News Archive

29-Sep-16: Interest Rates revised w.e.f. 1-Oct-16

The government has cut interest rates on small savings schemes by 0.1 per cent for the October-December quarter. Now the KVP shall mature in 112 months (9 years 4 months). The complete table is as under:-  

Name of Scheme Interest Rates from
1-Apr-16 to 30-Sep-16
Revised Interest Rates
from 1-Oct-16
 Savings 4.0 4.0
 1 Year TD 7.1 7.0
 2 Year TD 7.2 7.1
 3 Year TD 7.4 7.3
 5 Year TD 7.9 7.8
 5 Year RD 7.4 7.3
 5 Year Senior Citizens Scheme 8.6 8.5
 5 Year MIS 7.8 7.7
 5 Year NSC 8.1 8.0
 PPF 8.1 8.0
 KVP 7.8 7.7
 Sukanya Samriddhi Account Scheme 8.6 8.5

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Commission on KVP has been increased to 1% & Cash Handling Limit is increased to Rs.20000 for SAS & MPKBY Agents. You may see details vide SB order no. 08/2015 & MOF O.M. F.No.2/4/2014-NS.II

Click here to donwload SB order no. 08/2015

Rate of Return on FD has been Increased

The rate of return on fixed deposits for one and two years has been increased to 8.4% from the present 8.2%.


The Government has Increased Interest Rates

W.E.F 01-Apr-14, the government has increased interest rates on a range of popular post-office saving schemes in an apparent move to make small savings more rewarding for millions.


Introducing CBS Banking in all the Post Offices of India

Department of Posts is rapidly introducing CBS banking in all the Post Offices of India. A few of the Post Offices have already implemented CBS.


KVP Scheme re-introduced.

Kisan Vikas Patra (KVP) which was discontinued in Dec 2011 has been again reintroduced.