After a long time, the central government has increased the interest rates of post office schemes.
Let us know by how much the Government of India has increased the rates of which scheme of the post office.
1- Product: Post Office Savings Account (Savings Bank) Interest Rate: 4.0% Compounding Frequency: Annual From 01.10.2022 to 31.12.2022
2- Product: 1-Year TD Account Interest Rate: 5.5% (Annual interest on Rs. 10,000/- deposit Rs. 561/-) Compounding Frequency: Quarterly
3- Product: 2-Year TD Account Interest Rate: 5.7% (Annual interest on Rs. 10,000/- deposit Rs. 561/-) Compounding Frequency: Quarterly
4- Product: 3 Years TD Account Interest Rate: 5.8% (Annual interest on Rs. 10,000/- deposit Rs. 561/-) Compounding Frequency: Quarterly
5- Product: 5 Years TD Account Interest Rate: 6.7(Annual interest on Rs. 10,000/- deposit Rs. 687/-) Compounding Frequency: Quarterly
6- Product: 5-Year Recurring Deposit Account (RD) Interest Rate: 5.8% p.a. Minimum Deposit: ₹ 100 Per Month Maximum Deposit: No Upper limit
7- Product: Senior Citizen Savings Scheme Interest Rate: 7.6% (Quarterly interest Rs.185/- on deposit of Rs.10,000/-) Compounding Frequency: Quarterly and Paid
8- Product: Monthly Income Plan Account Interest Rate: 6.7% (Monthly interest on deposit Rs. 10000/- Rs. 55/-) Compounding Frequency: Quarterly and Paid
9- Product: 5 Year National Savings Certificate (VIII Edition))Interest Rate: % Compounding Frequency: 6.8 % (Maturity Value Rs.1389/- for Rs.1000/- Deposit)
10- Product: Kisan Vikas Patra Interest Rate: 7.0% (Matures in 123 months) Compounding Frequency: Annual From 01.10.2022 to 31.12.2022
11- Product: Public Provident Fund (PPF) Interest Rate: 7.1% Compounding Frequency: Annual From 01.10.2022 to 31.12.2022
12- Product: Sukanya Samriddhi Account Interest Rate: 7.6% Compounding Frequency: Annual From 01.10.2022 to 31.12.2022
Let us tell you that post office savings schemes are one of the safest options for retail investors to invest.