Post Office Saving Scheme Application Form 2022 | Dak ghar bachat yojana 2022 | Dak Khana Scheme apply | Post Office Scheme Interest Rates | PPF, NSC, KVP, MIS, SSA Apply Online | पोस्ट ऑफिस सेविंग स्कीम
Indian Post Office runs many savings schemes like banks in our country. With the help of these schemes, it becomes easy for people to save money. Today we are going to share with you all the important aspects of the Post Office Saving Scheme 2022 so that you can also take advantage of these post office saving schemes of the government and get good interest on your money by investing in the country’s post office scheme. Citizens of Citizens can also double their money, you hardly get to see more interest than Dak ghar bachat yojana, so this is a very right way to save money.
This article contains all the important information about the Post Office Savings Scheme 2022, such as how to apply, purpose, types, documents, eligibility, and benefits if any. If you are interested in knowing all the major points about the Post Office Saving Scheme 2022, then definitely read this article completely.
Table of Contents
Post Office Saving Scheme 2022
India Post controls the country’s postal network, but in addition to controlling the network, it also runs deposit savings schemes for investors, known as post office savings schemes.
By investing in the Post Office Savings Scheme, investors are provided with the benefit of high-interest rates as well as income tax exemption. Tax exemption to investors is provided by the government under Income Tax Act Section 80C. The post office runs many savings schemes. Such as Public Provident Fund (PPF), Sukanya Samriddhi Yojana, Post Office Savings Account, National Saving Certificate, etc.
In the recent notification of the Ministry of Finance, new updates were issued regarding the interest rate on all post office savings schemes, whose information you will also get here. The government has recently changed some rules for PPF accounts for the benefit of the account holders. Accordingly, people can now check the new interest rates for all post office savings schemes.
Highlights of India Post Office Saving Scheme 2022
| Scheme | Post office saving scheme |
| Launched By | Central government |
| beneficiary | Citizens of India |
| Objective | encourage savings |
| Official website | Click Here |
| Registration year | 2022 |
| Application Mode | Online/Offline |
Objectives of Post Office Savings Scheme 2022
The main objective of the government’s Dak ghar bachat yojana 2022 is to encourage a lot of savings among such a large population of the country. For this, the government implements many types of savings schemes under the India Post Office, due to which the investors who invest get a lot of tax exemption along with the interest rate.
Investors will be financially independent with the Post Office Savings Scheme. There are many such savings schemes in this scheme, which have been started keeping in mind all the sections of the people. Efforts are being made to make some scheme for all the sections of the people under the post office so that more and more people invest in the post office savings scheme.
Benefits of Post Office Saving Scheme
The Government of India offers many savings plans under the Post Office Savings Scheme so that maximum benefits can be provided to the people. Under these schemes, customers can get some of the following benefits:
- Under these schemes, the spirit of saving is inculcated among the people.
- By investing in savings scheme, people can get maximum interest rate.
- These schemes are by the government, so people do not face any risk on their invested amount.
- Income tax exemption is also provided to people by investing in dak ghar bachat scheme.
- People of any category can take advantage of the government’s postal food savings schemes.
- India Post Office is running many types of savings schemes so that the children of the country can benefit from the senior citizens.
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Eligibility for dak ghar bachat scheme
Under the Post Office Saving Scheme, many types of schemes are implemented by the government, whose letters are different, as well as the benefits of all the schemes can also be different, but some of the same eligibility of all the schemes are given below.
- Applicant must be a permanent resident of India.
- A parent/guardian can make investments on behalf of the minor.
- Non-Resident Indians (NRIs) cannot invest in select schemes.
- In some schemes, it is necessary to deposit a minimum amount.
