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  • Interest Rate 01072019 To 30092019

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    Rahul Nongsaibam
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    The document summarizes various interest rates for savings schemes offered by the Postal Savings Bank from January 7, 2019 to September 30, 2019. It provides tables showing the interest rates and maturity values over time periods ranging from 1 to 15 years for savings bank accounts, recurring deposits, time deposits, monthly income schemes, national savings certificates, Kisan Vikas Patra, public provident fund, senior citizen savings scheme, and Sukanya Samriddhi Account. The highest interest rates are offered for 5-year recurring deposits at 7.2%, 5-year monthly income schemes at 7.6%, and 5-year senior citizen savings schemes at 8.6% annually.

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    Interest Rate 01072019 to 30092019

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    The document summarizes various interest rates for savings schemes offered by the Postal Savings Bank from January 7, 2019 to September 30, 2019. It provides tables showing the interest rates and maturity values over time periods ranging from 1 to 15 years for savings bank accounts, recurring deposits, time deposits, monthly income schemes, national savings certificates, Kisan Vikas Patra, public provident fund, senior citizen savings scheme, and Sukanya Samriddhi Account. The highest interest rates are offered for 5-year recurring deposits at 7.2%, 5-year monthly income schemes at 7.6%, and 5-year senior citizen savings schemes at 8.6% annually.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    8 views1 page

    Interest Rate 01072019 To 30092019

    Uploaded by

    Rahul Nongsaibam
    The document summarizes various interest rates for savings schemes offered by the Postal Savings Bank from January 7, 2019 to September 30, 2019. It provides tables showing the interest rates and maturity values over time periods ranging from 1 to 15 years for savings bank accounts, recurring deposits, time deposits, monthly income schemes, national savings certificates, Kisan Vikas Patra, public provident fund, senior citizen savings scheme, and Sukanya Samriddhi Account. The highest interest rates are offered for 5-year recurring deposits at 7.2%, 5-year monthly income schemes at 7.6%, and 5-year senior citizen savings schemes at 8.6% annually.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Postal Savings Bank Interest Rate: 01/07/2019 to 30/09/2019

    5Yr RD Interest 7.2% MIS Interest 5 Years Total


    10 x 60 months Deposit 7.6 % ( 60 months) Interest
    600+123.14 =723.14
    100 6000+1231 = 7231 5000 31.66 32 x 60 1920
    200 12000+2462 = 12462 10000 63.33 63 x 60 3780
    500 30000+6157 = 36157 50000 316.66 317 x 60 19020
    1000 60000+12314=72314 100000 633.33 633 x 60 37980

    Time 1 Yr TD 2 Yr TD 3 Yr TD 5 Yr TD
    Deposit 6.9% 6.9% 6.9% 7.7%
    10000 708 708 x2= 1416 708 x3=2124 793x5 =3965
    25000 1770 1770 x2= 3540 1770 x3=5310 1983x5 =9915
    50000 3540 3540 x2= 7080 3540 x3=10620 3965x5 =19825
    100000 7081 7081x2=14162 7081x3=21243 7930x5 =39650

    MIS InterestAuto credit to SB/RD Account


    MIS only MIS -> SB -> RD ( Auto Credit facility)
    MIS - > RD Interest RD ( multiples of 5/-)
    100000 633 Rs. 630 x 5 years =Rs 37800 (remaining 3x 60=180)
    Rs. 633 x 5 Years = 37980 RD Interest =Rs 7758
    Maturity value = 37800 + 7758 = 45558 +180
    Total = 137980 Total = 145738

    Scheme Rate of Interest Maturity Value


    SB 4.0 %
    RD (5 Years) 7.2 %
    1 TD 6.9 % Qly 10000 -> 10708 in1 Yrs
    2 TD 6.9 % Qly 10000 -> 11416 in 2 Yrs
    3 TD 6.9 % Qly 10000 -> 12124 in 3 Yrs
    5 TD 7.7 % Qly 10000 -> 13965 in 5 Yrs
    MIS ( 5 Years) 7.6 % 10000 -> 13798 in 5 Yrs
    NSC (5 Years) 7.9 % (146 for Rs 100) 10000 ->14,625 in 5 Yrs
    KVP 7.6 % (Doubled in 113 Months) 10000 ->20000 in 9Yr 5M
    PPF (15 Years) 7.9 %
    SCSS (5 Years) 8.6 % Qly 10000 -> 14,300 in 5 Yrs
    SSA (15 Years) 8.4 % www.sapost.blogspot.com

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