Post Office Investment Scheme Apply Online | Post Office Investment Scheme Application Form | Post Office Investment Scheme Interest Rate Calculator
There are several types of investment schemes available in India by the post office organization and if you want to invest your money in a profitable scheme then you can take into consideration the investment schemes available by the post office India organization. Given below, we are sharing the details of the Post Office Investment Scheme 2022. We will also share with all of you the specifications of the Interest Rate Calculator, Types & Benefits. You can easily apply for the various schemes by taking into consideration the step-by-step procedure presented by us given below.
Table of Contents
Post Office Investment Scheme 2022
There are a lot of different types of investment schemes available by post office India and the residents can apply for the schemes by taking into consideration the step-by-step procedure presented by the organisation through their official website. You can apply for the various schemes presented by post office India by taking into consideration the information available on the official website and you will also be able to take into consideration the application form available at the official website to start your investment. The candidate will be able to fill out the application form according to the scheme that they want to apply for presented by the post office.
Post Office Monthly Income Scheme
Types Of Scheme
We are sharing the various types of investment schemes available by the post office of India in the list given below:-
- Post Office Savings Account(SB)
- National Savings Recurring Deposit Account(RD)
- National Savings Time Deposit Account(TD)
- National Savings Monthly Income Account(MIS)
- Senior Citizens Savings Scheme Account(SCSS)
- Public Provident Fund Account(PPF )
- Sukanya Samriddhi Account(SSA)
- National Savings Certificates (NSC)
- Kisan Vikas Patra (KVP)
Application Fee
Given below, we are sharing the application fees that you will have to submit for this recruitment:-
- Issue of duplicate passbook – Rs. 50.
- Issue of the statement of account or deposit receipt-Rs. 20 in each case.
- Issue of passbook in lieu of lost or mutilated certificate –Rs. 10 per registration.
- Cancellation or change of nomination –Rs. 50
- Transfer of account – Rs. 100
- Pledging of account – Rs. 100
- Issue of cheque book in Savings Bank Account – No fee for upto10 leaves in a calendar year and thereafter at Rs. 2 per cheque leaf.
- Charges on dishonour of cheque-Rs. 100
Minimum Amount Account
You will have to submit a minimum amount to your post office account and given below, we are sharing the details:-
- Post Office Savings Account(SB)
- Minimum INR 500/- for opening
- National Savings Recurring Deposit Account(RD)
- Minimum INR 100/- per month or any amount in multiples of INR 10/-. No maximum limit.
- National Savings Time Deposit Account(TD)
- Minimum INR 1000/- and in multiple of 100. No maximum limit.
- National Savings Monthly Income Account(MIS)
- In multiples of INR 1000/-
- Maximum investment limit is INR 4.5 lakh in a single account and INR 9 lakh in a joint account
- An individual can invest a maximum of INR 4.5 lakh in MIS (including his share in joint accounts)
- For calculation of the share of an individual in a joint account, each joint holder have an equal share in each joint account.
- Senior Citizens Savings Scheme Account(SCSS)
- There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 lakh.
- Public Provident Fund Account(PPF )
- Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
- Deposits can be made in lump-sum or in instalments.
- Sukanya Samriddhi Account(SSA)
- Minimum INR. 250/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiples of INR 50/- Deposits can be made in lump-sum No limit on a number of deposits either in a month or in a Financial year
- National Savings Certificates (NSC)
- Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit
- Kisan Vikas Patra (KVP)
- Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum Limit.
Eligibility Criteria
You must follow the following eligibility criteria to apply for this post office scheme:-
- Post Office Savings Account(SB)
- Who can open:-
- (i)a single adult
- (ii)two adults only (Joint A or Joint B)
- (iii)a guardian on behalf of minor
- (iv)a guardian on behalf of a person of unsound mind
- (iv)a minor above 10 years in his own name
- Only one account can be opened by an individual as a single account
- Only one account can be opened in the name of minor/above 10 years of age (self)/person of unsound mind
- In case of death of a Joint holder, the surviving holder will be the sole holder if surviving holder already has a single account in his/her name, Joint account have to be closed
- Conversion of single to joint account or vice versa is not allowed
- Nomination is mandatory at the time of opening of account
- Minor after attaining majority has to submit fresh account opening form and KYC documents of his/her name at concerned Post Office for conversion of the in his/her name
- Who can open:-
- National Savings Recurring Deposit Account(RD)
- Who can open:-
- (i) a single adult
- (ii) Joint Account (up to 3 adults) (Joint A or Joint B)
- (iii) a guardian on behalf of minor
- (iv) a guardian on behalf of person of unsound mind
- (iv) a minor above 10 years in his own name.
- Any number of accounts can be opened.
- Who can open:-
- National Savings Time Deposit Account(TD)
- Who can open:-
- (i) a single adult
- (ii) Joint Account (up to 3 adults) (Joint A or Joint B)
- (iii) a guardian on behalf of minor
- (iv)a guardian on behalf of a person of unsound mind
- (v) a minor above 10 years in his own name.
- Any number of accounts can be opened.
