Revised Indian Post office interest rates w.e.f. 1.4.2015

Posted on by Venkata Ramani

Scheme Rate of interest 2015-16(%)
Post office savings bank 4.0
1 year Time Deposit 8.4
2 year Time Deposit 8.4
3 year Time Deposit 8.4
5 year Time Deposit 8.5
5 year Recurring Deposit 8.4
5 year Sr. citizen scheme (SCS) 9.3
5 year Monthly income scheme(MI) 8.4
5 year National savings certificate(NSC) 8.5
10 year NSC 8.8
Public Providend Fund (PPF) 8.7
Kisan vikas Patra 8.7
Sukanya Samriddi account( for female child) 9.2

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I am a Cost Accountant having worked in finance for 32 years in Coal India Ltd, I opted for VRS in 2007. After this, I worked for Dun & BradStreet for an world bank assignment concerning pricing and profitability of bank products. In this connection, I visited I&M bank, Kenya, Africa. I worked as Sr.Cost consultant with Jasmin Infotech, a good growing embedded software company in Chennai. Bharathiya nari is my additional site manned by my wife Mrs. Nirmala Ramani who is basically a medical transcript, ex.convent teacher .She writes the articles covering cooking, culture, tourism etc. To see my articles in finance, readers can visit ramadvice.wordpress.com. My son CV Ram is the main fulcrum of the site.