{"id":1138,"date":"2011-12-20T05:21:05","date_gmt":"2011-12-19T23:51:05","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1138"},"modified":"2013-02-26T21:17:09","modified_gmt":"2013-02-26T15:47:09","slug":"interest-rates-for-small-savings-schemes-govt-of-india","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/interest-rates-for-small-savings-schemes-govt-of-india\/","title":{"rendered":"Interest Rates for Small Savings Schemes &#8211; Govt. of India"},"content":{"rendered":"<p style=\"text-align: justify;\">Recently\u00a0Government of India has revised interest rates and maturity periods for its small saving schemes. These small saving schemes include &#8211; <strong>Post Office Savings Account,\u00a0\u00a0Post Office Recurring Deposit,\u00a0Monthly Income Account Scheme,\u00a0Post Office Time Deposit, NSC, PPF, KVP, Senior citizens savings scheme<\/strong> and more. The post below briefs about all these schemes.<\/p>\n<p style=\"text-align: justify;\"><strong>Post Office Savings Account (POSA)<\/strong><\/p>\n<ul>\n<li>Interest Rates increased from 3.50% to 4.00% per annum<\/li>\n<li>Tax free interest upto Rs. 3500 in single account &amp; Rs. 7000 in joint account in a year<\/li>\n<li>No limit on maximum deposit<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Post Office Recurring Deposit (PORD) (5 Years)<\/strong><\/p>\n<ul>\n<li>Deposit Rs 10 per month for 5 years and get Rs. 738.62 on maturity<\/li>\n<li>Interest Rate increased from 7.50% to 8.00%<\/li>\n<li>No limit on maximum deposit<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Monthly Income Account Scheme \u00a0(MIS) (5 Years)<\/strong><\/p>\n<ul>\n<li>Interest Rate increased from 8.0% to 8.2% p.a.<\/li>\n<li>Maturity period reduced from 6 years to 5 years<\/li>\n<li>Maximum limit of deposit in single account is Rs. 4.5 Lakh and in Rs. 9 Lakh in joint account<\/li>\n<li>Bonus payable on maturity is discontinued on accounts opened on or after December 1, 2011. No effect on accounts opened before this date<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Post Office Time Deposit (POTD) (1 &#8211; 5 Years)<\/strong><\/p>\n<ul>\n<li>No limit on maximum deposit<\/li>\n<\/ul>\n<table border=\"1\" cellspacing=\"1\" cellpadding=\"5\">\n<tbody>\n<tr align=\"center\" valign=\"middle\">\n<td rowspan=\"2\"><strong>Period\u00a0<\/strong><strong>(Years)<\/strong><\/td>\n<td colspan=\"2\"><strong>Interest Rates (p.a.)<\/strong><\/td>\n<td rowspan=\"2\"><strong>Maturity Amount for Rs 100\u00a0<\/strong><strong>(Rs.)<\/strong><\/td>\n<\/tr>\n<tr align=\"center\" valign=\"middle\">\n<td><strong>Old<\/strong><\/td>\n<td><strong>New<\/strong><\/td>\n<\/tr>\n<tr align=\"center\" valign=\"middle\">\n<td>1<\/td>\n<td>6.25%<\/td>\n<td>7.70%<\/td>\n<td>107.93<\/td>\n<\/tr>\n<tr align=\"center\" valign=\"middle\">\n<td>2<\/td>\n<td>6.50%<\/td>\n<td>7.80%<\/td>\n<td>116.71<\/td>\n<\/tr>\n<tr align=\"center\" valign=\"middle\">\n<td>3<\/td>\n<td>7.25%<\/td>\n<td>8.00%<\/td>\n<td>126.82<\/td>\n<\/tr>\n<tr align=\"center\" valign=\"middle\">\n<td>5<\/td>\n<td>7.50%<\/td>\n<td>8.30%<\/td>\n<td>150.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Deposits upto Rs 1 Lakh for 5 Years are deductible under section 80C of the IT Act 1961<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>5-Year National Savings Certificate (NSC) (VIII Issue)<\/strong><\/p>\n<ul>\n<li>Interest rate increased from 8.2% to 8.4% p.a.<\/li>\n<li>Maturity period reduced from 6 years to 5 years<\/li>\n<li>Rs. 100 would become Rs. 150.9 in 5 years<\/li>\n<li>No limit on maximum deposits<\/li>\n<li>Deposits upto Rs 1 Lakh are deductible under section 80C of the IT Act 1961<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Senior Citizens Saving Scheme (SCSS) (5 Years)<\/strong><\/p>\n<ul>\n<li>Maximum limit of deposit in single\/joint account Rs. 15 Lakh<\/li>\n<li>Interest rate of 9% p.a.