Post Office Interest Rates from April 2024 to June 2024

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For more than 150 years, the Department of Posts (DoP) has been the backbone of the country’s communication and has played a crucial role in the country’s social economic development. It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc. The DoP also acts as an agent for Government of India in discharging other services for citizens such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage disbursement and old age pension payments. With more than 1,55,000 post offices, the DoP has the most widely distributed postal network in the world.

Post office also offers attractive interest rates on different schemes as below:

Current Interest Rates:

Sl.No.InstrumentsRate of interest Compounding Frequency*
01.Post Office Savings Account​​4.0Annually
02.1 Year Time Deposit6.9
(Annual Interest ₹708 for ₹10,000/-)
Quarterly
03.2 Year Time Deposit​​7.0
(Annual Interest ₹719 for ₹10,000/-)
Quarterly
04.3 Year Time Deposit​​7.1
(Annual Interest ₹719 for ₹10,000/-)
Quarterly
05.5 Year Time Deposit7.5
(Annual Interest ₹771 for ₹10,000/-)
Quarterly
06.5 Year Recurring Deposit Scheme​​6.7Quarterly
07.Senior Citizen Savings Scheme​​8.2
(Quarterly Interest ₹205 for ₹10,000/-)
Quarterly and Paid
08.Monthly Income Account​​7.4
(Monthly Interest ₹62 for ₹10,000/-)
Monthly and paid
09.National Savings Certificate (VIII Issue)7.7
(Maturity Value ₹14,490 for ₹10,000/-)
Annually
10.Public Provident Fund Scheme​​7.1Annually
11.Kisan Vikas Patra​​7.5
(will mature in 115 months)
Annually
12.Mahila Samman Savings Certificate​​7.5
(Maturity Value ₹11,602 for ₹10,000/-)
Quarterly
13.Sukanya Samriddhi Account Scheme​​8.2​Annually
Interest rates are reviewed every quarter by the Government for these schemes and are updated as on April 2024.

Below are past Interest rate history of Post office:

Name of Scheme: SB

FromToInterest Rate
01-04-198131-12-19985.50
01-01-199928-02-20014.50
01-03-200130-11-2011​​3.50
01-12-201130-09-2022​​4.0
01-10-202231-12-2022​​4.0
01-01-202331-03-2024​​​4.0

Name of Scheme: RD

FromToInterest Rate
(Maturity Value for Dn.10)
01-04-198131-03-19829.90 (778.10)
01-04-198228-02-198310.30 (786.80)
01-03-198331-03-1987​​11.30 (807.60)
01-04-198731-03-199111.00 (800.30)
01-04-199130-09-199111.50 (811.15)
01-10-199101-09-199313.50 (856.40)
02-09-199331-12-199812.50 (833.40)
01-01-199931-12-199911.50 (811.15)
01-01-200014-01-200011.50 (811.15))
15-01-200031-01-200010.50 (789.60)
01-02-200028-02-200110.50 (789.60)
01-03-200128-02-20029.00 (758.53)
01-03-200228-02-20038.50 (748.49)
01-03-200301-08-20047.50 (728.90)
02-08-200430-11-20117.50 (728.90)
01-12-201131-03-20128.00 (738.62)
01-04-201231-03-20138.40 (746.53)
01-04-201331-03-20148.30 (744.53)
01-04-201417-11-20148.40 (746.53)
18-11-201420-01-20158.40 (746.53)
21-01-201531-03-20158.40 (746.53)
01-04-201531-03-20168.40 (746.53)
01-04-201630-09-20167.40 (726.97)
01-10-201631-03-20177.30 (725.05)
01-04-201730-06-20177.20 (723.14)
01-07-201731-12-20177.10 (721.23)
01-01-201830-09-20186.90 (717.43)
01-10-201831-12-20187.30 (725.05)
01-01-201931-03-20197.30 (725.05)
01-04-201930-06-20197.30 (725.05)
01-07-201930-09-20197.20 (723.14)
01-10-201931-12-20197.20 (723.14)
01-01-202031-03-20207.20 (723.14)
01-04-202030-09-20225.80 (6969.67 for Rs. 100 Dn)
01-10-202231-12-20225.80 (6969.67 for Rs. 100 Dn)
01-01-202331-03-20235.80 (6969.67 for Rs. 100 Dn)
01-04-202330-06-20236.20 (7043.00 for Rs. 100 Dn)
01-07-202330-09-20236.50
01-10-202331-03-20246.7​0

