Key Details
Annual Rate
7.40%
Risk Level
1 — Very Low
Min. Investment
₹1,000
Lock-in Period
5 years
Category
Post Office Schemes
Institution
India Post
Tax Treatment
Interest taxable per slab. No Section 80C deduction. TDS may apply under Section 194A when the applicable threshold is crossed.
About This Instrument
Government-backed small-savings scheme with monthly non-compounding interest payouts. Minimum ₹1,000; maximum ₹9 lakh single and ₹15 lakh joint. Interest is taxable at slab rates, with no Section 80C deduction and conditional TDS.
Disclaimer: 14paisa is an educational comparison platform and is not a SEBI-registered investment advisor. Rates shown are indicative and may change. This page does not constitute investment advice. Verify current rates with the issuing institution before investing. Past yields do not guarantee future returns. Read our full disclaimer.
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