SMALL SAVING SCHEMES

 PRESENTED BY :- SAMEER KHANDA

ANKIT AGGARWAL
SHADMANI
 Public Provident Fund Account
Who can open
 An individual can open account with INR 100/-
 Joint account cannot be opened.
 Account can be opened by cash/cheque.

Interest
 Interest-7.9% per annum(compounded yearly)

Limit
 Minimum INR.500/- Maximum INR. 150000/- in a financial year. Deposits
can be made in lump-sum or in 12 installment.
Maturity
 Maturity period is 15 years but the same can be extended within one year
of maturity for further 5 years and so on.
 Premature closure is not allowed before 15 years.

Benefit
 The Principle invested in the PPF qualifies for deduction under the Sec 80
of the income tax ACT 1961 and the interest earned is tax exempt as well
under Sec 10.
Premature Closure
 To be eligible for premature closure of the account you have completed at
least 5 financial year.
 Kisan Vikas Patra
Who Can Invest
 Certificate can be purchased by an adult for himself or on behalf of minor or by two
adults.
 KVP can be purchased from any Department Post office.

Interest
 7.6% compounded annually

Benefits
 Amount invested doubles in 113 months(9 years & 5 months)
 The Kisan Vikas Patra certificate can be used as a collateral while applying for a loan.
 There is no Tax benefit under Section 80.
DEPOSIT LIMIT
 Min-1000

 Max- No Limit
 Certificate can be enchased after 2 & 1\2 years from the date of issue.
 KVP certificates are available in the denomination of Rs.1000,Rs.5000 ,
Rs.10000 and Rs.50000.
 The Kisan Vikas Patra is a long-term investment scheme which launched in 1988
by the Government of India and was relaunched in the year 2014
 Sukanya Samriddhi Yojana

Who Can Open

 A legal Guardian/Natural Guardian can open account in the name of Girl
Child.
 A guardian can open only one account in the name of the girl child and
maximum two accounts in the name of two different Girl children.
 Account can be opened up to age of 10 years only from the date of birth.

Interest
 Interest 8.4% Per Annum(compounded yearly)
DEPOSIT LIMIT
 Minimum INR. 250/-and Maximum INR.150000/- in a financial year.
 No limit on number of deposits either in a month or in a Financial year.
 If minimum Rs. 250/- is not deposited in a financial year, account will
become discontinued
 Penalty of Rs.50/-per year with minimum amount required for deposit
for that year.
 Account can be closed after completion of 21 years.
 Partial withdrawal, maximum up to 50% of balance standing at the end of the
preceding financial year can be taken after account holder’s attaining age of
18 years.
 Normal Premature closure will be allowed after completion of
18years/provided that girl is married.
 NATIONAL SAVINGS CERTIFICATE
Who can invest
 Can be purchased by ,an adult for himself or on behalf of a minor or by a minor.

Interest
 7.9% compounded annually but payable at maturity.

Limit
 Minimum of Rs.1000/- and in multiples of Rs.100/-
 No Maximum Limit.

Benefit
 Tax Deduction under Section 80C can only be claimed for a maximum of INR-150000
 Maturity period- 5 years
 Locking period- 5 years
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