What is the applicable latest Post Office Small Saving Schemes Interest rates July-Sept 2019? The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates July-Sept 2019. Let us see the changes applicable with effective from 1st July 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 2019-20) 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 ”, “Latest Post Office Small Saving Schemes Interest rates Jan-Mar 2019“ and “Latest Post Office Small Saving Schemes Interest rates April-June 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 July 2019 to 30th September 2019.
Latest Post Office Small Saving Schemes Interest rates July-Sept 2019
Just to quickly recap, last quarter, there was no change in interest rates of all schemes.
However, this time, the Government reduced the interest of all Post Office Small Saving Schemes Interest Rates (except savings account interest rate, which was retained at 4%) for the period of July to September for 10 basis points. It is all due to the falling interest rate in Bank FDs and also due to RBI reduced the interest rate in its recent monetary policy.
Post Office Small Saving Schemes Interest rates trend of last one year
Below is the interest rate trend for last one year.
You notice that after a long gap, even though the current interest rate reduced to 10 basis points, but in the last one year, the period of July-Sept 2018 was the lowest. After that, it is a steady up and down but not so drastic fall like 2nd quarter 2018.
- 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
My Interview in Chandana TV Shubhodaya Karnataka Episode
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GL Narayanan
Informative article.
Need your guidance in following. Is MIS scheme of Post office safe? I have invested 15 lakhs in DHFL (FD), looks like I will lose the amount. What can I do to recover? Investing in FDs , even banks is terrifying for me now. I have 5 lakhs in PNBHFL, thinking of taking it out. I need interest on a monthly basis for household expenses. Can I put this amount in MIS or Liquid mutual fund ?
Basavaraj Tonagatti
Dear Narayanan,
Yes, Post Office MIS safe than DHFL FD. Regarding which is best suitable for you, it is hard to suggest blidnly.
GL Narayanan
Thanks for the reply. Is overnight MF safe to invest?
Basavaraj Tonagatti
Dear Narayanan,
Yes.
Gopal
Highly informative to find all info about P.O schemes and other links you have given. As always, your blog explains everything very clearly without ambiguity and aids immensely towards Financial planning.
Basavaraj Tonagatti
Dear Gopal,
Pleasure 🙂
rohit
Nice to find the list of everything that i need at one place.
Now i understand why financial planning is necessary and what a financial planner do.
Keep posting such content.