Post Office Time Deposit Account is one the post office scheme which offers relatively higher rate of interest. Under this scheme, the amount can be deposited for period of 1 Year, 2 Years, 3 Years & 5 Years.
Tag Archive: India Post Office Schemes
Post Office Recurring Deposit Account is one the post office scheme which can be opened at minimum amount of Rs. 10 / month at the interest rate of 8.4% per annum (quarterly compounded). For ex. If you invested Rs. 20 / Month for 5 years, the amount will be Rs. 1493.06 after maturity.
The Finance Minister re-introduced The Kisan Vikas Patra (KVP) in the budget 2014. The scheme launched in November 2014 by Finance Minister in presence of Minister of Communication & IT. The Kisan Vikas Patra (KVP) Re-Introduced to encourage savings among small investors.