Post Office Savings Account Interest Rate: The government has decided to keep the Post Office Savings Account interest rate the same for the new quarter that starts on July 1, 2026. That means people who keep money in this account will still earn 4% interest. The same 4% rate is also shown on the official National Savings Institute interest-rate chart for FY 2026-27.
This matters because many big banks are giving less on normal savings accounts. SBI’s savings account rate is 2.50% across all balances, and HDFC Bank also shows 2.50% across all account balances. So the post office account is giving a higher return right now.
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The rate has also stayed steady for a very long time. The official rate chart shows 4% for the savings account across many years, including the earlier FY 2025-26 and FY 2026-27 periods. That makes it one of the most stable small savings options in India.
Opening a POSA account is simple. The official rules say it can be opened by a single adult, by two adults jointly, by a guardian for a minor, or by a guardian for a person of unsound mind. A minor who has already turned 10 can also open the account in his or her own name. The rules also say that one person can open only one savings account in their own name.
That makes the post office savings account easy for many kinds of people. It can work for adults, families, and even older children who are ready to save money on their own. The official India Post page also lists the Post Office Savings Account as a basic banking service with a 4% interest rate.
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