<\/li>\n<li>Deposits upto Rs 1 Lakh are deductible under section 80C of the IT Act 1961<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Public Provident Fund (PPF) Scheme (15 years)<\/strong><\/p>\n<ul>\n<li>Interest rate incresed from 8.0% to 8.6%<\/li>\n<li>Maximum limit of deposit in a financial year increased from Rs. 70,000 to Rs. 1 Lakh<\/li>\n<li>Deposits upto Rs 1 Lakh are deductible under section 80C of the IT Act 1961<\/li>\n<li>Tax free interest<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>10 years National Saving Certificate (NSC) (IX issue)<\/strong><\/p>\n<ul>\n<li>New scheme with interest rate of 8.7% p.a.<\/li>\n<li>Rs. 100 would become Rs. 234.35 in 10 years<\/li>\n<li>No limit of maximum deposit<\/li>\n<li>Deposits upto Rs 1 Lakh are deductible under section 80C of the IT Act 1961<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Kisan Vikas Patra (KVP)<\/strong><\/p>\n<ul>\n<li>Discontinued from December 1, 2011<\/li>\n<li>No effect on existing certificate holders<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Where to invest?<\/strong><\/p>\n<ul>\n<li>All schemes available in more than 1.55 Lakh post offices<\/li>\n<li>PPF and Senior citizens savings scheme also available in select branches of 25 nationalised and other banks<\/li>\n<\/ul>\n<figure id=\"attachment_1139\" aria-describedby=\"caption-attachment-1139\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1139 \" alt=\"Post office small savings scheme\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-1024x781.png\" width=\"900\" height=\"686\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-1024x781.png 1024w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-300x229.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-170x129.png 170w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-284x216.png 284w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png 1941w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption id=\"caption-attachment-1139\" class=\"wp-caption-text\"><strong>Post office small savings scheme<\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Recently\u00a0Government of India has revised interest rates and maturity periods for its small saving schemes. These small saving schemes include &#8211; Post Office Savings Account,\u00a0\u00a0Post Office Recurring Deposit,\u00a0Monthly Income Account Scheme,\u00a0Post Office Time Deposit, NSC, PPF, KVP, Senior citizens savings scheme and more. The post below briefs about all these schemes. Post Office Savings Account [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[195,30,400,27,63,6],"tags":[201,258,255,257,254,253,256,26,34,465,259,36,1559],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png",1941,1482,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-300x229.png",300,229,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png",768,586,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme-1024x781.png",1024,781,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png",1536,1173,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png",1941,1482,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/12\/Post-office-small-savings-scheme.png",120,92,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":3,"uagb_excerpt":"Recently\u00a0Government of India has revised interest rates and maturity periods for its small saving schemes. These small saving schemes include &#8211; Post Office Savings Account,\u00a0\u00a0Post Office Recurring Deposit,\u00a0Monthly Income Account Scheme,\u00a0Post Office Time Deposit, NSC, PPF, KVP, Senior citizens savings scheme and more. The post below briefs about all these schemes. Post Office Savings Account&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1138"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=1138"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/1139"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=1138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=1138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=1138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}