What are the different types of post office saving schemes in India?
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There are several kinds of post office saving schemes in India. For example, the Post Office Savings account scheme offers a 4% per annum interest rate. Besides, you can open this account with a minimum investment of just ₹500. Then, there is a Post Office Recurring Deposit Account Scheme, which requires a minimum deposit of ₹100 per month and offers an interest rate of 6.7% per annum compounded quarterly.