POSB Interest Rate w.e.f 01/04/2024

Interest Rate Table for Post Office Schemes 

The interest rates for the Post Office Savings Bank's Small Saving Scheme are as follows, effective from April 1, 2024 (first quarter of the financial year 2024-25), and will remain unchanged for the second quarter of the financial year 2024-25, from July 1, 2024 to September 30, 2024.

Small Savings Scheme in Post Office Rate Of Interest Maturity Period TDS on Investment

Is Interest Taxable?
Post Office Savings Account - POSA 4.0% Not Applicable No Yes
Post Office Recurring Deposit - PORD 6.7% 5 Years No Yes
Post Office Monthly Income Scheme -MIS 7.4% 5 Years No Yes
Post Office Time Deposit (1 year)-1TD 6.9% 1 Year No Yes
Post Office Time Deposit (2 year)-2TD 7% 2 Years No Yes
Post Office Time Deposit (3 year)-3TD 7.1% 3 Years No Yes
Post Office Time Deposit (5 year)-5TD 7.5% 5 Years Yes Yes
Kisan Vikas Patra (KVP) 7.5% 30 Months Lock-in period No Yes
Public Provident Fund (PPF) 7.1% 15 Years Yes No
Sukanya Samriddhi Yojana - SSA 8.2% 21 Years Yes No
National Savings Certificate -NSC 7.7% 5 Years Yes No
Senior Citizens Savings Scheme -SCS 8.2% 5 Years Yes Yes

The above mentioned rate of interest is subject to be revised every quarter (every three months) by the Ministry of Finance.