Required Docoument for Post Office Saving Scheme
- Aadhar Card
- address proof
- identity proof
- bank details
- income proof
- age proof
- mobile number
- passport size photo
India post office Seving Schemes List
As we have already mentioned above that the Indian Postal Department implements many savings schemes like banks, on which good interest rates are offered, we have given below the list of all these Post Office Saving Schemes which you all You can check and start investing PaySea to get the maximum interest rate from your favorite scheme, however you have to first meet the requirements of that scheme to get the full benefit of that scheme.
1. Post Office Savings Account
This is one of the first savings schemes of the Indian Post Office, although it is a type of savings bank account in which you will get a higher interest rate than other Indian banks, although some new banks promise to give a higher interest rate than the Post Office Savings Account. But this interest rate is only for attracting customers. As customers increase with the bank, then the bank reduces its interest rate, on the contrary, if we talk about the post office savings account, then in this you get more stable interest rate than other banks, So for sevings, this is the best savings account for the citizens of the country.
2. National Savings Recurring Deposit Account (RD)
This is one of the very popular schemes of Dak ghar bachat yojana, you must have heard the name of Post Office RD many times, it is a monthly investment plan which can be started for a period of 5 years. To get the benefit of this scheme, the investor has to invest every month. The interest rate under this post office RD has been kept at 5.8 percent for the year 2022. The minimum amount to invest in this scheme is Rs 100 and the maximum amount is kept in multiples of Rs 10, apart from this no maximum amount has been prescribed for Recurring Deposit Account (RD).
3. Post Office Monthly Income Scheme
Post Office Monthly Income Scheme (MIS) is currently getting an interest of 6.6%, to take advantage of this interest rate tax, you should invest in this scheme and at the end of every month, you will get this interest rate sent to your account in this scheme. You can pay a minimum of Rs. 1000/- and the maximum amount has been fixed at Rs 4.5 lakh for a single holding account and Rs 9 lakh for a joint account. If you invest your Pesa at this rate of interest, it will almost double in 10.91 years.
4. Post Office PPF
Currently, India Post Office is offering an interest rate of 7.1% on the 15-year Public Provident Fund (PPF) of the Post Office. PPF is a long-term investment savings scheme. The tenure of the Public Provident Fund is 15 years. The interest rate for the year 2022 in this scheme is 7.1 percent. The minimum amount to invest in PPF is Rs 500 and the maximum amount is Rs 1,50,000.
5. Senior Citizen Saving Scheme
This post office scheme is for people above 60 years of age. Under the Senior Citizen Savings Scheme scheme, the scss interest rate has been fixed at 7.4%. For investment in this scheme, one time amount can be deposited in the account in multiples of Rs.1000/-, the maximum amount deposited in this account has been fixed at Rs.15 lakh. On Post Office Senior Citizen Savings Scheme (SCSC), if the current interest rate i.e. 7.4% is deposited in PESA, then your money will double in about 9.73 years.
6. Post Office Sukanya Samriddhi Scheme
This scheme has been started by the government to benefit the girls. The interest rate of 7.6 percent has been fixed under this scheme. And the minimum amount to invest in this scheme is ₹ 1000 and the maximum amount is ₹ 1.50 lakh. Which is for one circular year. It is mandatory to invest a minimum amount of 15 years from the opening of SSY account. The highest rate of interest is offered by India Post Office on sukanya samriddhi yojana account so if you have any girl child in your family then it can be a good investment for her.
7. National Savings Time Deposit Account (TD)
There are fixed tenure options to invest in Post Office Time Deposit Scheme. The account opened under the scheme is divided into four working hours. Investors can open 1-Year Account, 2-Year Account, 3-Year Account, 5-Year Accounts in this scheme. The account opened under this scheme can be transferred to anyone else. Under this post office time deposit scheme, annual interest is provided on quarterly basis. People can open this account with a minimum amount of Rs 100, there is no limit on the maximum amount.
