TABLE 126 : SMALL SAVINGS SCHEMES |
Name of the Scheme |
Limits of Investment |
Maturity Period (years) |
Rate of Interest (Per cent Per annum) |
Deductions under |
Amount Outstanding |
|
|
|
1992 |
Sep. 2, |
Jan.1, |
|
April |
Sep.2, |
|
Jan.1, |
|
Jan.15, |
|
Mar.1, |
|
Mar.1, |
|
Mar.1, |
of Income |
2008 P (Rupees crore) |
|
|
|
|
1993 |
1999 |
|
1992 |
1993 |
|
1999 |
|
2000 |
|
2001 |
|
2002 |
|
2003 |
|
Tax Act |
|
1 |
|
2 |
3 |
4 |
5 |
|
6 |
7 |
|
8 |
|
9 |
|
10 |
|
11 |
|
12 |
|
13 |
14 |
1 |
Post office Savings |
Minimum Rs.50 and maximum |
# |
# |
# |
|
5.50 |
5.50 |
|
4.50 |
|
4.50 |
## |
3.50 |
### |
3.50 |
### |
3.50 |
### |
No |
|
19789 |
|
bank accounts |
Rs. 1,00, 000 for an individual |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
account (Rs. 2 lakh jointly) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Public Provident Fund |
Minimum Rs 500 and maximum |
15 |
15 |
15 |
|
12.00 |
12.00 |
|
12.00 |
|
11.00 |
|
9.50 |
|
9.00 |
|
8.00 |
|
Yes |
|
21358* |
|
1968 |
Rs. 70,000 in a fiscal year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Post office time |
Minimum Rs 200 and no |
1,2,3 |
1,2,3 |
1,2,3 |
12.00 to |
10.50 to |
|
9.00 to |
|
8.00 to |
|
7.50 to |
|
7.25 to |
|
6.25 to |
|
No |
|
29941 |
|
deposit account |
maximum limit |
and 5 |
and 5 |
and 5 |
|
13.50 + |
12.50 |
++ |
11.50 |
+++ |
10.50 |
** |
9.00 |
$ |
8.50 |
$$ |
7.50 |
$$$ |
|
|
|
4 |
Post office recurring |
Minimum Rs 10 per month or |
5 |
5 |
5 |
|
13.50 |
12.50 |
|
11.50 |
|
10.50 |
|
9.00 |
|
8.50 |
|
7.50 |
|
No |
|
65071 |
|
deposit account |
any amount in multiples of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rs. 5 and no maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
National Savings |
Minimum Rs.100 and no |
4 |
4 |
4 |
|
11.00 |
11.00 |
|
11.00 |
|
10.50 |
|
9.00 |
|
8.50 |
|
- |
|
Yes |
|
609 |
|
scheme 1992 |
maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Post Office Monthly |
Minimum Rs 1500 and maximum |
6 |
6 |
6 |
|
14.00 |
13.00 |
|
12.00 |
|
11.00 |
|
9.50 |
|
9.00 |
|
8.00 |
|
No |
|
182390 |
|
Income Scheme |
Rs. 4.5 lakh in single account and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rs. 9 lakh in joint account |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
NSC VIII issue |
Minimum Rs. 100 and |
6 |
6 |
6 |
|
12.00 |
12.00 |
|
11.50 |
|
11.00 |
|
9.50 |
|
9.00 |
|
8.00 |
|
Yes |
£ |
57388 |
|
|
no maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
Indira Vikas Patra |
No limit |
5 |
5 1/2 |
6 |
|
14.87 @ |
13.43 @ |
|
12.25 |
@ |
- |
|
- |
|
- |
|
- |
|
No |
|
1218 |
9 |
Kisan Vikas Patra |
Minimum Rs. 100 |
5 |
5 1/2 |
6 |
@@ |
14.87 @ |
13.43 @ |
|
12.25 |
@ |
11.25 |
@ |
10.03 |
@ |
9.46 |
@ |
8.41 |
@ |
No |
|
150408 |
|
|
no maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 |
Deposit scheme for |
Minimum Rs. 1,000 and |
3 |
3 |
3 |
|
9.00 |
10.00 |
|
9.00 |
|
9.00 |
|
8.50 |
|
8.00 |
|
7.00 |
|
No |
|
1244^ |
|
retiring government |
companies 1991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
employees 1989/ |
maximum not exceeding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
retiring employees |
the total retirement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of public sector |
benefits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11 |
Senior citizens |
Minimum Rs 1.000 and |
- |
- |
5 |
^^ |
- |
- |
|
- |
|
- |
|
- |
|
- |
|
9.00 |
^^ |
No |
|
22197 |
|
saving scheme |
maximum Rs.15 lakh |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P : Provisional.
#:Open-ended scheme.
##:4.5 per cent for individual/joint and group account, 4 per cent for public account and security deposit accounts - for purchase of motor vehicles or tractors, 3 per cent for official capacity accounts and other accounts.
###:3.5 per cent for individual/joint and group account, 3 per cent for public account and security deposit accounts - for purchase of motor vehicles or tractors, 2 per cent for official capacity accounts and other accounts.
*:Relate to post office transactions only.
+:1 Year -12 per cent, 2 Years -12.5 per cent, 3 Years -13 per cent and 5 Years -13.5 per cent.
++:1 Year -10.5 per cent, 2 Years -11 per cent, 3 Years -12 per cent and 5 Years -12.5 per cent.
+++:1 Year - 9 per cent, 2 Years -10 per cent, 3 Years -11 per cent and 5 Years -11.5 per cent.
**:1 Year - 8 per cent, 2 Years - 9 per cent, 3 Years - 10 per cent and 5 Years - 10.5 per cent.
$:1 Year - 7.5 per cent, 2 Years - 8 per cent, 3 Years - 9 per cent and 5 Years - 9 per cent.
$$:1 Year - 7.25 per cent, 2 Years - 7.5 per cent, 3 Years - 8.25 per cent and 5 Years - 8.5 per cent.
$$$:1 Year - 6.25 per cent, 2 Years - 6.5 per cent, 3 Years - 7.25 per cent and 5 Years - 7.5 per cent.
£:Interest accrued annually will be added to the income but will be treated as ‘deemed to be reinvested’ under Section 80C.
@:Compounded interest rate.
@@:Maturity period has been raised to 6 1/2 years with effect from January 15, 2000, 7 years 3 months from March 1, 2001, 7 years 8 months from March 1, 2002 and 8 years 7 months from March 1, 2003.
^:As at end-February 2005.
^^:Introduced in August 2004.
Also see Notes on Tables.
Source : 1. National Savings Organisation.
2. Receipts Budget, Government of India.
3. Accountant General, Posts & Telegraph.
4. Government of India press releases.
5. Report of the Advisory Committeee to Advise on the Administered Interest Rates and Rationalisation of Savings Instruments. |
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