These Post Office schemes are giving the highest interest, if you are ready to invest in July then check them

Post Office Investment: People who prefer investments with safe and guaranteed returns mostly invest in banks. But like banks, many schemes are also run in post offices. In many schemes, better interest is available than the bank. Let us tell you that the government revises the interest rates of small savings schemes of post offices every quarter. However, no change has been made in the interest rates for the second quarter (July to September) of the financial year 2024-25, that is, the current interest rates will remain applicable in this quarter as well. If you want to invest in any scheme of post office in the coming month, then check here how much interest will be available on which scheme.

Interest Rates of Post Office Schemes

Post Office Savings Account- 4%
1 Year Fixed Deposit – 6.9%
2 Year Term Deposit – 7.0%
3 Year Fixed Deposit- 7.1%
5 Year Fixed Deposit- 7.5%
5 Year Recurring Deposit Account – 6.7%
Senior Citizen Savings Scheme- 8.2%
Monthly Income Plan- 7.4%
Public Provident Fund Scheme- 7.1%
Sukanya Samriddhi Account- 8.2%
National Savings Certificate – 7.7%
Kisan Vikas Patra – 7.5%
Mahila Samman Savings Certificate- 7.5%

These options will be available only in post offices

You will get options for some of these schemes in banks too, while some schemes can be opened only in post offices. National Savings Certificate, Mahila Samman Savings Certificate, Monthly Income Scheme are such schemes in which you will have to go to the post office to invest.

Both NSC and MSSC are like fixed deposits. Any Indian citizen can invest in NSC for 5 years. This scheme is also included in the portfolio of Prime Minister Narendra Modi himself. MSSC is run to promote women's savings. In this scheme, money has to be deposited for two years. Former Union Minister Smriti Irani has also invested in this scheme.

On the other hand, MIS scheme is a scheme that provides regular income every month. In this scheme, a maximum of 9 lakh rupees can be deposited in a single account and a maximum of 15 lakh rupees in a joint account. This amount is deposited for 5 years. Money is received on this at the rate of 7.4%.