Latest Post Office Schemes Interest Rates (January-March 2021)

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This article will focus on answering the common questions like what are the latest post office schemes in India, Post Office MIS scheme current interest rates,  highest post office interest scheme, and talk about post office RD scheme and likewise many others.

No Change in Post Office Interest Rates (Year 2021)


The government decided to keep PO Interest Rates (post office interest rate 2021) unchanged for January-March 2021, like the announcement made for Small Savings Schemes. This is good news for fixed income investors.

In this article, you will find some of the highest Interest Rates in Post Office Schemes for the year 2021. The Department of Post has last updated these interest rates.

Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations operate banking systems involving post offices to promote saving money among the poor. The Post Office, the Department of Post (India Post), offers many services to the Indian population.

Schemes under Post Office :

· PORD: Post Office Recurring Deposit (RD)

· POTD: Post Office Time Deposit (TD)

· POMIS: Post Office Monthly Income Scheme (MIS)

One can open an account in these schemes at any head or general post office.

The government sets the interest rate of POST Office schemes at the start of each quarter in a financial year. Therefore, they are aligned with the government security rates. But, the interest rate will remain unchanged for the investor (depositor) once the deposit is made.

1. Post Office Recurring Deposit (PO RD interest rate 2021)

Talking about the Indian Post Office RD rates 2021, the interest of RD in Post Office is compounded every quarter, ensuring that a sum of money multiplies when it matures. This post office compound interest scheme ensures that RD rates in the post office are fixed when you open the deposit.

RD rate of Interest in Post Office 2021 has been kept unchanged at 5.8% for the FY 2021 which is compounded quarterly.

2. Post Office Time Deposit (Post Office TD  Interest Rate 2021)

1. Interest is payable annually but is calculated quarterly.

2.     The following are the different POTD interest rates for different durations:-

· 1 year – 5.5% per annum

· 2 years – 5.5% per annum

· 3 years – 5.5% per annum

· 5 years – 6.7% per annum

3. Post Office Monthly Income Scheme  (POMIS Interest Rate 2021)

The interest rates are higher than other fixed-income investments like postal fixed deposit interest rates 2021. The postal MIS interest rate earned is payable monthly. These returns are called fixed monthly income. If you are wondering about Post Office MIS current interest rate, then let us tell you that the Post Office Monthly Income Scheme interest rate 2021 (POMIS) has been kept unchanged at 6.6% per annum.

The Post Office MIS interest rate chart for the past years is depicted through the below graph.

Which is the post office highest interest rate scheme?

The Senior Citizen Savings Scheme has the highest interest rate in the post office with a 7.4(Quarterly interest Rs. 185 on Rs. 10000 deposit) interest rate.

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