New Post Office Savings Schemes Interest Rate Table [1 July 2020 to 30 September 2020]

Check New Interest Rates on Post Office Saving Schemes like PPF, KVP, SCSS, RD, TD, NSC & MIS for 1 July to 30 September 2020 in PO Interest Rates Table पोस्ट ऑफिस सेविंग स्कीम्स की नयी ब्याज दरें 1 जुलाई 2020 से 30 सितम्बर 2020 अवधि के लिए
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सभी पोस्ट ऑफिस सेविंग्स स्कीम्स के लिए 1 जुलाई 2020 से 30 सितम्बर 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

Central govt. has revised Post Office Savings Schemes Interest Rates for 1 July 2020 to 30 September 2020 quarter. The new interest rates on post office schemes has been kept unchanged 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 savings schemes new interest rates table 2020 which shows the current rate of interest for various post office schemes applicable for 1 July 2020 to 30 September 2020 duration.

In the recent notification by Finance Ministry, interest rate on all Post Office Savings Schemes have been kept unchanged. 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 Savings Schemes Interest Rates Table (1 July to 30 Sep 2020)

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

Post Office Savings Scheme NameInterest Rate for 1 July to 30 September 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%YearlyNational Savings Certificate Scheme Details
Public Provident Fund Scheme7.1%YearlyPPF Post Office Account Details
Kisan Vikas Patra6.9% (maturity in 10 years 4 months)YearlyKVP Scheme Account Details
Sukanya Samriddhi Account Scheme7.6%YearlySSA 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.

Unchanged PO Savings Scheme Interest Rate

In this Post Office Interest Rates Table July to September 2020, it is quite clear that the rate of interest for all post office saving schemes have been kept unchanged. It is quite clear in the image below:-

Post Office Saving Schemes Interest Rate Second Quarter 2020-21
Post Office Saving Schemes Interest Rate Second Quarter 2020-21

Interest Rates on PPF is 7.1%, KVP at 6.9% (maturity in 10 years 4 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 for unchanged interest rates on post office savings scheme is taken as the Coronavirus (COVID-19) unlock phase 2 starts on 1 July 2020.

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