Publications

Name of The Scheme

Limits of Investment

Maturity Period (years)

Rate of Interest (per cent per annum)

Dedu ctions under Sec. 80C of Income Tax Act

Amount Outsta nding at end-Mar. 2010 P ( ` crore)

April 1992

Since Sep.2, 1993

Since Jan.1, 1999

Since April 1992

Since Sep. 2, 1993

Since Jan.1, 1999

Since Jan.15, 2000

Since Mar.1, 2001

Since Mar.1, 2002

Since Mar.1, 2003

1

2

3

4

5

6

7

8

9

10

11

12

13

14

1

Post Office Savings Bank Accounts

Minimum ` 50 and Maximum ` 100000 for an Individual Account ( ` 2 lakh jointly)

#

#

#

5.50

5.50

4.50

4.50 ##

3.50 ###

3.50 ###

3.50 ###

No

22690

2

Public Provident Fund 1968

Minimum ` 500 and Maximum ` 70000 in a Fiscal Year

15

15

15

12.00

12.00

12.00

11.00

9.50

9.00

8.00

Yes

23402*

3

Post Office Time Deposit Account

Minimum ` 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 to 12.5 ++

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

26265

4

Post Office Recurring Deposit Account

Minimum ` 10 per month or Any Amount in Multiples of ` 5 and No Maximum Limit

5

5

5

13.50

12.50

11.50

10.50

9.00

8.50

7.50

No

65072

5

National Savings Scheme 1992

Minimum ` 100 and No Maximum Limit

4

4

4

11.00

11.00

11.00

10.50

9.00

8.50

-

Yes

565

6

Post Office Monthly Income Scheme

Minimum ` 1500 and Maximum ` 4.5 Lakh in Single Account and ` 9 Lakh in Joint Account

6

6

6

14.00

13.00

12.00

11.00

9.50

9.00

8.00

No

179504

7

NSC VIII issue

Minimum ` 100 and No Maximum Limit

6

6

6

12.00

12.00

11.50

11.00

9.50

9.00

8.00

Yes &

55309

8

Indira Vikas Patra

No Limit

5

5 1/2

6

14.87 @

13.43 @

12.25 @

-

-

-

-

No

1031

9

Kisan Vikas Patra

Minimum ` 100 no Maximum Limit

5

5 1/2

6@@

14.87 @

13.43 @

12.25 @

11.25 @

10.03 @

9.46 @

8.41 @

No

147517

10

Deposit Scheme for Retiring Government Employees 1989/ Retiring Employees of Public Sector

Minimum ` 1000 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^

11

Senior Citizens Saving Scheme

Minimum ` 1.000 and Maximum ` 15 Lakh

-

-

5^^

-

-

-

-

-

-

9.00 ^^

No

20651

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.