Name of Scheme: TD

FromTo1 Yr TD2 Yr TD3 Yr TD5 Yr TD
02-03-198131-03-19828.509.5010.5010.50
01-04-198228-02-19839.009.7510.5010.50
01-03-198309-05-19859.009.7510.5011.50
10-05-198531-03-19879.5010.0010.5011.50
01-04-198731-03-19919.5010.0010.5011.00
01-04-199130-09-19919.5010.0011.0011.50
01-10-199115-12-199110.0011.0013.0013.50
16-12-199101-09-199312.0012.0013.0013.50
02-09-199331-12-199910.5011.0012.0012.50
01-01-199914-01-20009.0010.0011.0011.50
15-01-200028-02-20018.009.0010.0010.50
01-03-200128-02-20027.508.009.009.00
01-03-200228-02-20037.257.508.258.50
01-03-200330-11-20116.256.507.257.50
01-12-201131-03-20127.707.808.008.30
01-04-201231-03-20138.208.308.408.50
01-04-201331-03-20148.208.208.308.40
01-04-201431-03-20168.408.408.408.50
01-04-201630-09-20167.107.207.407.90
01-10-201631-03-20177.007.107.307.80
01-04-201730-06-20176.907.007.207.70
01-07-201731-12-20176.806.907.107.60
01-01-201830-09-20186.606.706.907.40
01-10-201831-12-20186.907.007.207.80
01-01-201931-03-20197.007.007.007.80
01-04-201930-06-20197.007.007.007.80
01-07-201930-09-20196.906.906.907.70
01-10-201931-12-20196.906.906.907.70
01-01-202031-03-20206.906.906.907.70
01-04-202030-09-20225.505.505.506.70
01-10-202231-12-2022​​5.505.705.806.70
01-01-202331-03-2023​​6.606.806.907.00
01-04-202330-06-2023​​6.806.907.007.50
01-07-202331-12-2023​​6.907.007.007.50
01-01-202431-03-2024​​6.907.007.1​07.50

Name of Scheme: MIS

FromToInterest Rate
15-08-198723-04-199212.00
24-04-199201-09-199314.00
02-09-199331-12-199813.00
01-01-199914-01-200012.00
15-01-200028-02-200111.00
01-03-200128-02-20029.50
01-03-200228-02-20039.00
01-03-200301-08-20048.00
02-08-200430-11-20118.00
01-12-201131-03-20128.20
01-04-201231-03-20138.50
01-04-201331-03-20148.40
01-04-201417-11-20148.40
18-11-201420-01-20158.40
21-01-201531-03-20158.40
01-04-201531-03-20168.40
01-04-201630-09-20167.80
01-10-201631-03-20177.70
01-04-201730-06-20177.60
01-07-201731-12-20177.50
01-01-201830-09-20187.30
01-10-201831-12-20187.70
01-01-201931-03-20197.70
01-04-201930-06-20197.70
01-07-201930-09-20197.60
01-10-201931-12-20197.60
01-01-202031-03-20207.60
01-04-202030-09-20226.60
01-10-202231-12-2022​​6.70
01-01-202331-03-2023​​7.10
01-04-202331-03-2024​​​7.40

