What are the Post Office small savings schemes available in India?

India Post offers 9 key savings schemes: Savings Account (SB), Recurring Deposit (RD), Time Deposit (TD) in 1/2/3/5-year tenures, Monthly Income Scheme (MIS), Senior Citizens Savings Scheme (SCSS), Public Provident Fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), and Mahila Samman Savings Certificate (MSSC).

Which Post Office scheme gives the highest interest rate?

As of 2024-25, SCSS offers the highest rate at 8.2% per annum among Post Office schemes, followed by MSSC at 7.5% and PPF at 7.1%.

Is Post Office MIS taxable?

Yes, the monthly interest earned from Post Office MIS is fully taxable as per your income tax slab. However, TDS is not deducted at source by the Post Office.

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Showing 22 of 22 Plans

1. Post Office Small Savings Schemes (POSB)

Sovereign government small savings accounts with guaranteed quarterly yields and tax benefits.

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4.0% p.a.

Post Office Savings Account (SB)

Instant liquid government savings account offering 4.0% p.a. interest, ATM card, Cheque facility, and seamless IPPB mobile banking linking.

Min Deposit ₹500 Sec 80TTA (₹10K Exemption)

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6.7% p.a.

5-Year Recurring Deposit (RD)

Systematic monthly disciplined savings compounded quarterly. Allows partial withdrawal up to 50% after 1 year and advance deposit rebates.

Min ₹100/month Taxable (No TDS)

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6.9% to 7.5% p.a.

Time Deposit / Fixed Deposit (TD)

High-yield guaranteed fixed deposits available in 1, 2, 3, and 5-year tenures. 5-Year Time Deposit qualifies for Section 80C tax deduction up to ₹1.5 Lakh.

Min ₹1,000 Sec 80C (5-Yr Term)

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7.4% p.a.

Monthly Income Scheme (MIS)

Guaranteed monthly cash flow income scheme for 5-year tenure. Interest is automatically credited every month into your Post Office Savings Account.

Max ₹9L (Single) / ₹15L (Joint) Taxable (No TDS)

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8.2% p.a.

Senior Citizen Savings Scheme (SCSS)

Highest-yielding sovereign retirement income scheme with quarterly interest payouts direct to bank. Eligible for Section 80C tax deduction and 80TTB exemption.

Max ₹30 Lakh Sec 80C & 80TTB

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7.1% p.a.

Public Provident Fund (PPF)

Flagship sovereign wealth builder with complete Triple-E (Exempt-Exempt-Exempt) status. Principal, interest earned, and maturity proceeds are 100% tax-free.

Min ₹500 - Max ₹1.5L/yr 100% Tax-Free (EEE)

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8.2% p.a.

Sukanya Samriddhi Account (SSY)

India's highest interest rate sovereign savings account dedicated to financing higher education and marriage for girl children up to 21 years.

Min ₹250 - Max ₹1.5L/yr 100% Tax-Free (EEE)

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7.7% p.a.

National Savings Certificate (NSC VIII)

Secured 5-year cumulative investment certificate. Interest compounded annually and paid at maturity, with annual interest deemed reinvested u/s 80C.

Min ₹1,000 Sec 80C Eligible

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7.5% p.a.

Kisan Vikas Patra (KVP)

Guaranteed wealth doubler backing 200% return on investment in 115 months (9 years & 7 months). Transferable between post offices and individuals.

Min ₹1,000 Taxable

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7.5% p.a.

Mahila Samman Savings Certificate (MSSC)

Special 2-year high return deposit for women and girl children with partial withdrawal up to 40% permitted after completion of 1 year.

Max ₹2 Lakh Taxable

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2. Postal Life Insurance (PLI)

Highest bonus life insurance policies for Central/State Govt, PSU, Armed Forces, Defense & Professionals.

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₹76 / ₹1K SA

Suraksha (Whole Life Assurance)

Maximum life insurance protection with India's highest declared bonus rate of ₹76 per ₹1,000 Sum Assured per annum. Payable at Age 80 or on prior death.

SA: ₹20K to ₹50 Lakh Cover to Age 80

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₹52 / ₹1K SA

Santosh (Endowment Assurance)

Most popular endowment savings plan offering guaranteed maturity corpus with accumulated bonus at selected maturity ages (35, 40, 50, 55, 58, or 60 years).

