Post Office Small Savings Scheme: From PPF, Sukanya Samriddhi to NPS, check minimum balance requirement in all the 9 savings a/c

New Delhi: Post Office savings scheme have come up as one of the safest option for traditional investors who don't want to take much market risk and are dependent on a fixed interest rate. 

Post Office Small Savings Scheme are of 9 types:

1. Post Office Savings Account(SB)​​​​​
​2. National Savings Recurring Deposit Account(RD)​​
3. ​​National Savings Time Deposit Account(TD)
​4. National Savings Monthly Income Account(MIS)
​5. Senior Citizens Savings Scheme Account(SCSS)​
​​6. Public Provident Fund Account(PPF )​
​7. Sukanya Samriddhi Account(SSA)​
​8. National Savings Certificates (VIIIth Issue) (NSC)
​9. Kisan Vikas Patra(KVP)

While several of the above schemes have no maximum balance, for opening and continuity of the schemes you will be required to retain a Minimum Amount balance.

If you too are curious about the minimum balance required for an account, you could check out the minimum balance in respect of different types of Small Savings Accounts as given below:

Post Office Savings Account	Rs. 500/-
National Savings Recurring Deposit Account	Rs. 100/-
Monthly Income Scheme	Rs. 1000/-
Time Deposit Account	Rs. 1000/-
Public Provident Fund	Rs. 500/-
Sukanya Samriddhi Account	Rs. 250/-
Senior Citizen Savings Scheme	Rs. 1000/-
National Savings Certificate (VIIIth Issue)	Rs. 1000/-
Kisan Vikas Patra	Rs. 1000/-

Among the above Post Office Small Savings Scheme, Sukanya Samriddhi Account Scheme​​ fetches 7.6 percent interest rate annually, Senior Citizen Savings Scheme​​ fetches 7.4 percent interest rate quarterly and Public Provident Fund Scheme​​ fetches 7.1 percent interest rate annually.

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