By: Ministry of CommunicationsFor: Everyone

New Post Office Savings Scheme Interest Rate Table [1 April 2020 to 30 June 2020]

पोस्ट ऑफिस सेविंग स्कीम्स की नयी ब्याज दरें 1 अप्रैल 2020 से 30 जून 2020 अवधि के लिए

Check New Interest Rates on Post Office Saving Schemes like PPF, KVP, SCSS, RD, TD, NSC & MIS for 1 April to 30 June 2020 in PO Interest Rates Table

हिंदी में पढ़ें April 1, 2020 | UPDATED ON: April 1, 2020
सभी पोस्ट ऑफिस सेविंग्स स्कीम्स के लिए 1 अप्रैल 2020 से 30 जून 2020 अवधि तक की नयी ब्याज दरें सरकार द्वारा घोषित, चेक करें की पब्लिक प्रोविडेंट फण्ड (PPF), किसान विकास पत्र (KVP), सीनियर सिटीजन्स सेविंग स्कीम (SCSS), रेकरिंग डिपाजिट (RD), टर्म / फिक्स्ड डिपाजिट (TD), नेशनल सेविंग्स सर्टिफिकेट (NSC) & मंथली इनकम स्कीम (MIS) में जमा करने से क्या लाभ होगा
Post Office Savings Schemes Interest Rate April June 2020

Central govt. has revised Post Office Saving Schemes Interest Rates for 1 April 2020 to 30 June 2020 quarter. The new interest rates on post office schemes has been reduced for this quarter. Check the new interest rates for Time Deposit (TD), Public Provident Fund (PPF), Sukanya Samriddhi account, Senior Citizen Savings Schemes (SCSS), Recurring Deposit (RD), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Monthly Income Scheme (MIS), PO Savings Deposit Account Schemes.

Interest rates of all popular savings scheme run by the Post Office are revised on a quarterly basis. People can check the post office saving scheme new interest rates table 2020 which shows the current rate of interest for various post office schemes applicable for 1 April 2020 to 30 June 2020 duration.

In the recent notification by Finance Ministry, interest rate on all Post Office Saving Schemes have been reduced. The government recently changed a few rules for PPF accounts for the benefit of account holders. Accordingly, people can now check the new interest rates for all post office savings schemes.

Post Office Interest Rates Table (1 April to 30 June 2020)

Here is the complete table showing the current rate of interest for post office savings scheme applicable from 1 April 2020 to 30 June 2020:-

Post Office Savings Scheme NameInterest Rate for 1 April to 30 June 2020Compounding FrequencyDescription about Post Office Scheme
Savings Deposit Scheme Account4%AnnuallyPost Office Savings Bank Account (PO-SB) Scheme Details
1 Year Time Deposit5.5%QuarterlyPO Fixed / Time Deposit (TD) Scheme Account Details
2 Year Time Deposit5.5%Quarterly
3 Year Time Deposit5.5%Quarterly
5 Year Time Deposit6.7%Quarterly
Recurring Deposit (5 years)5.8%QuarterlyPO Recurring Deposit Account (RD) Details
Senior Citizen Savings Scheme (5 years)7.4%Quarterly & PaidSenior Citizens Savings Scheme Account Details
Monthly Income Scheme Account (5 years)6.6%Monthly & PaidMonthly Income Scheme (MIS) Account Details
National Savings Certificate (5 years)6.8%AnnuallyNational Savings Certificate Scheme Details
Public Provident Fund Scheme7.1%AnnuallyPPF Post Office Account Details
Kisan Vikas Patra6.9% (maturity in 113 months)AnnuallyKVP Scheme Account Details
Sukanya Samriddhi Account Scheme7.6%AnnuallySSA Account Details

To get more details on Post Office Savings Schemes, visit the official website indiapost.gov.in. Despite the low interest rates of Post Office Saving Schemes, these instruments are still attractive for investors who want to invest in safe products.

Reduction in PO Savings Scheme Interest Rate

In this Post Office Interest Rates Table April to June 2020, it is quite clear that the rate of interest for all post office saving schemes are reduced. Interest Rates on PPF is 7.1%, KVP at 6.9% (maturity in 124 months), Sukanya Samriddhi Account at 7.6%, NSC at 6.8%, MIS at 6.6%, SCSS at 7.4%, RD at 5.8% and Savings deposit still remains at 4%. The decision is to reduce interest rates on post office savings scheme is taken in the wake of growing concern for Coronavirus pandemic.

Previously, RBI had reduce the repo and reverse repo rates which significantly reduces burden on people. This decision is further taken to ensure economic security in this fight against COVID 19. People can compare all post office savings schemes before making investment in these instruments run by the government.

SAVE AS PDF Sarkari Yojana App - Download Now Source / Reference Link: https://www.ndtv.com/business/ppf-other-small-savings-scheme-interest-rate-small-savings-scheme-rates-cut-for-june-quarter-2203953
Karan Chhabra at Sarkari Yojana
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