Post Office Services

Post Office Saving Schemes in India are government-backed investment options that provide individuals with a safe and reliable means of saving money. These schemes are managed by the Indian Postal Service and offer a variety of options for investors, including basic savings accounts, fixed deposit accounts, and long-term investment schemes. The schemes are designed to cater to the diverse needs of investors and offer a range of benefits such as tax-saving options, attractive returns, and guaranteed returns. With their widespread availability and easy accessibility, Post Office Saving Schemes are an excellent investment option for those seeking stability and security in their financial planning.

There are several Post Office Saving Schemes available in India that cater to the diverse needs of investors. Here are some of the options available:

Post Office Savings Account:

A basic savings account that can be opened with a minimum deposit of Rs. 500.

Public Provident Fund (PPF):

A long-term investment scheme that offers a tax-free return on investment and has a lock-in period of 15 years.

National Savings Certificate (NSC):

A fixed income investment scheme that offers a tax-saving benefit and has a lock-in period of 5 years.

Time Deposit Account:

A fixed deposit scheme that offers different tenure options ranging from 1 year to 5 years.

Senior Citizen Savings Scheme (SCSS):

A scheme exclusively designed for senior citizens that offers a higher interest rate than other post office schemes and has a lock-in period of 5 years.

Kisan Vikas Patra (KVP):

A saving certificate scheme that doubles the investment amount in a fixed period of time and has a lock-in period of 2.5 years.

Monthly Income Scheme (MIS):

As the name suggests, investor earns income every month. The principal amount will be repaid after the expiry of five years.

Rate of Interest

	Rating	12M	15M	18M	24M	35M	36M	48M	60M
HDFC Ltd (upto 2Cr.)	Crisil-FAAA, ICRA-MAAA	6.77%	7.29%	7.19	7.19	7.40%	7.19%	7.19%	7.45% for 55 Months
HDFC Ltd (2Cr to 25Cr.)	Crisil-FAAA, ICRA-MAA+	7.45%	7.24%	7.24%	7.50%	7.19%	7.19%	7.19%	7.19%
LIC Housing Finance	Crisil-FAAA	7.25%	–	7.35%	7.60%	–	7.75%	–	7.75%
ICICI Home Finance (upto 1.99 Cr.)	Crisil-FAAA, ICRA-MAA+	7.00%	–	–	7.30%	–	7.40%	7.50%	7.50%
PNB Housing Finance	Crisil-FAA+, ICRA-AA+	7.35%	–	–	7.00%	–	7.70%	7.40%	7.50%

Post Office Saving Schemes in India offer a range of investment options that are secure, reliable, and backed by the Government of India. These schemes offer attractive interest rates and are ideal for those looking for safe and long-term investment options.

Please contact us for more details

About Us

Nishith Dalal is financial distributor who offers services to Retail, HNI, Corporate and SME investors. We offer a range of products like Mutual Funds, Insurance, FDs etc.