interest rate on Post Office Public Provident Fund Account (PPF) is 8% per annum and the minimum amount to be deposited is Rs 500 and the maximum is Rs 1,50,000. You can deposit it altogether or in 12 instalments. You can open an account with Rs 100 but have to deposit a minimum of Rs 500 in a financial year and maximum of Rs1,50,000. Also, a Joint account cannot be opened under this category.

Post Office National Savings Certificates (NSC)

The interest on NSCs is is 8% per annum but is payable only at maturity. A minimum deposit of Rs. 100 and in multiples of Rs. 100 is needed and there is no maximum limit. A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or by a minor. To your benefit, deposits qualify for tax rebate under Sec. 80C of IT Act.

Post Office 5 Years National Savings Certificate (VIII Issue)

- The rate of return is Rs100 and grows to Rs 146.93 after 5 years. The minimum and maximum deposit are the same as above.

Post Office Kisan Vikas Patra (KVP)

The interest rate is 7.7% compounded annually and the amount invested doubles in 112 months (9 years & 4 months). A minimum amount of Rs 1000 and in multiples of Rs. 1000 is allowed. You can purchase the certificate if you're an adult yourself or on behalf of a minor from any Departmental Post office.

Post Office Sukanya Samriddhi Accounts

The current rate on Post Office Sukanya Samriddhi Accounts interest rate is 8.5% per annum. A minimum deposit of Rs 1000 and a Maximum amount of Rs 1,50,000 in a financial year is allowed. If you're a legal Guardian or natural guardian, you can open an account in the name of a girl child and maximum two accounts can be opened in the name of two different girl children.