Post Office Savings Schemes Calculator — NSC, KVP, SCSS, MIS, TD Rates
Calculate returns on all post office savings schemes: NSC, KVP, SCSS, MIS, Post Office TD. Compare interest rates, lock-in periods, and tax benefits across all schemes.
India Post runs some of the most widely-used savings schemes in the country — particularly in smaller towns and rural areas where banking penetration is lower. These schemes carry the full faith of the Government of India, making them literally zero-risk. The returns aren't always the highest, but the safety and accessibility are unmatched.
Use the CalcHub Post Office Savings Calculator to compute maturity amounts across all schemes.
All Post Office Schemes at a Glance (Q1 2026 Rates)
| Scheme | Interest Rate | Tenure | Min Deposit | Tax Benefit |
|---|---|---|---|---|
| Post Office Savings Account | 4.0% p.a. | No lock-in | ₹500 | Interest up to ₹10K exempt (Section 80TTA) |
| Post Office Time Deposit (1yr) | 6.9% p.a. | 1 year | ₹1,000 | Taxable |
| Post Office Time Deposit (2yr) | 7.0% p.a. | 2 years | ₹1,000 | Taxable |
| Post Office Time Deposit (3yr) | 7.1% p.a. | 3 years | ₹1,000 | Taxable |
| Post Office Time Deposit (5yr) | 7.5% p.a. | 5 years | ₹1,000 | 80C on deposit |
| Post Office RD | 6.7% p.a. | 5 years | ₹100/month | Taxable |
| National Savings Certificate (NSC) | 7.7% p.a. | 5 years | ₹1,000 | 80C on deposit |
| Kisan Vikas Patra (KVP) | 7.5% p.a. | ~115 months (~9.6 years) | ₹1,000 | Taxable |
| Senior Citizen Savings Scheme (SCSS) | 8.2% p.a. | 5 years (+3yr extension) | ₹1,000 | 80C on deposit |
| Monthly Income Scheme (MIS) | 7.4% p.a. (monthly payout) | 5 years | ₹1,000 | Taxable |
| Sukanya Samriddhi Yojana (SSY) | 8.2% p.a. | 21 years | ₹250 | EEE (fully exempt) |
| Public Provident Fund (PPF) | 7.1% p.a. | 15 years | ₹500/year | EEE (fully exempt) |
NSC — National Savings Certificate
NSC pays 7.7% compounded annually (but paid at maturity, not periodically). There's no TDS, and the annually accrued interest counts as a fresh 80C investment — effectively giving you 80C benefit each year on the reinvested interest.
NSC maturity on ₹1 lakh:- 5-year maturity: ₹1,44,903
- Total 80C deduction potential: ₹1,00,000 (year 1) + accrued interest in years 2–5
KVP — Kisan Vikas Patra
KVP is the simplest scheme: your money doubles in approximately 115 months (9 years 7 months) at the current 7.5% rate. No tax benefit on investment or returns, but it's extremely easy to understand and transferable between post offices. Popular for conservative investors who just want to "double their money safely."
KVP maturity table:| Deposit | After ~115 months |
|---|---|
| ₹10,000 | ₹20,000 |
| ₹50,000 | ₹1,00,000 |
| ₹1,00,000 | ₹2,00,000 |
| ₹5,00,000 | ₹10,00,000 |
SCSS — Senior Citizen Savings Scheme
The best guaranteed-return scheme available for people aged 60+. At 8.2% p.a., it beats most bank FDs for senior citizens. Interest is paid quarterly — making it excellent for regular income. Maximum deposit ₹30 lakh per individual (₹60 lakh for a couple).
₹30 lakh in SCSS: ₹61,500/month interest income (pre-tax), or ₹2,46,000/quarter.Note: Interest is taxable. TDS deducted if interest exceeds ₹50,000/year. Submit Form 15H if total income is below taxable limit.
MIS — Monthly Income Scheme
Perfect for people who want a fixed monthly income from a lump sum. Maximum deposit ₹9 lakh (single) or ₹15 lakh (joint). At 7.4% on ₹9 lakh:
Monthly interest = ₹9,00,000 × 7.4% ÷ 12 = ₹5,550/month
No TDS on MIS, but interest is taxable in your hands. Popular among retirees and those wanting to supplement regular income.
5-Year Post Office TD vs Tax-Saver FD
Both qualify for Section 80C deduction, both are 5-year lock-in:
| Feature | Post Office 5-yr TD | Bank Tax-Saver FD |
|---|---|---|
| Rate | 7.5% | 7.0–7.5% |
| Government backing | Full | DICGC up to ₹5L |
| TDS | No TDS at source | TDS if interest > ₹40K |
| Premature closure | After 1 year (with penalty) | Generally not allowed |
Are post office schemes available online?
Yes — India Post has a mobile app (IPPB) and internet banking portal where you can open and manage most schemes. SCSS, NSC, KVP, TD, and RD can all be operated online now. SSY and PPF are also linked to post office internet banking in many circles.
Can NRIs invest in post office schemes?
Generally no — most post office schemes (NSC, SCSS, KVP, SSY, PPF) are restricted to Indian residents. NRIs who held these accounts before becoming NRI can continue holding them till maturity but cannot make fresh deposits.
Is the interest on all post office schemes taxable?
Most schemes have taxable interest — exceptions are PPF and SSY which have full EEE tax status. NSC interest is notionally taxed annually (though you only receive it at maturity) — but since it's deemed reinvested in NSC, it also qualifies for 80C. Consult your ITR to handle NSC interest correctly.
Related Calculators
- PPF Calculator — 15-year EEE savings
- Sukanya Samriddhi Calculator — girl child scheme
- RD Calculator — recurring deposit returns
- FD Calculator — bank fixed deposit comparison