Name of Scheme: SCSS

FromToInterest Rate
02-08-200430-11-20119.00
01-12-201131-03-20129.00
01-04-201231-03-20139.30
01-04-201331-03-20149.20
01-04-201417-11-20149.20
18-11-201420-01-20159.20
21-01-201531-03-20159.20
01-04-201531-03-20169.30
01-04-201630-09-20168.60
01-10-201631-03-20178.50
01-04-201730-06-20178.40
01-07-201731-12-20178.30
01-01-201830-09-20188.30
01-10-201831-12-20188.70
01-01-201931-03-20198.70
01-04-201930-06-20198.70
01-07-201930-09-20198.60
01-10-201931-12-20198.60
01-01-202031-03-20208.60
01-04-202030-09-20227.40
01-10-202231-12-2022​​7.60
01-01-202331-03-20238.00
01-04-202330-06-20238.20
01-07-202331-03-2024​8.20

Name of Scheme: PPF

PeriodInterest RateLimit for Investment
01.04.1968 to 31.03.19694.8015000
01.04.1969 to 31.03.19704.8015000
01.04.1970 to 31.03.1971515000
01.04.1971 to 31.03.1972515000
01.04.1972 to 31.03.1973520000
01.04.1973 to 31.03.19745.3020000
01.04.1974 to 31.07.19745.8020000
01.08.1974 to 31.03.1975720000
01.04.1975 to 31.03.1976720000
01.04.1976 to 31.03.1977720000
01.04.1977 to 31.03.19787.5020000
01.04.1978 to 31.03.19797.5030000
01.04.1979 to 31.03.19807.5030000
01.04.1980 to 31.03.1981830000
01.04.1981 to 31.03.19828.5030000
01.04.1982 to 31.03.19838.5040000
01.04.1983 to 31.03.1984940000
01.04.1984 to 31.03.19859.5040000
01.04.1985 to 31.03.19861040000
01.04.1986 to 31.03.19881240000
01.04.1988 to 31.03.19991260000
01.04.1999 to 14.01.20001260000
15.01.2000 to 28.02.20011160000
01.03.2001 to 28.02.20029.5060000
01.03.2002 to 31.03.20029.0060000
01.04.2002 to 28.02.2003970000
01.03.2003 to 31.03.2011870000
01.04.2011 to 30.11.20118100000
01.12.2011 to 31.03.20128.60100000
01.04.2012 to 31.03.20138.80100000
01.04.2013 to 31.03.20148.70100000
01.04.2014 to 31.03.20168.70150000
01.04.2016 to 30.09.20168.10150000
01.10.2016 to 31.03.20178150000
01.04.2017 to 30.06.20177.90150000
01.07.2017 to 30.09.20177.80150000
01.01.2018 to 30.09.20187.60150000
01.10.2018 to 30.06.20198.00150000
01.07.2019 to 31.03.20207.90150000
01.04.2020 to 30.09.20227.10150000
01.10.2022 to 31.12.20227.10150000
01.01.2023 to 31.03.2024​7.10150000

Name of Scheme: SSA

FromToInterest Rate
21-01-201531-03-20159.10
01-04-201531-03-20169.20
01-04-201630-09-20168.60
01-10-201631-03-20178.50
01-04-201730-06-20178.40
01-07-201731-12-20178.30
01-01-201830-09-20188.10
01-10-201831-12-20188.50
01-01-201931-03-20198.50
01-04-201930-06-20198.50
01-07-201930-09-20198.40
01-10-201931-12-20198.40
01-01-202031-03-20208.40
01-04-202030-09-20227.60
01-10-202231-12-2022​​7.60
01-01-202331-03-20237.60
01-04-202330-06-20238.00
01-07-202331-12​-20238.00
01-01-202431-03-20248.20

Name of Scheme: NSS 87

FromToInterest Rate
01-04-198728-02-200211.00
01-03-200330-09-20207.50

Name of Scheme: NSS 92

FromToInterest Rate
16-12-199214-01-200011.00
15-01-200028-02-200110.50
01-03-200128-02-20029.00
01-03-200228-02-20038.50
01-03-200330-09-20207.50

