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Latest Post Office Small Saving Schemes Interest rates July-Sept 2018

July 2, 2018by Basavaraj Tonagatti

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

  • 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“ and “Latest Post Office Small Saving Schemes Interest rates Apr-June 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 July 2018 to 30th Sept 2018.

Latest Post Office Small Saving Schemes Interest rates July-Sept 2018

Just to quickly recap, last quarter, Government maintained the same interest rate for all Post Office Small Savings Schemes.

However, for this quarter also, Government maintained the same interest rate. Now it is consecutive three quarters that the interest rates of Post Office Small Savings Schemes remained stable. Below is the latest Post Office Small Savings Schemes interest rates July-Sept 2018.

Latest Post Office Small Saving Schemes Interest rates July-Sept 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 this is the third quarter Government maintaining the same interest rate for all Post Office Small Savings Schemes.

Refer our earlier posts related to Post Office Savings Schemes-

  • All about Public Provident Fund (PPF)
  • 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
Category: EPF and PPF, Investment PlanningTag: Latest Post Office Small Saving Schemes Interest rates July-Sept 2018

About Basavaraj Tonagatti

Basavaraj Tonagatti is the man behind this blog. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. He is not associated with any Financial product/service provider. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

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Reader Interactions

Comments

  1. Sanjeev

    August 18, 2018 at 1:20 PM

    What is the agent commission for NSC and does it get deducted from our deposit or paid by post office separately.
    Also considering NSC has better rates than KVP , does KVP has any benefits over NSC?

    Reply
    • Basavaraj Tonagatti

      August 18, 2018 at 8:31 PM

      Dear Sanjeev,
      I am not sure about agent’s commission. However, I am sure that it is not deducted from your side. It will be compensated by Post Office. Regarding which is best between NSC and KVP, it purely depends on your financial goal. Hence, hard for me to suggest anything blindly.

      Reply

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