Interest Rates on Post Office Saving Schemes 2009-2010
These are the updated and current interest rates on various post office savings schemes currently available. All the interest rates are applicable for the current month and year December 2009 as well as for January 2010 and is valid throughout 2010 until and unless there is any changes announced by Government of India in the next budget in March 2010.
Post Office Savings Account – 3.5% per annum
Post Office Time Deposit (Fixed Deposit)
1 year – 6.25%
2 years – 6.50%
3 years – 7.25%
5 years – 7.5%
Monthly Income Account – 8% per annum
Post Office Recurring Deposit – 7.5% (compounded quarterly)
Kisan Vikas Patra – 8.4% (compounded yearly). Money actually doubles in 8 years and 7 months.
15-year Provident Fund (PF) Account – 8% per year (compounded yearly).
National Savings Certificate (NSC) – 8% with 6 monthly compounded interest.
Senior citizens savings scheme – 9% per annum.
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Comments
Madam, if u want 12% int, then what will be the lending rate for the poor borrowers? Also, our Govt says that they have surplus money and do not require funds from public. Thanks to our Govt for encouraging Black money indirectly and so plenty of money is available everywhere. Look at the elections held in our country. Poor Election Commission is helplessly witnessing the distribution of money in Tamilnadu for votes. Where is the a/c for this money? How do they get it? Please learn Politics to understand your question.
PLEASE LET ME KNOW,WHETHER THE PORD A/C CAN BE CLOSED IMMEDIATELY ,IF THE DEPOSITER HAS CONTINUED HIS A/C & DEPOSITED ONE YEAR ADVANCCE.
can u u let me know the any fd with high rate of intrest for only 5 years(means duoble the monye in 5 yrs)
I have 5 yr old kid.. is there any best investment on him to get at the time of his higher education.
Absolutely no, there is no scheme in post office or bank that offers 12% interest at least for now. There are some private FD’s which offer the same.
I AM 51 YEARS OLD. I WANT MONTHLY FIXED MONTHLY INCOME FOR MY RETIRED LIFE. AFTER MY LIFE THE DEPOSITED AMOUNT TO HANDED OVER TO MY CHILDREN. NOW A I HAVE SOME AMOUNT TO BE READY FOR THE ABOVE AND ALSO READY TO SAVE MONTHLY FOR THE ABOVE TILL MY SERVICE (UPTO 58 YEARS) . PLEASE GIVE ADVICE.
THANKING YOU
my mother is 50 years old, she wanna invest 300000 Rs. for any annual scheme so that she can get maximum return, plz help me to select the best plan.
thannking u
You can try post office FD, Bank FD, or even go for Monthly Income schemes in the post office. Bank FDs currently offering higher rates for senior citizens, try them for maximum returns.
But, Umesh, Remember that it is not as safe as the post office schemes, Unitech offers higher returns but much riskier as well.
My mother is 52y old and my father is 55y i want to fixed deposite on both name please give my best suggestion where i can get best interest rate and my father has gov. job also did i pay interest i want fd around 10lac
Dear sir,
I have my RD scheme since 3 years,due to some finance issue i wanted to close.
Please advice me, if i close it after 3years what total percentage of interst i will get it. (monthly pay 4000 INR for 3 years)
Hi,
Do we deposit amt in RD every month by hard cash or can we use transfer the RD amt from our saving bank a/c through internet banking.
I want to deposite Monthly in Post office. One of my frind also invest in post office he get double after 5 years of that amount. I want to know that schem name.
hi Jyothi there is no scheme in post office that doubles your money in just 5 years but there is Kisan Vikas patra where you can double your money in 8 years and 7 months.
dear all,
please note i am planning to save my amount of 3 lakh which is best scheme to do and benefit from tax deduction.
is there any 12% interest rate shemes in post office