PO Savings Schemes and Interest rates from 01.03.2003 to 30.09.2023

*PO Savings Schemes and Interest rates from 01.03.2003 to 30.09.2023***

*संकलन: श्यामनारायण शर्मा, सेवानिवृत्त सीनियर सुपरिन्टेन्डेन्ट, डाक विभाग, मऊ नाथ भंजन यूपी***

*1- Savings Bank Account: @4% from 01-12-2011 (Before it @3.5%) (Yearly Compounded)**

*Minimum Deposit: Rs500 (Subsequent deposits not less than Rs10, Minimum withdrawals: Rs 50 but after withdrawal, the balance should not be less than Rs 500, Maximum Balance: No Limit)**

*2- Recurring Deposit(RD): Maturity after 5 Years (Quarterly Compounded)**

*Minimum Deposit Per Month: Rs 100/Maximum Deposit: No Limit/The deposit should be in multiple of Rs10/The Account may be extended for further 5 years with or without depositing the monthly instalments at the same rate of interest applicable on the date of its opening**

*Pre-Matured withdrawal after 1 year @50% of deposited amount.

*Premature closure of account after 36 months after the date of its closing Savings Bank interest rates.

*Penalty for late payment @Re1 for Rs 100 instalment per month.

*Rebate for lump sum advance  deposit of RD for Rs100 PM for 6 months at a time will be be Rs10 and for 12 months at a time will be Rs40.

*(Maturity amount for Rs100 per month)**

01.03.2003:

@ 7.50% :Rs.7288.97

01.12.2011:

@ 8.00% :Rs.7386.18

01.04.2012:

@ 8.40% :Rs.7465.07

01.04.2013:

@ 8.30% :Rs.7445.26

01.04.2014:

@ 8.40% :Rs.7465.07

01.04.2015:

@ 8.40 % :Rs7465.07

01.04.2016:

@ 7.40% :Rs.7269.71

01.07.2016:

@ 7.40 % :Rs7269.71

01.10.2016:

@ 7.30% :Rs.7250.51

01.04.2017:

@ 7.20% :Rs.7231.38

01.07.2017:

@ 7.10% :Rs.7212.30

01.01.2018:

@ 6.90% :Rs.7174.32

01-10-2018:

@ 7.3% : Rs 7250.51

01-01-2019:

@ 7.3% : Rs 7250.51

01-07-2019:

@ 7.2% : Rs 7231.38

01.04.2020:

@ 5.8% : Rs 6969.67

01.01.2023:

@ 5.8% : Rs 6969.67

01.04.2023:

@6.2% : Rs 7043.27

01.07.2023: 

@ 6.5%: Rs 7099.08

*3- Time Deposit(TD): (Quarterly Compounded.): Interest Payable Yearly**

*Minimum Deposit: Rs 1000 and in multiple of Rs 100/ Maximum Deposit: No Limit**

*Maturity after 1 Year TD/2 Years TD/3 Years TD/5 Years TD**

*If the TD account is closed before 1 year from its opening, then the savings bank account interest will be palatable for the period for which account is retained**

