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Post Offers Assured Returns; Check Interest Rate, Other Details

Post Office Schemes Interest Rates 2021: Public Provident Fund (PPF) offers 7.1 per cent interest rate.




New Delhi: Post office is offering several schemes. These post office schemes provide a stable interest rate and assured returns. PPF, Sukanya Samriddhi, Post Office Savings, Kisan Vikas Patra (KVP) among others are some of the popular savings schemes offered by Post Office.Also Read: LIC Bima Jyoti: Key features, benefits, all you need to know about the new policy




  • Post Office Savings Account (SB)​​​​: Post Office Savings scheme offers an annual interest rate of 4 per cent. Post Office Savings Account can be opened with Rs 500.
  • Under section of 80TTA of the Income Tax Act, from all Savings Bank Accounts, interest up to Rs 10,000 earned in a Financial Year is exempted from taxable Income.
  • Public Provident Fund Account (PPF): Public Provident Fund (PPF) offers 7.1 per cent interest rate.
  • PPF Deposits qualify for deduction under section 80C of Income Tax Act. Interest earned is tax free under Income Tax Act.
  • Sukanya Samriddhi Account (SSA): ​Sukanya Samriddhi offers a rate of interest of 7.6 per cent per annum. You can invest minimum of Rs 250 and maximum of Rs 1.5 lakh in a financial year.
  • Deposits qualify for deduction under section 80C of Income Tax Act. Interest earned is tax free under Income Tax Act.
  • National Savings Certificates: National Savings Certificates (NSC) offers 6.8 per cent. Deposits qualify for deduction under section 80C of Income Tax Act.
  • Kisan Vikas Patra (KVP): Kisan Vikas Patra offers 6.9 per cent compounded annually. Kisan Vikas Patra will mature in 124 months.
  • Senior citizen savings scheme offers 7.4 per cent (quarterly interest of Rs 185 on Rs 10,000 deposit).
  • Post office monthly income account offers 6.6 per cent.
Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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