Terms of the offer
Recently, the government increased the deposit limit in these financial instruments, making these schemes more beneficial and attractive. The Post Office Savings Account offers interest at the rate of 4 percent. Investment in this account can be started with a minimum of Rs 500 and there is no maximum investment limit. Latest small savings schemes interest rate: The government has announced the interest rates for post office savings schemes for the final quarter of FY 2024-25. The government will again review the interest rate at the end of March 2025, to announce the interest rates for first quarter of FY 2025-26. Interest rates for small savings schemes, primarily managed by post offices and banks, remain static for the sixth straight quarter. These schemes encompass a range of instruments with competitive interest rates and tax benefits. Popular among these are the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, and Kisan Vikas Patra, each serving as a valuable avenue for wealth creation.