8. National savings certificate (NSC)
6.8% interest rate is currently being offered by the post office on the National Saving Certificate (NSC) of Dak ghar bachat scheme. This is a post office 5-year savings scheme, by investing in which investors can save their income tax as well. If you invest Pesa at this rate of interest, it will almost double in 10.59 years. National Savings Certificate can be started with an investment of a minimum amount of Rs 100. There is no maximum limit for investment in this Savings Certificate.
9. Kisan Vikas Patra (KVP)
Kisan Vikas Patra is a certificate scheme of the Indian Post Office under the Central Government. If you buy the certificate after April 1, 2021, it almost doubles your one-time investment over a period of 10 years and 4 months (124 months). The KVP interest rate has been fixed at 6.9% for the year 2021-22. The minimum amount to invest in Kisan Vikas Patra is 1000 and there is no maximum amount limit.
Post Office Saving Scheme Interest rate
Different interest rates are provided by the government on each post office scheme, whose information we have given through the table, you can check the new interest rates from here.
| Scheme Name | Interest rate | Compilation time |
|---|---|---|
| Post Office Savings Bank Account (SB) | 4.0% p. a. | Annually |
| Post Office Recurring Deposit (RD) | 5.8% p. a. | Quarterly |
| Post Office Monthly Income Scheme (MIS) | 6.6% p. a. | payable monthly |
| Post Office Senior Citizen Savings Scheme (SCSS) | 7.4% p. a. | payable Quarterly |
| Public Provident Fund (PPF) | 7.1% p. a. | Annually |
| Sukanya Samriddhi Account (SSY) | 7.6% p. a. | Annually |
| National Saving Certificate (NSC) | 6.8 % | Annually |
| Kisan Vikas Patra (KVP) | 6.9 % | Annually |
| 1yr Post Office Time Deposit (TD) | 5.5% | Quarterly |
| 2yr Time Deposit Account | 5.5% | Quarterly |
| 3yr Time Deposit Account | 5.5% | Quarterly |
| 5yr Time Deposit Account | 6.7 % | Quarterly |
Income Tax Exemption Under Post Office Savings Scheme
| Scheme Name | Maximum Income Tax Exemption |
|---|---|
| Post Office Savings Bank Account (SB) | Income Tax Act 80TTA exempts from tax on interest earned on savings bank accounts up to Rs 10,000 in a financial year |
| Post Office Recurring Deposit (RD) | There is no provision for tax exemption on interest earned under RD account |
| Post Office Monthly Income Scheme (MIS) | No income tax exemption under section 80C is offered on MIS scheme |
| Post Office Senior Citizen Savings Scheme (SCSS) | Income tax exemption up to Rs 1.5 lakh is available under section 80C of the Indian Tax Act, 1961. |
| Public Provident Fund (PPF) | The interest earned on PPF is tax-free under the Income Tax Act. |
| Sukanya Samriddhi Account (SSY) | The interest earned on the Sukanya Samriddhi account under Section 80C of the Income Tax Act is kept tax-free. |
| National Saving Certificate (NSC) | Tax exemption of Rs 1.5 lakh under Section 80C of the Income Tax Act. |
| Kisan Vikas Patra (KVP) | Tax exemption is given under Section 80C of the Income Tax Act on investment of maximum 1.5 lakh in KVP. |
| Post Office Time Deposit (TD) | Investment under TD of 5 years is eligible for the benefit of section 80C of the Income Tax Act, 1961. |
How to apply for Post Office Saving Scheme 2022
At present, you cannot apply online in any of the post office schemes, to take advantage of these schemes, you have to apply offline, for which you can follow the process given below:
- First of all go to your nearest post office.
- After this , get the application form of whichever post office savings scheme you want to apply.
- You can tell the name of the scheme to the post main to get the form of the scheme
- Now you have to fill all the information asked in the form, for this you must read the form completely.
- After filling the form correctly, attach the requested documents with the form.
- After this you have to submit the application form to your nearest post office.
- In the end, your KYC will be completed in the post office itself and in this way you will be able to take advantage of the scheme.
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