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A Look at Interest Rates on Post Office Savings Schemes
There are different types of Small Savings Schemes, varies depending on the tenure. The various options under the scheme is suitable for different segments of the population.
Interest rates on small savings schemes are benchmarked to the average annual yield on Government Securities of comparable maturity with a suitable spread. This depends on the maturity and liquidity of the instruments. The interest rate are revised every 1stApril.
| S. No. | Scheme | Rate of Interest w.e.f. 01.04.2014 |
| 1 | Savings Deposit | 4.0% |
| 2 | 1year Time Deposit | 8.4% |
| 3 | 2year Time Deposit | 8.4% |
| 4 | 3year Time Deposit | 8.4% |
| 5 | 5year Time Deposit | 8.5% |
| 6 | 5year Recurring Deposit | 8.4% |
| 7 | 5year SCSS | 9.2% |
| 8 | 5year MIS | 8.4% |
| 9 | 5year NSC | 8.5% |
| 10 | 10year NSC | 8.8% |
| 11 | PPF | 8.7% |
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