Most up-to-date Put up Place of work Desire Premiums

The Ministry of Finance has unveiled a circular indicating the new fascination charges on article office environment techniques relevant for the Jul-24 to Sep-24 quarter. Article Office schemes are confirmed by Govt of India, that’s why these are safe and sound financial investment alternatives. This short article will provide the Latest Article Business office Interest Premiums for Jul-24 to Sep-24 time period.

Post Office environment Fascination Premiums Notification for Jul-24 to Sep-24
Ministry of Finance has notified new interest prices on article place of work applicable for the period of time 1-Jul-24 to 30-Sep-24. There is no transform in curiosity prices compared to past quarter. Here is the notification.

Put up Business Fascination Charges Desk – Jul-24 to Sep-24
Down below is the most recent interest premiums table relevant for Jul-24 to Sep-24.

FAQs on Put up Business office Modest Saving Scheme Interest Charges
What are the Write-up Business office Fascination Charges for Senior Citizens?
There are no special premiums for Sr. Citizens in Write-up Place of work besides for SCSS which is relevant only to senior citizens. Put up business interest charges are exact for common people today as very well as to senior citizens.

What is the desire of 1 Lakh FD in Submit office environment?
Post workplace time deposit, i.e. preset deposit is supplied for 1, 2, 3 and 5 a long time tenure. The revised fascination charges array between 6.9% to 7.5%, compounded every quarter.  With quarterly compounding, 1 lakh FD in the article workplace would fetch the adhering to fascination quantities:

1 Yr time deposit – Rs 7,080
2 12 months time deposit – Rs 14,888
3 12 months time deposit – Rs 23,507
5 Calendar year time deposit – Rs 44,995

The previously mentioned are approximate quantities, and actual figures might fluctuate.
Which Article Place of work Strategies provides the greatest return?
Publish Place of work schemes gives maximum interest premiums for SCSS and Sukanya Samriddhi Yojana @ 8.2% for each annum.
Is Put up Office environment 100% Risk-free?
All post workplace schemes are 100% as these are backed by Indian Governing administration.
Can I double my cash in 5 several years in submit office?
No, you are not able to double your income in 5 decades. Publish place of work gives Kisan Vikas Patra (KVP) the place your income would get doubled in 115 months.
Who Can Make investments in the Publish Place of work Monthly Money Plan?
The Put up Business office Month to month Cash flow Scheme (MIS) is offered to individuals seeking frequent monthly earnings. The greatest financial investment restrict is Rs 9 Lakhs for men and women and Rs 15 Lakhs on a joint foundation.
How can I get 10,000 curiosity regular monthly from smaller conserving schemes?
Among all the strategies, the Every month Income Plan (MIS) presents a month to month payout of curiosity prices. Nevertheless, the POMIS plan has a optimum financial commitment limit of Rs 9 Lakhs for men and women and Rs 15 Lakhs for joint holdings (revised in the 2023 price range). If you have invested Rs 9 Lakhs on an person basis, a single can assume Rs 5,550 per thirty day period (approx) as fascination income.
Reduced possibility buyers can decide for Ultra Quick Time period Mutual Cash and devote Rs 15 Lakhs and create a Systematic Withdrawal Plan (SWP) to get Rs 10,000 just about every month. The total withdrawn is largely the returns from these kinds of a brief-expression fund, and 1 can withdraw the principal sum at any time.
Which scheme is the greatest in the submit business office in 2024?
The Write-up Workplace delivers several cost savings strategies, every single with its exclusive options.

If you are trying to find the greatest curiosity savings plan for a woman child, then decide for the Sukanya Samriddhi Plan.
If you want to double your cash with zero-possibility, look at the Kisan Vikas Patra (KVP).
If you are on the lookout for tax cost savings under portion 80C, up to Rs 1.5 Lakhs, with a least lock-in period amongst tiny conserving strategies, you can select the Countrywide Price savings Certification (NSC).
For generating prosperity for the prolonged phrase with zero risk, the General public Provident Fund (PPF) is a appropriate alternative. Examine How to transfer your PPF account from the Article business to bank or from one financial institution to another bank?

Will Post Office environment Interest Fees Table for 2024 Change Each Quarter?
The Ministry of Finance, Government of India, evaluations the fascination charges for tiny saving schemes each and every quarter and would make correct amendments.

Suresh KP is the Founder of Myinvestmentideas. He is NISM Accredited – Investment decision Adviser and NISM Qualified – Investigation Analyst. He has been analyzing financial markets in the previous 20 a long time.He can be attained at suresh@myinvestmentideas.com Latest posts by Suresh KP (see all)