The interest rate of 7.3% per annum is given. Latest Post Office interest rates on FD for 1 to 4 years is 5.5%. I am thinking to invest in kisan vikas patra as it will double the amount. 3) Post Office interest rates on FD – 2 Years – 5.5%. However, as the interest rate changes on a quarterly basis. I don’t need the money in any specific year coming. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." The Post Office MIS Interest Rate for 2020 (Jan to Mar) are 7.6%. Minimum Rs.1,000 and in multiples of Rs.100. Just to recap quickly, in the first quarter of FY 2020-21, there was a huge reduction in interest rates of all saving schemes of Post Office. This scheme offers 7.4% Interest Rate (effective from 1 Oct 2020) and can be determined with the help of senior citizen savings scheme calculator. Sir, my intension is to invest in a way to increase as much as I can. Fixed: A fixed rate of interest does not fluctuate and remains the same through out the lifetime of a savings account. 10 for 6 month and Rs. 2) Post office recurring Deposits: Post office RD tenure is 5 years. Post office RD is a monthly investment option for a fixed period of 5 … Very Nice…And Informative Post..Keep Sharing Sir ..Dhanyawad, Your email address will not be published. Post Office Fixed Deposit can be opened offline by cash or cheque. RD interest rates shown on this page is updated every three months. Such interest rate makes it one of the most preferred investment options available. Best Recurring Deposit Interest Rates 2020 Interest rates on recurring deposit keep on changing from time to time. Dear Dimple, Sorry to question again. What are the latest Post Office interest rates on FDs, MIS, SCSS, NSC, KVP, PPF and SSY Schemes? Posted By: Deal4loans on: July 29, 2016 In: Interest Rates No Comments. As with all other Small Saving Schemes like PPF, SCSS, Post Office RD, POMIS rates are also declared every quarter. However, for SBI, the interest rates vary from tenure to tenure. While there is no maximum limit, investment up to Rs 1.5 Lakhs in a financial year qualifies for income tax deduction u/s 80c. 7) Senior Citizens Saving Scheme (SCSS): Any individual who is 60 years and above can open SCSS. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. 2 Year FD – 6.9%. The trend of Post Office Interest Rates from April 2019 to April 2020. If the interest payable every month is not claimed by the account holder such interest shall not earn any additional interest. Hindi Business News ₹100 बचाकर भी खड़ी कर सकते हैं मोटी पूंजी, रिटर्न के साथ मिलेगी सरकारी गारंटी ... 2020. Ministry of Finance (MoF) has announced the latest post office rates for the period January to March, 20201. 5 unknown facts about Sukanya Samriddhi Yojana (Account) Rules, Latest NPS exit and withdrawal Rules 2021. This is really a shocking to all those who are completely relying on Post Office Saving Schemes. Single account can be converted into Joint and Vice Versa . Post office RD interest rate is comparable and more or less same compared to major commercial banks. Minimum of Rs.1,000 and in multiples of Rs.100. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO’s, NCD Bonds, Insurance products. I am providing the links to those earlier posts below. 10 Mutual Fund Investment Plans for Steady Income, 40+ Profitable Agriculture Business Ideas in India, 200 Good Small Scale Business Ideas with Low Investment, 20+ Future Business in India for 2025 | Future Business Ideas for 2030 and beyond, Top 10 Most Profitable Business in India with Low Investment. Interest can be drawn through auto credit into savings account standing at same post office,orECS./In case of MIS accounts standing at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post offices. 7.35% Equitas Small Finance Bank Fixed Deposits – Should you invest? PPF Investment and Deposit Rules – Beware your Banks are unaware of it! I have a only sister. Post Office Recurring Deposit . January to March 2020, the rates were kept unchanged. Who is NRI as per FEMA and Income Tax Act? Online deposit in Post Office PPF, Sukanya Samridhi, RD – How to do? 2) Post Office interest rates on FD – 1 Year – 5.5%. Open an RD account today! One can invest a minimum of Rs 1,000 and maximum of Rs 4.5 lakhs for a single account. He has been analyzing financial markets in the last 20 years.He can be reached at suresh@myinvestmentideas.com. 100. On completion of the fixed tenure of five years, RD account with rs 10,000 invested every month will deliver you Rs, 72,051. What are the features of post office schemes? India Post offers interest rate to the tune of 7 - 7.8% on term deposits . Dear Siddhartha, Without knowing your financial life, how can I say that it’s enough? Premature closure is allowed after three years from the date of opening of the account. Post Office Savings Scheme Interest Rates on PPF, FD, RD, NSC, KVP January 2, 2020 admin Leave a Comment Post Office Savings Scheme Interest Rates on Post Office Saving Deposit, Public Provident Fund (PPF), Fixed Deposit (FD), Recurring Deposit (RD), National Savings Certificate (NSC), Kisan Vikas Patra (KVP) 1 year to less than 2 years - 4.9% Your email address will not be published. Axis Bank’s Recurring Deposit interest rate (compounded quarterly) gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding. Posted By: Deal4loans on: July 29, 2016 In: Interest Rates No Comments. Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer. The trend of Post Office Interest Rates from April 2019 to April 2020. Dear Dimple, If you need the money after 10-15 years, then why an 8-year product? 4.5 Lakh). Latest Post Office Interest Rates Oct – Dec 2020. My age is now 45 years. 39 Year Multimillionaire’s Tesla stock value is Rs.83 CRORE – What we can learn? National Saving / Small Saving Schemes Calculator. 2)  Post Office interest rates on FD – 1 Year – 5.5%, 3)  Post Office interest rates on FD – 2 Years – 5.5%, 4)  Post Office interest rates on FD – 3 Years – 5.5%, 5)  Post Office interest rates on FD – 5 Years – 6.7%, 7)  5 Year Senior Citizen Savings Scheme interest rate – 7.4%, 10)  PPF in post office interest rate – 7.1%, 12)  Sukanya Samriddhi Account rate – 7.6%, Trend of Post Office Interest Rates Table in last 8 quarters. PPF in post office interest rate is 7.1%, which is compounded annually and paid on maturity. Like Bank Account, Post Office also offers you the savings account to its customers. The maturity period also varies once in a quarter. Post Office Saving Scheme 2021: PPF, NSC, FD, RD, MIS Interest Rate November 4, 2020 November 4, 2020 by wp admin Post Office Saving Scheme provides a number of the money-saving schemes in each and every branch of the post office in the country. FD Interest Rates: For the quarter ending September 30, India Post provides a 5.5-6.7% return on FDs. Updated: August 10, 2020 6:05 pm IST. Post Office RD Plan 2020 and Post Office Recurring Deposit scheme explained in Hindi. AER: AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. Your email address will not be published. I have own 100 years old house in kolkata. These rates are in turn determined as per the performance of government securities/bills. Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account. Let us hope for the best. MoF circulated notification on latest interest rates of post office. Latest NSC interest rate in … Post Office RD Interests Rates The rate of interest on a National Savings Recurring Deposit Account is 5.8% with effect from 1st April 2020. me, have written 1800+ articles on this Blog. Minimum balance to be maintained in an account is INR 500/- , if balance Rs. Pls advice if there is any other better scheme to increase the amount. You can also make partial withdrawals from Sukanya Samriddhi account based on certain T&C. If in any RD account, there is a monthly default amount, the depositor has to first pay the defaulted monthly deposit with default fee and then pay the current month deposit. The interest rate on PPF was reduced from 7.9 … Can be prematurely en-cashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. Account can be opened single, jointly, Minor (above 10 years of age), or a guardian on behalf of a minor. SBI RD interest rates vary between 5.80%-6.25% for general public and an additional interest rate hike of 50 basis points for senior citizens. How to download Home Loan Interest Certificate for Tax Proofs submission? Post Office RD Plan 2020 and Post Office Recurring Deposit scheme explained in Hindi. I already wrote a detailed post on this. Use this Recurring Deposit (RD) calculator to find out the Interest and Maturity you would earn through a Recurring Deposit offered by Indian Banks and Post Office. These should not be construed as investment advice or legal opinion.". Post office schemes / small saving schemes are considered as the safest investments as these are guaranteed by Govt of India. Account can be opened single, jointly, Minor (above 10 years of age) or a guardian on behalf of minor. Below is the interest rate … Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under Small Saving Schemes. Post Office Recurring Deposit. What are the latest post office interest rates applicable for January to March, 2021? The interest rate on PPF was reduced from 7.9 … PPF-When to contribute to get higher returns? Online Fund transfer between Post Office Savings Accounts/Stop Cheque/Transaction View facility is available through Intra Operable Netbanking/Mobile Banking. Post Office Term Deposit Interest Rate Post office term deposit par 1 se 3years ke liye 5.5% interest rate milega. (Discount means deduction from the deposit.). Updated: August 10, 2020 6:05 pm IST. Required fields are marked *. Home Interest Rates Highest RD Interest Rate June 2020 – SBI, HDFC, Lakshmi, Post Office. He is NISM Certified - Investment Adviser. What is the interest rate of Post Office RD? 6) The government decides the 5-year RD rate for Post Office. Invest up to 7 %, POMIS rates are in turn determined as per FEMA and income tax deduction 80c. Schemes with more functions and features and up-to-date interest rate milega advice there! 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