Post Office Deposit Schemes

Undernoted Deposit Schemes are available at Post Offices:

  • Post Office Savings Account:

    These accounts promote the habit of thrift in account holders. Amount deposited is withdrawable on demand with facility of earning some interest on the balance in the account. View salient features of Post Office Saving accounts.

  • Post Office Recurring Deposit Scheme:

    This scheme offers facility of saving small amounts every month for meeting future financial goals. View salient features of Post Office RD Scheme.

  • Post Office Senior Citizens Savings Scheme:

    This scheme provides facility of earning regular interest income relatively higher Interest Rate to senior citizens on their investments. The interest is payable quarterly. View salient features of Post Office SCSS Scheme.

  • Post Office Time Deposit Scheme:

    This scheme offers facility of long term investments. The interest is compounded quarterly and is paid annually. View salient features of Post Office Time deposits.

  • Post Office Monthly Income Scheme:

    This is the only scheme available at Post Offices, where interest is payable at monthly intervals. View salient features of Post Office MIS Scheme.

  • Kisan Vikas Patras (KVPs):

    KVPs offer the facility of making long term investments. View salient features of Post Office KVPs.

  • National Savings Certificates (NSCs):

    NSCs are popular as Tax Saving instruments. The investment in NSCs qualifies for tax relief under Section 80C of Income Tax, Act. View salient features of NSCs.

  • Public Provident Fund (PPF) Accounts:

    PPF account is one of the most popular tax saving option. PPF accounts can be opened in banks and post offices. The investment in PPF account qualifies for tax relief under Section 80C of Income Tax and the accrued interest is not taxable. View salient features of PPF Accounts.

  • Post Office Deposit Calculators:

    Use /misc/Postal Deposit Calculators to calculate Accrued Interest on NSCs ( VIII issue and IX issue ), maturity value of POMIS and PORD schemes, interest payabale under POSCS and POTD schemes and Amount payable under Kisan Vikas Patra (KVPs).

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