What is the applicable latest Post Office Small Saving Schemes Interest rates April-June 2019? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Apr-June 2019. Let us see the changes applicable with effective from 1st April 2019.

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.

- Post Office Savings Schemes -Changes effective from 1st, April 2016
- Premature closure of PPF account – New Rules 2016

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?., “Latest Post Office Small Saving Schemes Interest rates Jan-March 2018“, “Latest Post Office Small Saving Schemes Interest rates Apr-June 2018“ “Latest Post Office Small Saving Schemes Interest rates July-Sept 2018“, “Latest Post Office Small Saving Schemes Interest ” and “Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2019“.

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

As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st Jan 2019 to 31st March 2019.

## Latest Post Office Small Saving Schemes Interest rates April-June 2019

Just to quickly recap, last quarter, there was an increase in the interest rate for 1 Yr FD from earlier 6.9% to 7%. Same way, three years Term Deposit interest is slashed from 7.2% to 7%. Interest rate of all other schemes retained the same.

However, this time, the Government not changed the interest of all Post Office Small Saving Schemes Interest Rates for the period of April to June. Hence, there is no change in the interest rate.

## Post Office Small Saving Schemes Interest rates trend FY 2016-17, FY 2018-19 and FY 2019-20

Below is the interest rate trend for FY 2016-17, FY 2018-19 and FY 2019-20.

You notice that after a long gap, there is an increase in interest rate trend of Post Office Savings Schemes.

- All about Public Provident Fund (PPF)
- Public Provident Fund Interest Rate 2018 and 50 Yrs History
- How to open PPF account online in ICICI and SBI Banks?
- PPF and NSC for NRIs – Amendment Rules 2017
- PPF Account for Minor and Wife – Rules, Tax Benefits and Tricks
- How to encash or withdraw NSC bought from different Post Office?
- NSC-Accrued Interest taxation and way to reduce it
- Post Office Monthly Income Scheme or MIS – A complete guide
- Premature closure of PPF account – New Rules 2016
- PPF withdrawal rules & options after 15 years maturity
- Public Provident Fund -20 unknown facts
- 15 Rules of availing Loan against PPF (Public Provident Fund)
- How to transfer PPF Account from Post Office or Bank to another Post Office or Bank?
- Excel PPF Calculator-Calculate goal, loan or withdrawal amounts
- PPF-Loan and Withdrawal
- PPF-When to contribute to get higher returns?
- All about Kisan Vikas Patra (KVP)-2014
- Sukanya Samriddhi Account -When to invest to earn more returns?
- Sukanya Samriddhi Account-An investment scheme for your girl child
- Post Office Senior Citizen Scheme (SCSS)-Benefits and Interest Rate
- NSC and KVP in e-mode and Passbook mode from 1st July 2016
- How to transfer NSC from one person to another?
- India Post Help Centre and a Toll-Free Number 1924 features

## 26 Responses

From our Post office app(postinfo ver 2.6, android 4.0), the maturity value for 1.0 Lakh TD for 5 yrs with 7.8% rate is only 140155/-. If it is calculated quarterly, it should be Rs147144/-.When contacted, the postmaster shown me the app and amount. What kind of calculation are they doing??? It is simply cheating then.

Dear Raj,

You did right that you calculated. But sadly many blindly follow. Post Office apps or website not update regularly.

Thanks! I Checked the available ready reckoners too! Calculation procedure is pathetic! The effective interest is coming 6.8 %(compounding quarterly). Please correct your page too, if it is so!

Dear Raj,

Whatever I have mentioned above is correct. The issue is they not update it often.

MIS current interest rate is 7.3 % as per Indian post office website..

Dear Janu,

I think they have not updated it. The above post is written based on Govt Notification.

Dear Basu,

I have investing in PPF and Sukanya samriddh scheme via banks and not through post office.If bank is bankrupt or any reason we know about insurance upto 1 lakh for fixed deposit.What about PPF and SSS above.Are hey safe and we will get full amount on maturity and can invest every year and can get entire amount or not if bank goes bankrupt?

