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SavingsSavings Accounts
Post Office Savings Account
Current interest rate
4.0% p.a.
Rates valid for Q3 2026-27 (Oct-Dec)
A standard savings account providing secure deposit facilities and liquidity with moderate returns.
Key details
- Minimum deposit₹500
- Maximum depositNo limit
- TenureFlexible
- CompoundingAnnually
- Tax benefitsInterest tax-free up to ₹10,000 under Section 80TTA
Features and benefits
- Cheque facility available
- ATM card provided
- Account can be linked to India Post Payments Bank
Tax & inflation view
Tax regime
- Tax saved via 80C (total)
- ₹0
- Tax on interest
- -₹1,266
- Post-tax value
- ₹55,064
- In today's money
- ₹43,144
Estimate only. Excludes surcharge and cess; interest is taxed in the year it accrues.
Savings calculator
10 thousand
₹500₹10L
Total invested
₹50,000
Total interest
₹6,330
Maturity value
₹56,330
Year-by-year growth
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹10,000 | +₹400 | ₹10,400 |
| 2 | ₹10,400 | ₹10,000 | +₹816 | ₹21,216 |
| 3 | ₹21,216 | ₹10,000 | +₹1,249 | ₹32,465 |
| 4 | ₹32,465 | ₹10,000 | +₹1,699 | ₹44,163 |
| 5 | ₹44,163 | ₹10,000 | +₹2,167 | ₹56,330 |
Maturity value · 5 years
₹56,330
Total interest
+₹6.33K