Recently Govt has decided to increase the Interest rates of post office deposit schemes and related to that the fixed deposit schemes under post office savings schemes has increased by 0.2%. Although not all savings schemes are not going to increase the interest rates. This new rates will apply from 1st April 2014 onward only. The current interest rate on fixed deposit scheme is 8.20% which is increased to 8.40% as per the new increment. Much popular post office savings scheme PPF (Public Provident Fund ) is not going to get any increment in interest rates with this change. Don’t Miss Top 5 best investment plans for beginners
Popular Post Office Savings Schemes Interest Rates
Here we will share the popular post office investment schemes with the current interest rates as per 2014-15 financial year.
Post Office Monthly Income Scheme (MIS) : 8.40% National Savings Certificate (NSC) : 8.50% (5 years ) and 8.80% (10 years)Public Provident Fund (PPF) : 8.70%Post Office Time Deposit Scheme : 8.40% (1,2,3 years) and 8.50% (5 years)Senior Citizen’s Savings Scheme : 9.20 % Post Office Savings Account : 4.00 %
So if you want to invest your money in a safe and risk free investment scheme then these post office savings schemes are the best one.