india employmentnews

Rules changed for investing in post office scheme, now you will not be able to invest without it


Post Office Scheme: Are you planning to invest in Post Office Scheme? Know this new rule first, so that you do not face any kind of problem later. The post office will cross-check your Permanent Account Number (PAN) information with the Income Tax Department information. Its purpose is to know whether the link with PAN is Aadhaar linked or not. Also, it has to be checked that the name and date of birth given in the Aadhaar is correct.

The rules have changed

To invest in any post office scheme, providing PAN and Aadhaar information is mandatory from April 1, 2023. If there is any difference in the information given between the two, then you cannot invest in the post office scheme. The CBS system has been integrated with Protean e-Gov Technologies (earlier NSDL) for PAN validation. The PAN is validated in Finacle based on the information received from the Protean process.

PAN and Aadhaar are mandatory in small savings scheme

This system was in force till 30 April 2024. PAN, Aadhaar has become mandatory for investing in PPF, NSC, and other small savings schemes. In a notification of the Postal Department issued on 7 May 2024, it has been said that the Protean system related to PAN verification has been revised with effect from 1 May 2024.

These are small saving schemes

Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samman Savings Certificate, Senior Citizen Savings Scheme (SCSS), and National Savings Certificate (NSC) are some of the famous small saving schemes among the common people. Here we are telling you about the interest available on a small savings scheme.

Interest rate on small savings scheme

Number Saving Scheme Interest Rate When is interest available?
01. Post Office Savings Account 4.0 every year
02. 1 Year FD 6.9 (Annual Interest ₹708 on ₹10,000/-) Quarterly
03. 2 Year FD 7.0 (Annual Interest ₹719 for ₹10,000/-) Quarterly
04. 3 Year FD 7.1 (Annual Interest ₹719 for ₹10,000/-) Quarterly


5 Year FD 7.5 (Annual Interest ₹771 on ₹10,000/-) Quarterly
06. 5-Year Recurring Deposit 6.7 Quarterly
07. Senior Citizens Savings Scheme 8.2 (Quarterly interest ₹205 for ₹10,000/-)  Quarterly
08. Monthly Income Scheme 7.4 (Monthly interest ₹62 for ₹10,000/-) Monthly.
09. National Savings Certificate (Eighth Digit) 7.7 (Maturity Value ₹14,490 for ₹10,000/-) Every Year


Public Provident Fund Scheme 7.1 Every Year
11. Kisan Vikas Patra 7.5 (will mature in 115 months) Every Year
12. Mahila Samman Saving Scheme 7.5 (Maturity Value ₹11,602 for ₹10,000/-) Quarterly
13. Sukanya Samriddhi Yojana 8.2 Per year

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