Banks »FD »Fixed Deposit Interest Rates of India Post Payments Bank Ltd
India Post Payments Bank Ltd - Fixed Deposit Interest Rates
Submitted By Nimmy Sunil on 26 February 2023
Banks »FD »Fixed Deposit Interest Rates of India Post Payments Bank Ltd
Submitted By Nimmy Sunil on 26 February 2023
The interest rates applicable on various National (Small) Savings Schemes are as under.
| Sl.No. | Instruments | Rate of interest w.e.f 01.01.2023 to 31.03.2023 | Compounding Frequency* |
|---|---|---|---|
| 01. | Post Office Savings Account | 4.0 | Annually |
| 02. | 1 Year Time Deposit | 6.6(Annual Interest Rs. 677 on Rs. 10000 deposit) | Quarterly |
| 03. | 2 Year Time Deposit | 6.8(Annual Interest Rs. 697 on Rs. 10000 deposit) | Quarterly |
| 04. | 3 Year Time Deposit | 6.9(Annual Interest Rs. 708 on Rs. 10000 deposit) | Quarterly |
| 05. | 5 Year Time Deposit | 7.0(Annual Interest Rs. 718 on Rs. 10000 deposit) | Quarterly |
| 06. | 5 Year Recurring Deposit Scheme | 5.8 Maturity value for Rs. 100 Dn. 5 Year = 6969.67 After extension with deposit. 6 Year = 8620.98, 7 Year= 10370.17, 8 Year= 12223.03, 9Year= 14185.73, 10Year=16264.76 |
Quarterly |
| 07. | Senior Citizen Savings Scheme | 8.0(Quarterly interest Rs. 200 on Rs. 10000 deposit) | Quarterly and Paid |
| 08. | Monthly Income Account | 7.1(Monthly int. Rs. 59 on Rs. 10000 deposit) | Monthly and paid |
| 09. | National Savings Certificate (VIII Issue) | 7.0(Maturity Value Rs.1403 on Rs.1000 deposit) | Annually |
| 10. | Public Provident Fund Scheme | 7.1 | Annually |
| 11. | Kisan Vikas Patra | 7.2 (will mature in 120 months) | Annually |
| 12. | Sukanya Samriddhi Account Scheme | 7.6 | Annually |
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