Name of Scheme: KVP

FromToMaturity Period
02-02-199331-12-19985 Year 6 Month
01-01-199914-01-20006 Years
15-01-200028-02-20016 Years 6 Months
01-03-200128-02-20027 Years 3 Months
01-03-200228-02-20037 Years 8 Months
01-03-200330-11-20118 Years 7 Months
(Discontinued)
23-09-201431-03-20168 Years 4 Months
(Re-introduced)
01-04-201630-09-20169 Years 2 Months
01-10-201631-03-20179 Years 4 Months
01-04-201730-06-20179 Years 5 Months
01-07-201731-12-20179 Years 7 Months
01-01-201830-09-20189 Years 10 Months
01-10-201831-12-20189 Years 4 Months
01-01-201930-06-20199 Years 4 Months
01-07-201930-09-20199 Years 5 Months
01-10-201931-03-20209 Years 5 Months
01-04-202030-09-202210 Years 4 Months
01-10-202231-12-2022​​10 Years 3 Months
01-01-202331-03-202310 Years 0 Months
01-04-202330-06-20239 Years 7 Months
01-07-202331-03-2024​9 Years 7 Months

Name of Scheme: NSC VIII Issue (1989)

FromToMaturity Period in YearsInterest Rate (%)Maturity Value for `100Accrual Interest Year-1Accrual Interest Year-2Accrual Interest Year-3Accrual Interest Year-4Accrual Interest Year-5Accrual Interest Year-6
08-05-198931-12-1998612201.5012.4013.9015.6017.5019.7022.40
01-01-199914-01-2000611.5195.6011.8013.2314.8016.5418.5120.69
15-01-200028-02-2001611190.1211.3012.5814.0015.5817.3519.31
01-03-200128-02-200269.5174.529.7210.6711.7112.8514.1015.47
01-03-200228-02-200369169.599.2010.0510.9711.9813.1014.29
01-03-200330-11-201168160.108.168.839.5510.3311.1712.08
01-12-201131-03-201268.4150.908.589.3110.1110.9811.92
01-04-201231-03-201358.6152.358.789.5610.4011.3112.30
01-04-201331-03-201658.5151.628.689.4310.2511.1412.11
01-04-201630-09-201658.1147.618.108.769.4610.2311.06
01-10-201631-03-201758146.938.008.649.3310.0810.88
01-04-201730-06-201757.9146.257.908.529.209.9210.71
01-07-201731-12-201757.8145.587.808.419.069.7710.53
01-01-201830-09-201857.6144.237.608.188.809.4710.19
01-10-201831-12-201858146.938.008.649.3310.0810.88
01-01-201930-06-201958146.938.008.649.3310.0810.88
01-07-201911-12-201957.9146.257.908.529.209.9210.71

Name of Scheme: NSC VIII Issue (2019)

FromToMaturity Period in YearsInterest Rate (%)Maturity Value for ₹1000Accrual Interest Year-1Accrual Interest Year-2Accrual Interest Year-3Accrual Interest Year-4Accrual Interest Year-5
12-12-201931-03-202057.91,462.5479.0085.2491.9899.24107.08
01-04-202031-12-202256.81,389.4968.0072.6277.5682.8488.47
01-01-202331-03-202357.01,403.0070.0074.9080.1485.7591.76
01-04-202330-09-202357.71,449.0077.0082.9389.3196.19103.60

Name of Scheme: NSC IX Issue (Discontinued on 20.12.2015)

FromToMaturity Period in YearsInterest Rate (%)Maturity Value for 100Accrual Interest Year-1Accrual Interest Year-2Accrual Interest Year-3Accrual Interest Year-4Accrual Interest Year-5Accrual Interest Year-6Accrual Interest Year-7Accrual Interest Year-8Accrual Interest Year-9Accrual Interest Year-10
01-12-201131-03-2012108.7234.358.899.6810.5411.4812.5013.6114.8216.1317.5719.13
01-04-201231-03-2013108.9238.879.109.9310.8311.8112.8914.0615.3416.7418.2619.92
01-04-201319-12-2015108.8236.608.999.8010.6811.6412.6913.8315.0816.4317.9119.52

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Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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