Dear Ravi,

PPF and SSY are the products launched by Government of India and whether it is bank or Post Office, they are acting just like a service provider. Hence, your money will be safe even if the bank goes bankrupt.

Hi ,

Your posts were very helpful.Thank you for the detailed explanations.

Also, can you please clarify below ?

Post office time deposit for 5 year term means .It will get matured after 5 years.So do we get yearly 7.8% interest …or yearly interest for each years till 5th years will be credited on maturity of 5 years?

Also please confirm i here any TDS on interest amount in all post office 8 schemes or not

Dear Surekha,

Yes, the interest rate at which you will book the FD will remain same up to maturity. Yes, there will be TDS on the earning. But do remember that avoiding TDS does not mean avoiding tax.

Thank you..Are all Post office schemes has TDS except PPF? please clarify..What about time deposit (Post office term deposit has TDS?)

Also, how interest will be credited if we invest for 5 years Post office Time (term) deposit..

Is interest given every year or entire inetrest for each 5 years together in maturity in 5th year? please explain

Dear Surekha,

Yes, except PPF all other instruments have TDS feature. For 5 Yrs FD the interest will be payable at maturity.

Hi ,

I came to know that bank FDs are not safe in case of crisis since we have only 1 lakh under Deposit Insurance and Credit Guarantee Corporation.

So for senior citizens is it better to invest entire retirement money or part of it ( say 1 crore) in Post office time deposit

(which is similar like FD) where principal is safe and earn interest also.

even though we have schemes like senior citizen saving scheme we can invest only 15 lakhs in it.So thinking about Post office time deposit

also please clarify below points

1)Also do Post office time deposit give

a)monthly interest on principal amount or

b)only yearly or

c)entire interest 5 years on maturity?

2)Can we extend Post office TIME Deposit after 5 years maturity (like PPF) each time in block of 5 years?

.

Please suggest if this is a good scheme for retirees for capital e protection and earn interest?

Dear Suresh,

Risk is everywhere. Even the money you keep in a savings account is also risky nowadays. Hence, managing the risk is the way forward for you. Regarding the options for senior citizens, why not you explore SCSS, MIS, Term Deposit of Post Office, Pradhan Mantri Vaya Vandana Yojana or LICs Jeevan Akshay VI?

Hi Basavaraj,

Above i mentioned Post Office Term deposit or Post office time deposit..here unlike FD in bank where there is a risk of 1 lakh insurance..in Post office time or Term deposit …the capital is safe right in Post office term deposit (Post office time deposit)…Please confirm

Dear Sandeep,

YES.

Hi Sir, I regularly follow your articles. Very informative! Just wish to know about Post Office Monthly Income scheme interest rate. You have given 7.7% p.a. in the table. But, I think it is 7.3% p.a. Can you just confirm on it. Thanks!

Dear Harleen,

I think you are referring to the Post Office website, which they have not yet updated for the current interest rate. As per my knowledge, the interest I mentioned in the above post is correct.

Sir maine SCSS account 8th march 2019 ko open kiya tha. To uspe 1st interest instalment kab milega. I mean april or july 2019

Dear Rajinder,

It will be on 30th June.

Thanks sir. And march ka b interest milega. Banks bahute mushkil se kholte hai SCSS & PPF accounts.

Dear Rajinder,

They have to do the service.

Sir

Please write about today’s news “SC clears path for pension to rise manifold for employees in all firms”. I failed to understand the meaning.

Thank you.

Anand Joshi

Dear Anand,

Sure and thanks for sharing.

Very useful blog..you have come out with this post detailing changes in the interest rates very fast after the authorities declared the same.

Data on interest rates of earlier periods is also very useful..

Thank you

Dear Pichai,

Pleasure 🙂