New Interest Rates on Post Office Saving Schemes (1 Jan 2019 upto 31 March 2019)

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Post Office small savings schemes rate of interest revised via notification dated 31 December 2018, check New Interest Rates on Post Office Saving Schemes like PPF, KVP, Sukanya Samriddhi Account, SCSS & Monthly Income Scheme for 1 January to 31 March 2019 in the post office interest rates table 2019

Dated: January 4, 2019 | Updated On: January 4, 2019 | By: Karan Chhabra | 839 Views | | By | Beneficiaries: |
New Interest Rates Post Office Schemes

Central govt. has revised the interest rate on post office time deposit (TD) scheme while the rate of interest of other Post Office Saving Schemes like Public Provident Fund (PPF), Sukanya Samriddhi account and Senior Citizen Savings Schemes (SCSS) unchanged. The new post office interest rates table 2019 shows the current rate of interest for various post office schemes applicable for 1st quarter i.e 1 January 2019 to 31 March 2019.

Interest rates of popular small savings schemes are currently revised by the govt. on a quarterly basis. In the recent notification by Finance Ministry dated 31 December 2018, interest rate on 1 year post office time deposit is hiked from 6.9% in previous quarter to 7% (compounding quarterly) for the January-March quarter. Moreover, the rate on 3 year time deposit account has been lowered from 7.2% to 7%.

Accordingly, the new interest rates for 2-year and 5-year post office time deposits have been kept unchanged at 7% and 7.8% respectively.

Post Office Interest Rates Table – 1st Quarter of FY 2019

Below is the complete table which shows the current interest rates for post office savings scheme applicable for 1st quarter i.e from 1 January 2019 to 31 March 2019. Moreover, this table will also compare the current post offices rate of interest with the previous quarter.

Post Office Savings Scheme NameInterest Rate for Previous Quarter (1 October 2018 to 31 December 2018)Rate of Interest for Current Quarter (1 January 2019 to 31 March 2019)Compounding FrequencyDescription about Post Office Scheme
Savings Deposit Scheme4.04.0AnnuallyPost Office Savings Bank Account (PO-SB) Details
1 Year Time Deposit6.97.0QuarterlyPO Fixed / Time Deposit Account (TD) Details
2 Year Time Deposit7.0Quarterly
3 Year Time Deposit7.2Quarterly
5 Year Time Deposit7.87.8Quarterly
Recurring Deposit (5 years)7.37.3QuarterlyPO Recurring Deposit Account (RD) Details
Senior Citizen Savings Scheme (5 years)8.78.7Quarterly & PaidSCSS Account Details
Monthly Income Scheme Account (5 years)7.77.7Monthly & PaidPO Monthly Income Scheme (MIS) Account Details
National Savings Certificate (5 years)8.08.0AnnuallyNSC Account Details
Public Provident Fund Scheme8.08.0AnnuallyPPF Account Details
Kisan Vikas Patra7.77.7AnnuallyKVP Account Details
Sukanya Samriddhi Account Scheme8.58.5AnnuallySSA Account Details

In this Post Office Interest Rates Table 2019, it is quite clear that the rate of interest for 5-year post office recurring deposit has been kept unchanged at 7.3%. Interest Rates on PPF, 5-years National Savings Certificate remains unchanged at 8% while 5-year Monthly Income Scheme Account still fetches 7.7%.

The interest rates on popular post office schemes like Senior Citizen Savings scheme (SCSS) and Sukanya Samriddhi account for girl child kept unchanged at 8.7% and 8.5% respectively for the January to March quarter. Reserve Bank of India (RBI) had hiked interest rates twice in FY 2018 and post office small savings schemes like PPF was benefited from the rate hikes. For more details on Post Office Savings Schemes, visit the official website

The central govt. had hiked interest rates on various small savings schemes including Public Provident Fund (PPF), Kisan Vikas Patra (KVP), National Savings Certificate, Monthly Income Scheme, Senior Citizen Savings Scheme (SCSS) and Sukanya Samriddhi Scheme (SSS) by 40 basis points (bps) for the October-December 2018 quarter. People can compare all post office savings schemes before making investment in these instruments. This hike makes these post office saving schemes attractive for investors who want to invest in safe products.

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