Are you a saver? Do you want extra returns on your savings(when compared to banks)?Here’s a good news for you!
Those who prefer guaranteed returns with government sovereign guarantee, Postal savings are a good option. When compared to banks their interest rates are slightly higher.
Due to covid fears central government kept small saving schemes interest rates unchanged consequently from financial year 2020-21. With this changes interest rates of small saving schemes are as follows-
| Postal Saving Scheme | Applicable Interest Rate For Quarter January-March2022 |
| Postal Savings a/c | 4% |
| Postal Monthly Income Scheme(POMIS) | 6.6% |
| National Savings Certificate | 6.8% |
| Public Provident Fund | 7.1% |
| Sukanya Samrriddhi Yojana | 7.6% |
| Senior Citizen Saving Scheme | 7.4% |
| Recurring Deposit(5 Years) | 5.8% |
| 1 Year Term Deposit | 5.5% |
| 2 Year Term Deposit | 5.5% |
| 3 Year Term Deposit | 5.5% |
| 5 Year Term Deposit | 6.7% |
| Kisan Vikas Patra | 6.9% |
So savers why late?Hurry on to Grab the offer! As Postal saving schemes carries higher interest rate when compared to banks this is the best offer to you
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