After a long time, the central government has increased the interest rates of post office schemes.

Post Office New Interest Rates:

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.