Post Office Saving Scheme


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The Post Office Saving Scheme includes a chain of schemes that provide harmless and trustworthy returns on investment. The Post Office Schemes can be found across all the post offices around India. PFF is one of the most renowned and popular examples of this scheme that functions in 8200 branches of the public sector banks along with post offices in every city of India.

Saving Schemes

Below is a list of schemes that are included in the Post Office Saving Schemes:

  • Post Office Savings Account
  • Post Office Time Deposit Account (TD)
  • Post Office Monthly Income Scheme Account (MIS)
  • Public Provident Fund (PPF) Account for 15 years
  • Five Years Post Office Recurring Deposit Account (RD)
  • Senior Citizen Savings Scheme (SCSS)
  • National Savings Certificates (NSC)
  • Sukanya Samriddhi Accounts (SSA)
  • Kisan Vikas Patra (KVP)

Advantages of Investing in Post Office Saving Schemes

  • Simple to Invest

These schemes are the best for rural and urban investors, both, because they are easy to invest in and enroll in at the same time.

  • Easy process of enrollment

Post Office Scheme require only some documentation formalities from the investors. It is assured that the investment in these schemes are simply to opt through the organized steps and procedures.

  • Long Term investment of money

Just like the PPF Scheme has an investment period of 15 years, similarly, almost all the Post Office Schemes are long term schemes that give the investors an opportunity to save for long term investments and goals.

  • Good Interest Rate

An interest rate of 4 per cent to 9 per cent falls under all the scheme under the Post Office investment. This is considered to be a good range of interest rates.

  • Investing with little risk

Being government schemes, the Post Office Saving Schemes are all absolutely risk-free or involve very little risk.

  • Tax Break

The majority of Post Office Schemes offer a tax credit under Section 80C of the Income Tax Act on the amount deposited by the investor. Some programmes, such as SCSS, Sukanya Samriddhi Yojana, PPF, and others, grant tax exemption on interest earned.

  • Various schemes to meet the needs of everyone

Post Office Saving Schemes are a collection of schemes that can be purchased according on one’s needs.

Who can invest?

Any investor seeking for a low-risk investment portfolio with a high return can consider post office savings programmes. Saving avenues such as Public Provident Funds, Sukanya Samriddhi Accounts, National Savings Certificates, and so on offer zero financial risk and a competitive interest rate. The minimal amount of investment is cheap, making it an attractive investment outlet for persons from lower socioeconomic classes.

How to Apply for the Post Office Saving Scheme?

  • Step 1: Go to your selected post office location.
  • Step 2: Obtain the account opening form for the desired post office programme in which you intend to invest. The paperwork can also be downloaded at the Indian Post’s official website.
  • Step 3: Complete the form with all of the right information and send it along with the KYC documentation and other documents, including the photograph, as required by the post office saving scheme.
  • Step 4: Finally, conclude the enrollment by depositing the amount specified by the investment scheme.

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