The post office provides various investment schemes that offer good returns, similar to bank schemes.
These include traditional options like Fixed Deposits (FD), Recurring Deposits (RD), and Public Provident Fund (PPF).
Additionally, the post office offers unique schemes unavailable in banks, making it a distinct choice for investors.
Interest Rates for Popular Post Office Schemes
Here are the current interest rates for different post office investment options:
5-year Recurring Deposit (RD): 6.7%
Public Provident Fund (PPF): 7.1%
Monthly Income Scheme (POMIS): 7.4%
Kisan Vikas Patra: 7.5%
Mahila Samman Savings Certificate: 7.5%
National Savings Certificate (NSC): 7.7%
Sukanya Samriddhi Account: 8.2%
Senior Citizen Savings Scheme: 8.2%
Post Office Savings Account: 4%
Fixed Deposits (FD)
1 year: 6.9%
2 years: 7.0%
3 years: 7.1%
5 years: 7.5%
PM Modi and Smriti Irani’s Investments in Post Office Schemes
Prominent figures like Prime Minister Narendra Modi and former Union Minister Smriti Irani have also chosen post office schemes for their investments:
PM Modi: He has invested in the National Savings Certificate (NSC), which functions similarly to a fixed deposit and has a five-year tenure.
Smriti Irani: She has opted for the Mahila Samman Savings Certificate, a two-year scheme specifically designed for women.
Special Focus: Post Office Monthly Income Scheme (POMIS)
The Post Office Monthly Income Scheme (POMIS) is one of the unique options not available in banks. This scheme offers a return of 7.4% with a mandatory 5-year investment period.
Single Account: Maximum investment of ₹9 lakh.
Joint Account: Maximum investment of ₹15 lakh.
With its attractive interest rate and flexible account types, POMIS stands out as an exclusive post office offering.
Why Choose Post Office Schemes?
Post office schemes provide secure and government-backed investment options with competitive returns.
They cater to a wide range of investors, including women and senior citizens, with tailored schemes like the Mahila Samman Savings Certificate
and Senior Citizen Savings Scheme. These schemes are excellent choices for those seeking stability and long-term growth.