SA: ₹20K to ₹50 Lakh Mat: 35, 40, 50, 55, 58, 60

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₹76 / ₹1K SA

Suvidha (Convertible Whole Life Assurance)

Whole Life Assurance policy offering the option to convert into an Endowment Assurance plan at the completion of 5 policy years.

SA: ₹20K to ₹50 Lakh Convertible at 5 Yrs

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₹48 / ₹1K SA

Sumangal (Anticipated Endowment AEA)

Periodic money-back survival payouts (20% at intervals + 40% plus full accrued bonus at maturity) with full sum assured death risk cover.

SA: ₹20K to ₹50 Lakh 15 & 20-Year Terms

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₹52 / ₹1K SA

Yugal Suraksha (Joint Life Assurance)

Comprehensive dual life cover for husband and wife under a single unified policy with Section 80C tax rebate and joint death risk coverage.

SA: ₹20K to ₹50 Lakh Joint Husband & Wife

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₹52 / ₹1K SA

Bal Jeevan Bima (Children Policy)

Dedicated life insurance coverage for up to 2 children of existing PLI policyholders with no premium payable on parent's death.

SA: Max ₹3 Lakh Child Age 5 to 20 Yrs

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3. Rural Postal Life Insurance (RPLI)

Affordable, high-bonus life insurance policies tailored for all residents of Rural India.

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₹60 / ₹1K SA

Gram Suraksha (Rural Whole Life)

High-bonus rural protection plan with life insurance coverage up to Age 80 at minimal monthly premiums.

SA: ₹10K to ₹10 Lakh Cover to Age 80

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₹48 / ₹1K SA

Gram Santosh (Rural Endowment Assurance)

Assured guaranteed maturity sum for rural families with full death risk benefit during the policy term.

SA: ₹10K to ₹10 Lakh Mat: 35, 40, 50, 55, 58, 60

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₹60 / ₹1K SA

Gram Suvidha (Rural Convertible Whole Life)

Low-cost whole life rural policy offering option to convert into Gram Santosh endowment plan at 5 policy years.

SA: ₹10K to ₹10 Lakh Convertible at 5 Yrs

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₹45 / ₹1K SA

Gram Sumangal (Rural Money-Back AEA)

Periodic cash-back survival milestones for rural financial needs while maintaining full sum assured life cover.

SA: ₹10K to ₹10 Lakh 15 & 20-Year Terms

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₹45 / ₹1K SA

Gram Priya (10-Year Rural Money Back)

Short 10-year policy with money-back returns at 4th year (20%), 7th year (20%), and 10th year (60% + full bonus).

SA: ₹10K to ₹10 Lakh 10-Year Fixed Term

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₹48 / ₹1K SA

Gram Bal Jeevan Bima (Rural Children)

Special rural children life insurance policy for up to 2 children of Gram Dak Sevaks and rural policyholders.

SA: Max ₹1 Lakh Child Age 5 to 20 Yrs

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Post Office Savings Schemes & Life Insurance Plans

Government Backed

1. Post Office Small Savings Schemes (POSB)

Post Office Savings Account (SB)

5-Year Recurring Deposit (RD)

Time Deposit / Fixed Deposit (TD)

Monthly Income Scheme (MIS)

Senior Citizen Savings Scheme (SCSS)

Public Provident Fund (PPF)

Sukanya Samriddhi Account (SSY)

National Savings Certificate (NSC VIII)

Kisan Vikas Patra (KVP)

Mahila Samman Savings Certificate (MSSC)

2. Postal Life Insurance (PLI)

Suraksha (Whole Life Assurance)

Santosh (Endowment Assurance)

Suvidha (Convertible Whole Life Assurance)

Sumangal (Anticipated Endowment AEA)

Yugal Suraksha (Joint Life Assurance)

Bal Jeevan Bima (Children Policy)

3. Rural Postal Life Insurance (RPLI)

Gram Suraksha (Rural Whole Life)

Gram Santosh (Rural Endowment Assurance)

Gram Suvidha (Rural Convertible Whole Life)

Gram Sumangal (Rural Money-Back AEA)

Gram Priya (10-Year Rural Money Back)

Gram Bal Jeevan Bima (Rural Children)

No Matching Schemes Found