Latest Post Office Small Saving Schemes Interest rates Apr-June 2018

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What is the applicable latest Post Office Small Saving Schemes Interest rates Apr-June 2018? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Apr-June 2018. Let us see the changes applicable with effective from 1st April 2018.

Earlier the interest rates used to be announced on yearly once. However, now from 2016-17, the rate of interest will be fixed on a quarterly basis. I already wrote a detailed post on this. I am providing the links to those earlier posts below.

Based on these new changes, now onward interest rate will be declared on a quarterly basis. The earlier quarters (FY 2016-17 and FY 2017-18) interest rate can be viewed in my earlier posts “Interest of PPF KVP NSC SCSS and Sukanya Samriddhi for April-June 2016“, “PPF and Sukanya Samriddhi Scheme interest rate July-Sept 2016“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2016”, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Jan-Mar 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates April-June 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates July-Sept 2017“, “PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2017?. and “Latest Post Office Small Saving Schemes Interest rates Jan-March 2018“.

Below is the timetable for change in interest rates for all Post Office Savings Schemes.

Post Office Interest Rate changing Time Table

As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st April 2018 to 30th June 2018.

Latest Post Office Small Saving Schemes Interest rates Apr-June 2018

Just to quickly recap, last quarter, Government reduced around 20 BPS or 0.2% for all its schemes (except Savings Account interest rates, SCSS).

However, for this quarter, Government maintained the same interest rate. Hence, below is the latest Post Office Small Savings Schemes interest rates Apr-June 2018.

Latest Post Office Small Saving Schemes Interest rates Apr-June 2018

Below is the notification in this regard from the Ministry of Finance.

Post Office Small Savings Interest Rates Apr-June 2018

Post Office Small Saving Schemes Interest rates trend FY 2016-17 and 2018-19

Below is the interest rate trend for FY 2016-17 and FY 2018-19.

Post Office Savings Schemes Interest rates comparison FY 2016-17 to FY 2018-19

You notice that only savings account interest rate is same for almost two years. Rest of all products interest rate slowly reduced.

Refer our earlier posts related to Post Office Savings Schemes-

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15 Responses

  1. Dear Sir, thanks for your blogs. Great insight.
    Quick question : When there is change in interest rates, as informed it is now quarterly effective FY 2016 – 2017, does it impact the existing investment ? For instance, I had started the RD 34 months ago. Will this change in interest rate impact the RD rate which was offered 34 months ago ? Require some clarity on this.

  2. Sir on 11.4.18 I invested one lac in NSC , now the rate of interest in NSC is 7.6 % . If I calculate the maturity amount comes 145200.66 but in my nsc pass book it shows 144232.00.

    Kindly advise us what is right.

  3. Which would be better sukanya samridhi plan or investing in mutual fund for similar tenure with fixed amount to be invested every month.

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