Post Office Savings Schemes

No.

Scheme

Interest payable, Rates,

Periodicity etc.

Post Office
Savings
Account
5Year
Post
Office
Recurring
Deposit
Account
Post Office
Time Deposit
Account

4.0%per annum on
individual/ joint
Accounts.
8.4%
per annum
(quarterly compounded)

On maturity Rs. 10account

fetches Rs.746.53.
Interest payable
annually but calculated
Quarterly.

Minimum Amount for

opening of account and
maximum balance that
can be retained
Minimum 20/for
Opening.

TDS
&
Tax Rebate

Minimum 10/per month

or any amount in
multiples of 5/. No
maximum limit.

10 % TDS on interest
up to 10,000 per year

Minimum Rs. 10 per

month or any amount in
multiples of RS.5/.
No maximum limit.

10 % TDS on interest
up to 10,000 per year

Maximum
investment
limit is Rs.4.5 lakhs in
single account and Rs.
9 lakhs in joint account.

10 % TDS on interest
up to 10,000 per year

There shall be only one

deposit in the account
in multiple of
Rs. 1000 maximum
not exceeding Rs.15
lakh.

10 % TDS on interest
up to 10,000 per year

10 % TDS on interest
up to 10,000 per year

interest
rates are as follows

Post Office
Monthly
Income
Account
Scheme

Senior Citizen
Savings
Scheme

Period Rate
1yr.A/c 8.40%
2yr.A/c 8.40%
3yr.A/c 8.40%
5yr.A/c 8.50%
8.40% per annum payable monthly.

9.3% per annum payable

15 year Public
Provident
Fund Account

8.70%
per annum
(compounded yearly).

National
Savings
Certificates
(NSC)

monthly but payable at maturity. .

100grows
to 151.62 after 5 years.
8.80% compounded six
monthly but payable at maturity.
100/grows
to 236.60 after 10 years.

5 Years
National
Savings
Certificate

monthly but payable at maturity. .

100/grows to 151.62 after 5 years. 8.80%
compounded six monthly but payable at
maturity. 100/grows
to 236.60 after 10 years.

10 Years
National
Savings
Certificate

onthly but payable at maturity. . 100/grows

to 151.62 after 5 years.
8.80% compounded six monthly but
payable at maturity. 100/grows to 236.60
after 10 years.

Minimum .
500/Maximum
Rs. 1,50,000/in
a financial year.
Deposits can be made in
lump sum
or in 12
Installments.
Minimum . 100/No
maximum limit available
in
Denominations of .
100/,
500/,
1000/,
5000/&
. 10,000/.

Minimum . 100/No
maximum limit
available in
denominations of .
100/,
500/,
1000/,
5000/&
10,000/.
Minimum . 100/No
maximum limit
available in
denominations of .
100/,
500/,

Deposits qualify for

deduction from
income
under Sec. 80C of IT
Act.

Deposits qualify for

deduction from
income
Under Sec. 80C of IT
Act.

Deposits qualify for

deduction from
income
under Sec. 80C of IT
Act.

Deposits qualify for

deduction from
income
under Sec. 80C of IT
Act.

10

Kisan Vikas
Patra (KVP)

Amount Invested
doubles in 100 months
(8 years & 4 months)

11

Sukanya
Samriddhi
Accounts

Rate of interest 9.2% Per Annum calculated

on yearly basis, Yearly compounded.

1000/,
5000/
10,000/.
Available in
denominations of Rs
1,000,
5000,
10,000,
50,000.
Minimum deposit Rs
1000 and no maximum
limit.
Minimum. 1000/and
Maximum. 1,50,000/in

10 % TDS on interest
up to 10,000 per year

No TDS on interest