Latest KVP interest rate is 7%, which is compounded annually and paid on maturity. Kisan Vikas Patra (KVP) would double your money in the post office. NSC Vs 5 Year Tax Saving FD – Which is better? While there is no maximum limit, investment in NSC up to Rs 1.5 Lakhs in a financial year qualifies for income tax deduction u/s 80c.

The NSC interest rate is 6.8%, compounded annually and paid on maturity. Post office RD interest rate is comparable and more or less same compared to major commercial banks. This RD interest rate is compounded every quarter. Post office RD is offered for 5 years tenure.Ĭurrent Post office RD rate is 5.8% per annum These FD rates are compounded every quarter.ĥ year FD is eligible for income tax deduction u/s 80c up to Rs 1.5 Lakhs. Post Office interest rates on FD for 1 to 5 years tenure is in the range of 5.5% to 6.7%. Post office offers term deposits (FDs) for the tenure of 1 year, 2 years, 3 years and 5 year period. Here are the key features of post office small saving schemes. revised rates (Oct to Dec-22).įeatures of Post Office Small Saving Schemes Here is the existing interest rates (Jul to Sep-22) vs. No change in interest rates for all other schemes.KVP interest rate increased from 6.9% to 7%.MIS scheme rate increased from 6.6% to 6.7%.SCSS interest rate increased from 7.4% to 7.6%.3 Year FD interest revised from 5.5% to 5.8%.2 Year FD interest rate revised from 5.5% to 5.7%.Latest Post Office interest rates for Oct to Dec-2022 indicate that the Ministry of Finance has revised the interest rates for 5 post office small saving schemes.

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