Earn Up to 8.2% Interest, Top Post Office Savings Plans You Must Check

There are many grand investment schemes available in the post office for women, children, ordinary people, and senior citizens. These include schemes like Term Deposits, Senior Citizen Savings Certificates, and Sukanya Samriddhi Accounts. In these schemes, investors get a guarantee of fixed returns, due to which these schemes have become a safe and reliable option among investors. The government changes the interest rates of post office schemes every three months.

Post Office Time Deposit Scheme

The Post Office Time Deposit Scheme, also known as Post Office Fixed Deposit, has 4 options. Investors can invest for 1 to 5 years according to their financial goals. The interest rate on this scheme ranges from 6.9% to 7.5%. FDs maturing in 1 year are getting 6.9% interest, 7% in 2 years, 7.1% on 3 years and 7.5% on 5 years.

Post Office Recurring Deposit Scheme

In the Post Office Recurring Deposit (RD) scheme, you can deposit small amounts like SIP. This scheme is for 5 years, i.e. maturity occurs 5 years after opening the account. It can be extended for 5 more years. The interest rate on Post Office RD for January-March 2025 is 6.7%, which was increased from 6.5% in October-December 2023.

Senior Citizen Savings Scheme

The Senior Citizen Savings Scheme (SCSS) of the post office is getting 8.2% interest every quarter. This interest rate was increased from 8% to 8.2% in April 2023 and is still applicable. The minimum deposit amount in this scheme starts from Rs 1000 and investors can invest up to Rs 30 lakh.

Monthly Income Account

The interest rate on the Post Office Monthly Income Scheme (MIS) for January-March 2025 is 7.4%, which was increased from 7.1% in April 2023. In this scheme, investors get interest every month, which is paid at the end of the month from the time of opening the account till maturity. This interest is taxable, and the government changes the interest rate every quarter.

National Savings Certificate

The National Savings Certificate (NSC) scheme of the post office is currently getting 7.7% interest, which was increased from 7% in April 2023. This rate is applicable till January-March 2025. The maturity of NSC is 5 years, in which the interest is compounded annually, but it is paid at the time of maturity.

Public Provident Fund Scheme

The Public Provident Fund (PPF) scheme of the post office is getting 7.1% annual interest for the January-March 2025 quarter. This rate was reduced from 7.9% to 7.1% in April 2020 and is applicable till date. Interest in PPF is compounded annually. After the completion of 5 years, investors can make 1 withdrawal in a financial year. PPF account is tax-free up to Rs 1.5 lakh.

Kisan Vikas Patra

The annual interest rate on Post Office Kisan Vikas Patra for January-March 2025 is 7.5 percent. The maturity period of this scheme is 115 months. The government had reduced the maturity period from 10 years i.e. 120 months to 115 months in April 2023. Interest on the KVP account is compounded annually.

Mahila Samman Savings Certificate

The annual interest rate on the Post Office Mahila Samman Savings Certificate Scheme for the January-March 2025 quarter is 7.5%. This scheme is specially designed for women, in which safe and good interest is available. This scheme is for 2 years and the last date to invest in it is till March 2025. That is, now only one week is left. In Budget 2025, the government has not made any proposal regarding the extension of this scheme, due to which it is being speculated that this scheme may be closed after March 2025.

Sukanya Samriddhi Scheme

The interest rate on the Post Office Sukanya Samriddhi Account Scheme for January-March 2025 is 8.2%. The government had increased this interest rate from 8% to 8.2% in January 2025. The interest on this account is compounded annually.