Post Office Saving Schemes - डाक धर बचत योजना

Post Office Saving Schemes पोस्ट ऑफिस सेविंग स्कीम - डाक रक्षक बचत योजना

Features and Benefits of FD in Post Office
The time deposit account can be opened for 5 years.
Any number of accounts can be opened in any post office.
A minor of 10 year or above can open and manage the account.
Joint accounts can be opened by two adults.
An individual can convert the time deposit account from single to joint and vice versa.
Fixed deposit schemes are available for a period of 5 years.
The minimum amount that can be deposited is Rs.200, there is no limit on the maximum amount.
The depositor can open a time deposit with the post office for a minimum of 1 year.
The investments made under 5 years are eligible for tax benefits and deductions under Section 80C of the Income Tax Act of India, 1961.
The accounts can be ported to other post offices quite easily.
Depositor can open any number of time deposit accounts.
On maturity, the account is automatically renewed for the period it was initially opened.
NRIs cannot invest in the time deposit schemes offered by the post office.

Post Office FD calculator
To know how much you will earn on a Post Office Fixed Deposit, use an online calculator. Calculate the exact maturity value of an FD by entering details such as amount invested, rate of interest, tenure of investment and type of interest compounding frequency. For example, if you are investing Rs.1 lakh for a period of 5 years in a Post Office FD, the total interest earned will be Rs.7,800 and the maturity value of the deposit will be Rs.1,07,800.
Post Office Savings Account
This is a savings account that pays interest at the rate of 4% p.a. The minimum balance that needs to be maintained in this type of account is Rs.50. The features include cheque, ATM card, and other benefits.
Post Office Time Deposit Account (TD)
This is a type of fixed deposit account that can be opened with a minimum investment amount of Rs.200. The interest rate offered ranges from 6.8% to 7.6%. These time deposits can be held for a tenure ranging anywhere between 1 to 5 years.
Post Office Monthly Income Account (MIS)
An MIS scheme is a type of investment that pays an assured rate of interest on a monthly basis. The rate of interest offered by India Post for MIS schemes is 7.5% p.a.
Senior Citizen Savings Scheme (SCSS)
SCSS are savings schemes for senior citizens and come with a lock-in period of 5 years. The interest rate offered is 8.4% p.a. The maximum amount that can be invested in this type of deposit is Rs.15 lakh.
Public Provident Fund Account (PPF)
India Post PPF account is a type of long-term investment scheme where one can invest a fixed sum for a set period of time. India Post offers an interest rate of 7.9% p.a. and this scheme comes with a lock-in period of 15 years. One can avail tax exemption under Section 80C of the Income Tax Act for PPF accounts.
National Savings Certificate (NSC)
NSC is a tax saving bond issued by India Post. These certificates can be purchased for a minimum of Rs.100. The interest rate offered on this scheme is 7.8%.
Kisan Vikas Patra (KVP)
KVP is an investment scheme offered by India Post. The minimum deposit that can be made under this scheme is Rs.1000. The amount invested doubles up in a period of 115 months.
Sukanya Samriddhi Accounts (SSA)
The SSA is special savings scheme for girl children and can be purchased by parents or guardians of the child. The interest rate offered is 8.3% p.a. The minimum annual deposit for SSA is Rs.1, 000, while the maximum is Rs.1, 50,000. Read more about Post Office Special FD Schemes