Like other Banks and financial Institution, Indian Post office offers a Saving Bank Account Scheme for normal Individual of India. Indian Post office Saving Bank Account comes with all features like offered by other Top Banks saving bank account schemes. Indian Post Saving Account can be started with a minimum balance of Rs 500. Also, the scheme issues banking instruments like Cheque book, ATM Card, ebanking/mobile banking, etc. It also offers some beneficiary services like Aadhaar Seeding, Atal Pension Yojana (APY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jeevan Jyoti Bima Yojana (PMJJBY).  Indian Post is a Government owned financial organisation. Indian Post Saving Bank Account is mostly ideal for an average Individual who wills to start a saving account with a aim to secure this money and also to earn some interest. Here’s the most matter of concern is the Interest offered on the Saving Bank Account offered by Indian Post Office. At present, Indian Post Office Saving Account offers 4% rate of Interest p.a on all individual account and joint account. Indian Post offers better rate of interest on its Saving Bank Deposit when comparing with the interest offered by Public Sector Bank on the same type of  Saving Deposit Scheme. 

Indian Post Previous Year Interest rates on Saving  Schemes before 01.10.2020)