Post Office Recurring Deposit Account (RD)

Duration - 5 Years
Interest rates - 5.8 % per annum (quarterly compounded) From 01.04.2020
Minimum Amount - Minimum INR 100/- per month or any amount in multiples of INR 10/-
Maximum Limit - No maximum limit

Other Features

• The Account can be opened by cash/cheque and in case of cheque, the date of deposit shall be the date of clearance of cheque.


• If an RD account is not discontinued can made advance deposit up to 5 years in an account.


• After 12 installments deposited and account is continued for 1 year not discontinued depositor may avail loan facility up to 50% of the balance credit in the account. Loan can be repaid in one lump-sum or in equal monthly installments. Interest on loan will be applicable as 2% + RD interest rate applicable to the RD account.

Post Office Time Deposit Account (TD)

Duration - 1 year, 2 years, 3 years, 5 years
Interest rates - Interest payable annually but calculated quarterly.
1 Year A/c - 5.5% | 2 years A/c - 5.5% | 3 years A/c - 5.5% | 5 Years A/c - 6.7%
Minimum Amount - Minimum INR 1,000/- and in multiple of 100
Maximum Limit - No maximum limit

Other Features

• The investment under 5 year TD qualifies for the benefit of section 80C of Income Tax Act, 1961.


• A TD account may be pledged or transferred as security, by submitting a prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee. Transfer/pledging can be made to the President of India/Governor of the State, RBI/Scheduled Bank/Co-operative Society/Co-operative Bank, Corporation (public/private)/Govt. Company/Local Authority, Housing finance company.

Post Office Monthly Income Scheme Account (MIS)

Duration - 5 years
Interest rates - 6.6 % per annum payable monthly (From 01.04.2020)
Minimum Amount - Minimum INR 1,000/- and in multiple of 100
Maximum Limit - A maximum of Rs. 4.50 lakh can be deposited in a single account and 9 lakh in a Joint account.

Other Features

• Interest shall be payable on completion of a month from the date of opening and so on till maturity.


• Interest can be drawn through auto credit into savings account standing at same post office, or ECS. In case of MIS account at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post Offices.

National Savings Certificates (NSC)

Duration - 5 years
Interest rates - 6.8 % compounded annually but payable at maturity. (From 01.04.2020)
Minimum Amount - Minimum of Rs. 1000/- and in multiples of Rs. 100/-
Maximum Limit - No maximum limit

Other Features:

• Any number of accounts can be opened under the scheme.


• Deposits qualify for deduction under section 80C of the Income Tax Act.


• NSC may be pledged or transferred as security, by submitting the prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee. Transfer/pledging can be made to the President of India/Governor of the State, RBI/Scheduled Bank/Co-operative Society/Co-operative Bank, Corporation (public/private)/Govt. Company/Local Authority, Housing finance company

Kisan Vikas Patra (KVP)

Duration - The deposit shall mature on the maturity period prescribed by the Ministry of Finance from time to time as applicable on the date of deposit.
Interest Rate - 6.9 % compounded annually (From 01.04.2020)
Minimum Amount - INR 1000/- and in multiples of 100/-
Maximum Limit - No Maximum Limit

Other Features:

• Any number of accounts can be opened under the scheme.


• KVP may be pledged or transferred as security, by submitting the prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee. Transfer/pledging can be made to the President of India/Governor of the State, RBI/Scheduled Bank/Co-operative Society/Co-operative Bank, Corporation (public/private)/Govt. Company/Local Authority, Housing finance company