Check out these post office savings schemes offering high interest rates

The new interest rates are applicable from 1 October 2022.

Post Office Two Year Fixed Deposit Latest Interest Rates

The interest rate on 2-year fixed deposits has increased by 20 basis points to 5.7% from their previous 5.5%.

Post Office Three Year Fixed Deposit Latest Interest Rates

With modification, a three year fixed deposit Post offices will earn 5.8 per cent from the current 5.5 per cent, an increase of 30 basis points for the third quarter of the current fiscal.

Senior Citizen Savings Scheme Latest Interest Rates

The Senior Citizen Savings Scheme will earn 20 basis points more at 7.6 per cent than the current rate of 7.4 per cent.

Kisan Vikas Patra (KVP) Latest Interest Rates

With regard to Kisan Vikas Patra (KVP), the government has revised both tenure and interest rates. The new rate for KVP will be 7 per cent and maturity period will be 123 months, while the current interest rate is 6.9 per cent and maturity period is 124 months.

Monthly Income Scheme (MIS) Latest Interest Rates

Monthly Income Scheme (MIS) will earn 10 basis points more at 6.7 per cent as compared to the current 6.6 per cent.

PPF, NSC, Sukanya Samriddhi Yojana Latest Interest Rates

Meanwhile, there has been no change in the interest rates of Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), National Savings Certificate (NSC). The interest rate on Post Office Savings Deposits, 1-Year Deposits, 5-Year Tome Deposits and Post Office Recurring Deposits has not changed.

The Reserve Bank of India has raised the benchmark lending rate by 190 basis points since May, prompting banks to raise interest rates on deposits as well.