Name of The Scheme |
Limits of Investment |
Maturity Period (years) |
Rate of Interest (per cent per annum) |
Deductions under Sec. 80C of Income Tax Act |
Amount Outstanding at end-Mar. 2009P
(Rs. crore) |
Apr-92 |
Since Sep.2, 1993 |
Since Jan.1, 1999 |
Since April 1992 |
Since Sep. 2, 1993 |
Since Jan.1, 19991 |
Since Jan.15, 2000 |
Since Mar.1, 2001 |
Since Mar.1, 2002 |
Since 2003 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
Post Office Savings Bank Accounts |
Minimum Rs.50 and Maximum Rs. 1,00, 000 for an Individual Account (Rs. 2 lakh jointly) |
# |
# |
# |
5.50 |
5.50 |
4.50 |
4.50 ## |
3.50 ### |
3.50 ### |
3.50 ### |
No |
22217 |
Public Provident Fund 1968 |
Minimum Rs 500 and Maximum Rs. 70,000 in a Fiscal Year |
15 |
15 |
15 |
12.00 |
12.00 |
12.00 |
11.00 |
9.50 |
9.00 |
8.00 |
Yes |
22758* |
Post Office Time Deposit Account |
Minimum Rs 200 and no Maximum Limit |
1,2,3 and 5 |
1,2,3 and 5 |
1,2,3 and 5 |
12.00 to 13.5+ |
10.50 to12.5 ++ |
9.00 to 11.50 +++ |
8.00 to 10.50 ** |
7.50 to 9.00 $ |
7.25 to 8.50 $$ |
6.25 to 7.50 $$$ |
No |
26331 |
Post Office Recurring Deposit Account |
Minimum Rs 10 per month or Any Amount in Multiples of Rs. 5 and No Maximum Limit |
5 |
5 |
5 |
13.50 |
12.50 |
11.50 |
10.50 |
9.00 |
8.50 |
7.50 |
No |
64822 |
National Savings Scheme 1992 |
Minimum Rs.100 and No Maximum Limit |
4 |
4 |
4 |
11.00 |
11.00 |
11.00 |
10.50 |
9.00 |
8.50 |
- |
Yes |
555 |
Post Office Monthly Income Scheme |
Minimum Rs 1500 and Maximum Rs 4.5 Lakh in Single Account and Rs. 9 Lakh in Joint Account |
6 |
6 |
6 |
14.00 |
13.00 |
12.00 |
11.00 |
9.50 |
9.00 |
8.00 |
No |
179270 |
NSC VIII issue |
Minimum Rs. 100 and No Maximum Limit |
6 |
6 |
6 |
12.00 |
12.00 |
11.50 |
11.00 |
9.50 |
9.00 |
8.00 |
Yes |
55455 |
Indira Vikas Patra |
No Limit |
5 |
5 1/2 |
6 |
14.87 @ |
13.43 @ |
12.25 @ |
- |
- |
- |
- |
No |
1072 |
Kisan Vikas Patra |
Minimum Rs.100 no Maximum Limit |
5 |
5 1/2 |
6@@ |
14.87 @ |
13.43 @ |
12.25 @ |
11.25 @ |
10.03 @ |
9.46 @ |
8.41 @ |
No |
147584 |
Deposit Scheme for Retiring Government Employees 1989/ Retiring Employees of Public Sector |
Minimum Rs 1,000 and Companies 1991 Maximum Not Exceeding the Total Retirement Benefits |
3 |
3 |
3 |
9.00 |
10.00 |
9.00 |
9.00 |
8.50 |
8.00 |
7.00 |
No |
1244^ |
Senior Citizens Saving Scheme |
Minimum Rs 1.000 and Maximum Rs.15 Lakh |
- |
- |
5^^ |
- |
- |
- |
- |
- |
- |
9.00 ^^ |
No |
20612 |
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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