*Annual interest payable for investment of Rs 1000 in this account**

01.03.2003: @6.25/6.50/7.25/7.50%

:Rs63.98/Rs66.60/Rs74.50/Rs77.14

01.12.2011: @7.70/7.80/8.00/8.30%

:Rs79.25/Rs80.31/Rs82.43/Rs85.62

01.04.2012: @8.20/8.30/8.40/8.50%

:Rs84.56/Rs85.62/Rs86.68/Rs87.75

01.04.2013: @8.20/8.30/8.40/8.50%

:Rs84.56/Rs85.62/Rs86.68/Rs87.75

01.04.2014: @8.40/8.40/8.40/8.50%

:Rs86.68/Rs86.68/Rs86.68/Rs87.75

01.04.2015: @8.40/8.40/8.40/8.50%

:Rs86.68/Rs86.68/Rs86.68/Rs87.75

01.04.2016: @7.10/7.20/7.40/7.90%

:Rs72.91/Rs73.97/Rs76.08/Rs81.87

01.07.2016: @7.10/7.20/7.40/7.90%

:Rs72.91/Rs73.97/Rs76.08/Rs81.87

01.10.2016: @7.00/7.10/7.30/7.80%

:Rs71.86/Rs72.91/Rs75.02/Rs80.31

01.04.2017: @6.90/7.00/7.20/7.70%

:Rs70.81/Rs71.86/Rs73.97/Rs79.25

01.07.2017: @6.80/6.90/7.10/7.60%

:Rs69.75/Rs70.81/Rs72.91/Rs78.19

01.01.2018: @6.60/6.70/6.90/7.40%

:Rs67.65/Rs68.70/Rs70.81/Rs76.08

01-10-2018: @6.90/7.00/7.20/7.80%

:Rs70.81/Rs71.86/Rs73.97/Rs80.31

01.01.2019: @7.00/7.00/7.00/7.80%

:Rs71.86/Rs71.86/Rs71.86/Rs80.31

01.07.2019:

@6.9/6.9/6.9/7.7%

:Rs70.81/Rs70.81/Rs70.81/Rs79.25

01.04.2020:

@5.5/5.5/5.5/6.7%

:Rs56.14/Rs56.14/Rs56.14/Rs68.70

01.10.2022:

@5.5/5.7/5.8/6.7%

:Rs56.14/Rs58.23/Rs59.27/Rs68.70

01.01.2023:

@6.6/6.8/6.9/7.0%

:Rs67.65/Rs69.75/Rs70.81/Rs71.86

01.04.2023:

@6.8/6.9/7.0/7.5%

:Rs69.75/Rs70.81/Rs71.86/Rs77.14

01.07.2023:

@6.9/7.0/7.0/7.5%

:70.81/71.86/71.86/77.14

*4-Monthly Income Scheme (MIS) : Maturity after 5 years (Before 01-12-2011:Maturity after 6 years): Interest Payable monthly)***

*Minimum Deposit: Rs 1000 and further Deposit in multiple of Rs 1000/ Maximum Deposit: Rs 9.0 Lakh for Single Account and Rs 15.0 Lakh for Joint Account**

*If the account is closed prematurely after 1 year but before 3 years from the date of its opening, an amount @2% of deposited amount will be deducted.

*If you close the account after 3 years but before 5 years from the date of its opening, an amount @1% of deposited amount will be deducted.

*Monthly interest payable for investment of Rs1000 and in multiple of Rs1000 in this account**

01.03.2003:@8.00%:6yrs

:Rs6.67

01.12.2011:@8.20% :5yrs

:Rs6.83

01.04.2012:@8.50% :5yrs

:Rs7.08

01.04.2013:@8.40% :5yrs

:Rs7.00

01.04.2014:@8.40% :5yrs

:Rs7.00

01.04.2015:@8.40% :5yrs

:Rs7.00

01.04.2016:@7.80% :5yrs

:Rs6.50

01.07.2016:@7.80% :5yrs

:Rs6.50

01.10.2016:@7.70% :5yrs

:Rs6.42

01.04.2017:@7.60% :5yrs

:Rs6.33

01.07.2017:@7.50% :5yrs

:Rs6.25

01.01.2018:@7.30% :5yrs

:Rs6.08

01-10-2018:@7.70% :5yrs

:Rs6.42

01 01.2019:@7.70% :5yrs

:Rs6.42

01.07.2019:@7.6% :5yrs

:Rs6.33

01.04.2020:@6.6% :5yrs

:Rs5.50

01.10.2022:@6.7% :5yrs

:Rs5.58

01.01.2023:@7.1% :5yrs

:Rs5.92

01.04.2023:@7.4% :5yrs

:Rs6.17

*5- SCSS'2004:Senior Citizen Savings Schemes :Maturity after 5 years which can be extended for further 3 years. (interest payable quarterly)***

*If you close the account pre-maturely after 1 year, then 1.5% will be deducted from your deposited amount.