- Who can open:-
- National Savings Monthly Income Account(MIS)
- Who can open:-
- (i) a single adult
- (ii) Joint Account (up to 3 adults) (Joint A or Joint B))
- (iii) a guardian on behalf of minor/ person of unsound mind
- (iv) a minor above 10 years in his own name.
- Who can open:-
- Senior Citizens Savings Scheme Account(SCSS)
- Who can open:-
- (i) An individual above 60 years of age.
- (ii) Retired Civilian Employees above 55 years of age and below 60 years of age, subject to the condition that investment is made within 1 month of receipt of retirement benefits.
- (iii) Retired Defense Employees above 50 years of age and below 60 years of age, subject to the condition that investment is made within 1 month of receipt of retirement benefits.
- (iv) Account can be opened as individual capacity or jointly with spouse only.
- (v) The whole amount of deposit in a joint account shall be attributable to the first account holder only.
- Who can open:-
- Public Provident Fund Account(PPF)
- Who can open:-
- (i) a single adult by a resident Indian.
- (ii) a guardian on behalf of a minor/ person of unsound mind.
- Only one account can be opened all across the country either in Post Office or any Bank.
- Who can open:-
- Sukanya Samriddhi Account(SSA)
- Who can open an account:-
- By the guardian in the name of a girl child below the age of 10 years.
- Only one account can be opened in India either in Post Office or in any bank in the name of a girl child.
- This account can be opened for a maximum of two girls in a family. Provided in case of twins/triplets girls birth more than two accounts can be opened.
- Who can open an account:-
- National Savings Certificates (NSC)
- Who can open:-
- (i) a single adult
- (ii) Joint Account (up to 3 adults)
- (iii) a guardian on behalf of minor or on behalf of a person of unsound mind
- (iv) a minor above 10 years in his own name.
- Who can open:-
- Kisan Vikas Patra (KVP)
- Who can open:-
- (i) a single adult
- (ii) Joint Account (up to 3 adults)
- (iii) a guardian on behalf of minor or on behalf of a person of unsound mind
- (iv) a minor above 10 years in his own name.
- Who can open:-
Interest Rate Calculator
Given below, we are sharing the details of the interest rates that you will be eligible for in these post office schemes:-
| Instruments | Rate of interest w.e.f 01.04.2020 to 31.12.2020 | Compounding Frequency |
| Post Office Savings Account | 4.0 | Annually |
| 1 Year Time Deposit | 5.5(Annual Interest R. 561 on Rs. 10000 deposit) | Quarterly |
| 2 Year Time Deposit | 5.5(Annual Interest R. 561 on Rs. 10000 deposit) | Quarterly |
| 3 Year Time Deposit | 5.5(Annual Interest Rs. 561 on Rs. 10000 deposit) | Quarterly |
| 5 Year Time Deposit | 6.7(Annual Interest R. 687 on Rs. 10000 deposit) | Quarterly |
| 5 Year Recurring Deposit Scheme | 5.8 Maturity value for Rs. 100 Dn. 5 Year = 6969.67 After extension with deposit. 6 Year = 8620.98 7 Year= 10370.17 8 Year= 12223.03 9Year= 14185.73 10Year=16264.76 | Quarterly |
| Senior Citizen Savings Scheme | 7.4(Quarterly interest Rs. 185 on Rs. 10000 deposit) | Quarterly and Paid |
| Monthly Income Account | 6.6(Monthly int. Rs. 55 on Rs. 10000 deposit) | Monthly and paid |
| National Savings Certificate (VIII Issue) | 6.8(Maturity Value Rs. 1389 for Rs.1000 deposit) Accrued Interest for IT purpose for Rs. 1000 Dn. 1stYear= Rs.68.00 2ndYear=Rs.72.62 3rd Year=Rs.77.56 4th Year=Rs.82.84 5th Year=Rs.88.47 | Annually |
| Public Provident Fund Scheme | 7.1 | Annually |
| Kisan Vikas Patra | 6.9 (will mature in 124 months) | Annually |
| Sukanya Samriddhi Account Scheme | 7.6 | Annually |
Application Procedure
We will also share with all of you the step-by-step procedures through which you will be able to apply for this scheme:-
- The candidates will have to first submit the following documents at the desired post office-
- Account Opening Form
- KYC Form (For new customer/modification in KYC details))
- PAN Card
- Aadhaar card, if aadhar is not made available the following document may be submitted.
- 1. Passport 2. Driving license 3. Voter’s ID card 4. Job card issued by MNREGA signed by the State Government officer 5. Letter issued by the National Population Register containing details of name and address.
- Proof of date of birth/birth certificate in case of minor account. (Birth certificate is mandatory in Sukanya Samriddhi Account).
- For Joint Account, KYC documents for all joint holders to be submitted.
- For minor accounts, KYC detail of guardians to be submitted
- You need to open the details of your account and then you will be able to apply for the scheme.
FAQs For Post Office Investment Scheme 2022
You can apply for the post office investment scheme online by visiting your nearest post office branch and filling in the application form.
The applicant will be provided with interest rates available annually in the various post office investment schemes.
The candidates need to submit identification documents and other documents in order to apply for the post office investment scheme.
The candidates will have to submit the application fees taken into consideration the various schemes available by the post office.