SCHEME

Interest Payable, Rates, Periodicity etc. 3.5% per annum on individual/

Investment Limits and Denominations Minimum Maximum 1,00,000/individual INR for INR 50/-. INR an

Salient features including Tax Rebate Cheque facility Interest Tax Free. available.

PostOffice Savings Account

joint accounts.

account. for

2,00,000/-

joint account. 5YearPost Office Recurring Deposit Account On maturity INR 10/fetches account INR Minimum INR 10/- per month or any amount in multiples of INR 5/. No maximum limit. One withdrawal upto 50% of the balance allowed after one year. Full maturity value allowed on R.D. Accounts restricted to that of INR. 50/- denomination in case of death of depositor

728.90/-. Can be continued for

another 5 years on year to year basis. Rate of interest 7.5% (quarterly compounded). PostOffice Time Deposit Account Interest payable annually calculated quarterly. Period Rate 1 yr. 6.25% 2 yr. 6.50% 3 yr. 7.25% 5 yr. 7.50% A/c but Minimum and in INR 200/-

subject to fulfillment of certain conditions. 6 & 12 months

advance deposits earn rebate.

Account

may

be

opened

by

multiple

individual. 2,3 & 5 year account can be closed after 1 year at discount. Account can also be closed after six months but

thereof. No maximum limit.

before one year without interest. The investment under this

scheme qualify for the benefit of Section 80C of the Income Tax

A/c

Act, 1961 from 1.4.2007.

A/c

A/c

INR. No KisanVikas Patra attachment under court decree order. INR. Minimum INR.000/.Maximum INR 4. Can be prematurely encashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. Deposits qualify for deduction in respect on of or MIS after opened from income under Sec.) A bonus of 5% on principal amount is admissible on maturity accounts 8.000/-. 50. 10. Interest is completely tax-free. INR 80/. INR. 500/Maximum INR. In multiples of INR 1500/. Loan facility available from 3rd Financial year. Money doubles No limit on A single holder type certificate may be issued to an adult for himself or on behalf of a minor or to a minor.will be paid every month on a deposit of INR 12000/-.12. Available in denominations 100/-. of premature INR.5 lakhs in single INR 9 Maturity period is 6 years.07. Deposits can be made in lumpsum or in 12 installments. Withdrawal is 70. deposit. Rate of interest 8. 500/-.in all Head Post Offices. for Facility investment. INR. can also be in 8 years & 7 months.e. 5000/-.PostOffice Monthly Income Account 8% per annum payable i. (Discount means deduction from the account and lakhs in joint account. .in a financial year.000/. 1000/-. encashment.4% (compounded yearly) purchased jointly by two adults. in all Post Offices and INR. 15year Public Provident Fund Account 8% per annum (compounded yearly). 80C of IT Act. permissible every year from 7th financial year.

a. & INR. 31st deduction of 1.grows to INR 160. A depositor may operate more than a account in individual capacity or jointly with spouse. available denominations of INR. . TDS is deducted at source on interest if the interest amount is more than INR 10. Deposits quality for tax rebate under Sec. and 55 years or more but less than 60 years who has retired on superannuation or otherwise on the date of opening of account subject to the condition that the account is opened within one month of receipt of retirement benefits. payable from the date of deposit of March/30th Sept/31st December in the first instance & thereafter. compounded six monthly payable maturity. but at INR. The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act. 100/-. Senior Citizens Savings Scheme 9% per annum. 5000/10. 30th Sept and December.National Savings Certificate (VIII issue) 8% Interest Minimum INR.10 after 6 years. 100/No maximum limit in A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. 100/.4. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act. should be 60 years or more. 1961 from 1. interest shall be payable on 31st March. 80C of IT Act.5% interest & after 2 years 1% interest. 1000/-.000/-. 30th 31st There shall be only one deposit in the Maturity period is 5 years.000/p.1000/. Premature closure is allowed after one year on June.maximum not exceeding rupees fifteen lakh. 500/-. Age account in multiple of INR.2007.