*If you close the account prematurely after 2 years, then 1.0% will be deducted from your deposited amount.

*Minimum Deposit: Rs1000 and subsequent deposit in multiple of Rs1000/Maximum Deposit: Rs30 Lakh)

*Quarterly interest payable for investment of Rs 1 Lakh in this account**

02.08.2004: @9.00%

:Rs2250

01.12.2011: @9.00%

:Rs2250

01.04.2012: @9.30%

:Rs2325

01.04.2013: @9.20%

:Rs2300

01.04.2014: @9.20%

:Rs2300

01.04.2015: @9.20%

:Rs2300

01.04.2016: @8.60%

:Rs2150

01.07.2016: @8.60%

:Rs2150

01.10.2016: @8.50%

:Rs2125

01.04.2017: @8.40%

:Rs2100

01.07.2017: @8.30%

:Rs2075

01.01.2018: @8.30%

:Rs2075

01-10-2018: @8.70%

:Rs2175

01.01.2019: @8.70%

:Rs2175

01.07.2019: @8.60%

:Rs2150

01.04.2020: @7.40%

:Rs1850

01.10.2022: @7.60%

:Rs1900

01.01.2023: @8.00%

:Rs2000

01.04.2023: @8.2%

:Rs2050

*6- PPF-15 yrs(Public Provident Fund-15 yrs)**

*(Annually compounded)**

*(Minimum deposit per financial year: Rs500 and further deposit in multiple of Rs50/Maximum deposit per year: Rs 1.5 Lakh)**

*Maturity amount payable after 15 Years for deposits of Rs1000 PM**

01.03.2003:@8.00%

:Rs339944.57

01.12.2011: @8.60%

:Rs357354.52

01.04.2012: @8.80%

:Rs363374.72

01.04.2013: @8.70%

:Rs360350.77

01.04.2014: @8.70%

:Rs360350.77

01.04.2015: @8.70%

:Rs360350.77

01.04.2016: @8.10%

:Rs342779.76

01.07.2016: @8.10%

:Rs342779.76

01.10.2016: @8.00%

:Rs339944.57

01.04.2017: @7.90%

:Rs337135.07

01.07.2017: @7.80%

:Rs334351.61

01.01.2018: @7.60%

:Rs328860.69

01-10-2018: @8.00%

:Rs339944.57

01.01.2019: @8.00%

:Rs339944.57

01.07.2019:@7.9%

:Rs337135.07

01.04.2020:@7.1%

:Rs315568.06

01.01.2023:@7.1%

:Rs315568.06

*7- NSC (VIIIth Issue) (National Savings Certificate) :Maturity now after 5 Years from 01.12.2011 and 6 Years before 01-12-2011**

*(Yearly compounded from 01.04.2016 and Six monthly compounded Before 01-04-2016)**

*(Minimum deposit: Rs1000 and subsequent deposit in multiple of Rs100/Maximum deposit: No Limit)**

*(Maturity amount payable for investment of Rs 1000 in this scheme)**

01.03.2003: @8.00%

:Rs.1601.03: 6yrs

01.12.2011: @8.40%

:Rs.1508.96: 5yrs

01.04.2012: @8.60%

:Rs.1523.50: 5yrs

01.04.2013: @8.50%

:Rs.1516.21: 5yrs

01.04.2014: @8.50%

:Rs.1516.21: 5yrs

01.04.2015: @8.50%

:Rs.1516.21: 5yrs

01.04.2016: @8.10%

:Rs.1476.14: 5yrs

01.07.2016: @8.10%

:Rs.1476.14: 5yrs

01.10.2016: @8.00%

:Rs.1469.33: 5yrs

01.04.2017: @7.90%

:Rs.1462.54: 5yrs

01.07.2017: @7.80%

:Rs.1455.77: 5yrs

01.01.2018: @7.60%

:Rs.1442.32: 5yrs

01-10-2018: @8.00%

:Rs 1469.33: 5yrs

01.01.2019: @8.00%

:Rs 1469.33: 5 yrs

01.07.2019: @7.9%

:Rs 1462.54: 5 yrs

01.04.2020: @6.8%

:Rs 1389.49: 5 yrs

01.01.2023: @7.0%

:Rs 1402.55: 5 yrs

01.04.2023: @7.7%

:Rs1449.03: 5 yrs

*8- NSC-10yrs (IXth Issue) (National Savings Certificate) : Maturity after 10yrs (Half Yearly Compounded) :***

