SCHEME Interest Investment Limits Salient features including Tax Rebate

Payable, and Denominations

Rates,
Periodicity etc.
PostOffice 3.5% per annum Minimum Rs. 50/-. Cheque facility available.  Interest Tax Free.
Savings on individual/ Maximum Rs.
Account joint accounts. 1,00,000/- for an
individual account.
  Rs. 2,00,000/- for
joint account.
5-YearPost On maturity Rs. Minimum Rs. 10/- per One withdrawal upto 50% of the balance allowed after one year.
Office 10/- account month or any amount Full maturity value allowed on R.D. Accounts restricted to that of
Recurring fetches Rs. in multiples of Rs. Rs. 50/- denomination in case of death of depositor subject to
Deposit 728.90/-. Can 5/-. No maximum fulfillment of certain conditions. 6 & 12 months advance deposits
Account be continued for limit. earn rebate.
another 5 years
on year to year
basis.

Rate of interest
7.5% (quarterly
compounded)
PostOffice Interest payable Minimum Rs. 200/- Account may be opened by individual. 2,3 & 5 year account can be
Time annually but and in multiple closed after 1 year at discount. Account can also be closed after six
Deposit calculated thereof. No maximum months but before one year without interest. The investment under
Account quarterly. limit. this scheme qualify for the benefit of Section 80C of the Income
Tax Act, 1961 from 1.4.2007.
Period         
Rate

1 yr. A/c     
6.25%

2 yr. A/c     
6.50%

3 yr. A/c     
 7.25%

5 yr. A/c     
7.50%
PostOffice 8% per annum In multiples of Rs. Maturity period is 6 years. Can be prematurely encashed after one
Monthly payable i.e. Rs. 1500/- Maximum Rs. year but before 3 years at the discount of 2% of the deposit and
Income 80/- will be paid 4.5 lakhs in single after 3 years at the discount of 1% of the deposit. (Discount means
Account every month on account and Rs. 9 deduction from the deposit.) A bonus of 5% on principal amount is
a deposit of Rs. lakhs in joint account. admissible on maturity in respect of MIS accounts opened on or
12000/-. after 8.12.07

15year 8% per annum Minimum Rs. 500/- Deposits qualify for deduction from income under Sec. 80C of IT
Public (compounded Maximum Rs. Act. Interest is completely tax-free. Withdrawal is permissible every
Provident yearly). 70,000/- in a financial year from 7th financial year. Loan facility available from 3rd
Fund year. Deposits can be Financial year. No attachment under court decree order.
Account made in lumpsum or
in 12 installments.

KisanVikas Money doubles No limit on A single holder type certificate may be issued to an adult for
Patra in 8 years & 7 investment. Available himself or on behalf of a minor or to a minor, can also be
months. Facility in denominations of purchased jointly by two adults
for premature Rs. 100/-, Rs. 500/-,
encashment. Rs. 1000/-, Rs.
5000/-, Rs. 10,000/-,
Rate of interest in all Post Offices and
8.4% Rs. 50,000/- in all
(compounded Head Post Offices.
yearly)
National 8% Interest Minimum Rs. 100/- A single holder type certificate can be purchased by an adult for
Savings compounded six No maximum limit himself or on behalf of a minor or to a minor. Deposits quality for
Certificate monthly but available in tax rebate under Sec. 80C of IT Act.
(VIII payable at denominations of Rs.
issue) maturity. Rs. 100/-, 500/-, 1000/-, The interest accruing annually but deemed to be reinvested will
100/- grows to 5000/- & Rs. also qualify for deduction under Section 80C of IT Act.
Rs 160.10 after 10,000/-.
6 years.

Senior 9% per annum, There shall be only Maturity period is 5 years. A depositor may operate more than a
Citizens payable from one deposit in the account in individual capacity or jointly with spouse.  Age should be
Savings the date of account in multiple of 60 years or more, and 55 years or more but less than 60 years who
Scheme deposit of 31st Rs.1000/- maximum has retired on superannuation or otherwise on the date of opening
March/30th not exceeding rupees of account subject to the condition that the account is opened
Sept/31st fifteen lakh. within one month of receipt of retirement benefits. Premature
December in the closure is allowed after one year on deduction of 1.5% interest &
first instance & after 2 years 1% interest. TDS is deducted at source on interest if
thereafter, the interest amount is more than Rs.10,000/- p.a.  The investment
interest shall be under this scheme qualify for the benefit of Section 80C of the
payable on 31st Income Tax Act, 1961 from 1.4.2007.
March, 30th
June, 30th Sept
and 31st
December