Post Office Savings Bank Schemes – Interest Rates & Maturity Values Table w.ef. 01.01.2024 to 31.03.2024

Post Office Savings Bank Schemes – Interest Rates & Maturity Values Table w.ef. 01.01.2024 to 31.03.2024

Post Office Savings Bank Schemes (POSB) – Interest Rates & Maturity Values Table w.ef. 01.01.2024 to 31.03.2024

POST OFFICE SAVINGS BANK SCHEMES INTEREST RATES & MATURITY VALUES TABLE
(w.e.f. 01.01.2024 TO 31.03.2024)

Post Office Savings Scheme (POSB) Name Post Office Interest Rates from 01.01.2024 to 31.03.2024 Post Office Interest Rate from 01.10.2023 to 31.12.2023
Savings Bank A/c 04% 04%
Recurring Deposit Account 6.7% 6.7%
Term Deposit 1year/2 years/3 years/5 years 6.9%, 7.0%,7.1% & 7.5% 6.9%, 7.0%,7.0% & 7.5%
Monthly Income Scheme 7.4% 7.4%
National Savings Certificate(NSC) 7.7% 7.7%
Kisan Vikas Patra (KVP) 7.5% (115 Months) 7.5% (115 Months)
Public Provident Fund (PPF) 7.1%. 7.1%.
Senior Citizen Saving Scheme 8.2% 8.2%
Sukanya Samriddhi Yojana 8.2% 8.0%

 

MATURITY VALUES *

RD For Deposit 100 x 60= 6,000, Interest 1,136.58, (After extension with deposit: 6 Year = 8871.09, 7 Year = 10724.75, 8 Year = 12705.77, 9 Year = 14822.89, 10 Year =17085.46) Total 7136.58
1 TD For Deposit 1,00,000, Yearly Interest 7080.60 x 1 Total 1,07,081
2 TD For Deposit 1,00,000, Yearly Interest 7185.90 x 2 Total 1,14,372
3 TD For Deposit 1,00,000, Yearly Interest 7291.29 x 3 Total 1,21,873
5 TD For Deposit 1,00,000, Yearly Interest 7713.59 x 5 Total 1,38,568
MSSC For Deposit 1,00,000, Interest on maturity 16,022 Total 1,16,022
MIS For Deposit 1,00,000, Monthly Interest 616.67 x 60 Total 1,37,000
SCSS For Deposit 1,00,000, Quarterly Interest 2,050 x 20 Total 1,41,000
MIS + RD For Deposit 1,00,000, Interest 43,953.15 Total 1,43,953
SCSS + RD For Deposit 1,00,000, Interest 48,728.76 Total 1,48,729
NSC For Deposit 1,00,000, Interest on maturity 44,903.41 Total 1,44,903
KVP For Deposit 1,00,000, Interest on maturity 1,00,000 Total 2,00,000
PPF * Monthly 1000 x 15 years =1,80,000, Interest 15 yrs = 1,35,572 Total 3,15,572
SSA * Monthly 1000 x 15 Years =1,80,000, Interest 21 yrs = 3,74,612 Total 5,54,612

 

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