*(Maturity amount for investment of Rs1000 in this scheme)**

*(The scheme Continued from 01.12.2011 to 19.12.2015)**

01.12.2011:@8.70%

:Rs.2343.41

01.04.2012:@8.90%

:Rs.2388.74

01.04.2013:@8.80%

:Rs.2365.97

01.04.2014:@8.80%

:Rs.2365.97

01.04.2015:@8.80%

:Rs.2365.97

*9- KVP (Kisan Vikas Patra): (Double in specified period)  (Yearly Compounded)***

01.03.2003: @8.40%

:8yrs7months

01.12.2011: @8.70%

:8yrs4months

01.04.2016: @7.80%

:9yrs2months

01.07.2016: @7.80%

:9yrs2months

01.10.2016: @7.70%

:9yrs4months

01.04.2017: @7.60%

:9yrs5months

01.07.2017: @7.50%

:9yrs7 months

01.01.2018: @7.30%

:9yrs10 months

01-10-2018: @7.70%

:9 yrs 4 months

01.01.2019: @7.70%

:9yrs 4 months

01.07.2019: @7.6%

:9yrs 5 months

01.04.2020: @6.9%

:10yrs 4 months

01.10.2022: @7.0%

:10yrs 3months

01.01.2023: @7.2%

:10 yrs 0 month

01.04.2023: @7.5%

:9 yrs 7 months

*10- Sukanya Samriddhi Account (SSA): (Deposit upto 15 years and maturity after 21 years) :Yearly Compounded***

*Minimum/Maximum deposits in a financial year:Rs250/Rs1.5 Lakhs.

*Deposit amount should be in multiple of Rs50.

*There is no limit on number of deposits in a month or financial year.

*If you deposit more than Rs1.5 Lakhs in a financial year, the excess amount will not earn any interest and you may withdraw to this excess amount at any time

*Premature closure on certain conditions

*Maturity after 21 years for deposits of Rs1000 PM for 15 years only**

01.04.2014:@9.10%

:Rs628361.63

01.04.2015:@9.20%

:Rs637146.13

01.04.2016:@8.60%

:Rs586243.93

01.07.2016:@8.60%

:Rs586243.93

01.10.2016:@8.50%

:Rs578168.20

01.04.2017:@8.40%

:Rs570205.91

01.07.2017:@8.30%

:Rs562354.50

01.01.2018: @8.10%

:Rs546977.31

01-10-2018: @8.50%

:Rs578168.20

01.01.2019:@8.50%

:Rs578168.20

01.07.2019:@8.40%

:Rs570205.91

01.04.2020:@7.60%

:Rs510370.44

01.01.2023:@7.60%

:Rs510370.44

01.04.2023:@8.0%

:Rs539449.44

*11- Mahila Samman Savings Certificate2023 for 2Years (MSSC)**

*Maturity Period: 2 Years

*May be opened by a woman/girl for herself or by the guardian on behalf of minor girl.

*Minimum deposit: Rs1000 or in multiple of Rs100.

*Maximum deposit: 2 Lakh.

*Withdrawal: 40% once only after 1 year.

*Premature closure on death of account holder at the same rate of interest.

*Premature closure after 6 months at 2% less interest ie @5.5% for any reason.

*Interest Compounded Quarterly

*Maturity amount for Rs1 lakh after 2 years.**

01.04.2023: @7.5%

:Rs116022.17

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