INSUBCONTINENT EXCLUSIVE:
Post office account: Investment in a savings account fetches interest at the rate of 4%The government currently offers nine types of small
saving schemes, ranging from fixed deposit (FD) to Sukanya Samriddhi and Senior Citizen Savings Scheme (SCSS)
For the current quarter, ending on March 31, 2019, investment in post office small savings schemes fetches returns to the tune of 4-8.7 per
cent, according to a Ministry of Finance statement dated December 31
In the current quarter, the interest rates on time deposit accounts have been revised, and those applicable to other savings schemes kept
changed.Small savings schemeInterest rate (for quarter ending March 31)Interest rate (for quarter ended December 31)Minimum investment
required for opening accountPost Office Savings Account4%4%Rs 205-Year Post Office Recurring Deposit account (RD)7.3%7.3%Rs 10 per monthPost
Office Time Deposit account (TD)7% for 1-3 years, 7.8% for 5 years6.9% for 1 year, 7% for 2 year, 7.2% for 3 year, 7.8% for 5 yearRs 200Post
Office Monthly Income Scheme Account (MIS)7.77.7%Rs 1,500Senior Citizen Savings Scheme (SCSS)8.7%8.7%Rs 1,00015-Year Public Provident Fund
account (PPF )8%8%Rs 500National Savings Certificate (NSC)8%8%Rs 100Kisan Vikas Patra (KVP)7.7%7.7%Rs 1,000Sukanya Samriddhi
For opening a five-year recurring deposit account, a minimum investment of Rs 10 per month is required, according to the India Post's
