Central govt. announces the revision of interest rates for all Post Office Small Savings Schemes for 3rd quarter of FY 2018-19. The revised interest rates will remain valid for all post office saving schemes for the duration of 1st October 2018 to 31st December 2018. Here we are providing you the complete post office saving schemes interest rates table 2018.
It is important to note that all the new interest rates in table for 3rd quarter are higher than the previous interest rates (2nd quarter). Now with increased interest rates, people can easily compare all post office savings schemes, analyse them and earns higher rate of interest.
Post Office Schemes such as Recurring Account (RD), Time Deposit (TD), National Savings Certificate (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), Post Office Savings Bank (PO-SB) and Monthly Income Scheme (MIS) immensely benefit a large section of population.
New Interest Rates of Post Office Saving Schemes
Post office schemes offers small savings options and tax benefits to people especially from middle and lower middle class. Complete table showing the interest rates of various post office small saving scheme is given below:-
|Name of Post Office Saving Scheme||Rate of interest (1 July 2018 to 30 September 2018)||Rate of interest (1 October 2018 to 31 December 2018)||Compounding frequency|
|Savings Account Deposit||4%||4%||Annually|
|Recurring Deposit (RD)||6.9%||7.3%||Quarterly|
|Senior Citizen Savings Scheme (SCSS)||8.3%||8.7%||Quarterly and paid|
|Monthly Income Scheme (MIS) Account||7.3%||7.7%||Monthly and paid|
|National Savings Certificate (NSC)||7.6%||8%||Annually|
|Public Provident Fund (PPF) Scheme||7.6||8%||Annually|
|Kisan Vikas Patra (KVP)||7.3% (will mature in 118 months)||7.7% (will mature in 112 months)||Annually|
|Sukanya Samriddhi Account Scheme (SSA)||8.1%||8.5%||Annually|
|1 Year Time Deposit (TD) Account||6.6%||6.9%||Quarterly|
|2 Year Time Deposit (TD) Account||6.7%||7.0%||Quarterly|
|3 Year Time Deposit (TD) Account||6.9%||7.2%||Quarterly|
|5 Years Time Deposit (TD) Account||7.4%||7.8%||Quarterly|
For more details of the post office savings schemes, visit the official link –