These savings schemes are run by the Indian Post Office and are available through the offices of the department across the country. The investor’s full attention is on what returns are being received in any savings scheme.
Savings Scheme in Indian Post Office is an important savings scheme by the Government of India-run organization which provides the most secure savings option to the citizens of the country. These savings schemes are run by the Indian Post Office and are available through the offices of the department across the country. The investor’s full attention is on what returns are being received in any savings scheme. Interest rates are very important in post office schemes as it determines the rate of return citizens get for their savings.
The interest rates in the India Post Office National Savings Scheme are revised by the government from time to time, so that citizens can get attractive interest rates for savings and the government can also handle the changes in the economy. . There have been different interest rates in Indian Post Office Savings Schemes.
On opening a savings account in the post office, interest is given at the rate of 4% per annum. At the same time, there is also an advantage in saving here. Here compounding interest is also available for depositing for up to one year. Isn’t it a big deal? How to get this interest. Get to know him. On depositing for a year, interest is given here with 6.8 percent. But here compounding interest is given after every three months. This means that if someone deposits Rs 10,000, he will get Rs 698 as annual interest.
At the same time, the rate of interest is given at the rate of 6.9 percent per annum on a two-year deposit in the post office. Here the benefit of compounding is given. Here also the interest is compounded every quarter. In this case, if someone has deposited Rs 10000, he will get Rs 708 as interest at the end of the first year.
Interest is being given at the rate of 7 percent per annum for depositing in the National Savings Scheme of the Post Office for three years. Here compounding interest has been arranged every quarter. Rs 719 will be received as annual interest in the first year on a deposit of Rs 10000. After this you can calculate the years.
Now let’s talk about the interest received on the post office deposit of 5 years. Annual interest is being given on the deposit at the rate of 7.5 percent. The advantage of compounding every quarter will be available here as well. On a deposit of Rs 10,000, interest of Rs 771 will be available annually in the first year.
It is our endeavor to provide only accurate information. At present, the same interest rates have been given on the post office department’s site . It is to be noted that the Indian Post Office revises the interest rates on savings schemes from time to time, so it would be wise to visit the official website of the Post Office for updates on these rates.
You must have understood that the Indian Post Office Savings Scheme provides a way of safe savings to the countrymen and offers them attractive interest rates to save. Through these schemes, people can increase their income and stand the test of future economic security.
How much profit is being made in this can be understood from the chart given below.
