Name of the Scheme |
Limits of Investment (Present Status) |
Maturity Period (Years) |
Rate of Interest (per cent per annum) |
Deduc tions under Sec. 80C of Income Tax Act (Present Status) |
Amount Out standing at end-Mar. 2012 (Rupees Billion) |
April 1992 |
Since Sep. 2, 1993 |
Since Jan. 2, 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 |
Since Dec. 1, 2011 |
Since Apr. 1, 2012 |
Since Apr. 1, 2013 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
Post Office Savings Bank Accounts |
Minimum Rs.20 for opening |
# |
# |
# |
5.5 |
5.5 |
4.5 |
4.5 ## |
3.5 ### |
3.5 ### |
3.5 ### |
4 |
4 |
4 |
No |
340.7 |
Public Provident Fund 1968 |
Minimum Rs 500 and Maximum Rs. 1,00,000 in a Financial Year |
15 |
15 |
15 |
12.0 |
12.0 |
12.0 |
11.0 |
9.5 |
9.0 |
8.0 |
8.6 |
8.8 |
8.7 |
Yes |
359.9 |
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 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
273.9 |
(i) 1 Year |
|
- |
- |
- |
12.0 |
10.5 |
9.0 |
8.0 |
7.5 |
7.3 |
6.3 |
7.7 |
8.2 |
8.2 |
- |
168.7 |
(ii) 2 Year |
|
- |
- |
- |
12.5 |
11.0 |
10.0 |
9.0 |
8.0 |
7.5 |
6.5 |
7.8 |
8.3 |
8.2 |
- |
13.1 |
(iii) 3 Year |
|
- |
- |
- |
13.0 |
12.0 |
11.0 |
10.0 |
9.0 |
8.3 |
7.3 |
8 |
8.4 |
8.3 |
- |
42.1 |
(iv) 5 Year |
|
- |
- |
- |
13.5 |
12.5 |
11.5 |
10.5 |
9.0 |
8.5 |
7.5 |
8.3 |
8.5 |
8.4 |
Yes |
50 |
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 |
13.5 |
12.5 |
11.5 |
10.5 |
9.0 |
8.5 |
7.5 |
8 |
8.4 |
8.3 |
No |
626.6 |
National Savings Scheme 1992 |
Discontinued |
4 |
4 |
4 |
11.0 |
11.0 |
11.0 |
10.5 |
9.0 |
8.5 |
- |
- |
- |
- |
- |
4.1 |
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+ |
14.0 |
13.0 |
12.0 |
11.0 |
9.5 |
9.0 |
8.0 |
8.2 |
8.5 |
8.4 |
No |
2052.9 |
Indira Vikas Patra |
Discontinued |
5 |
5 1/2 |
6 |
14.9 @ |
13.5 @ |
12.3 @ |
- |
- |
- |
- |
- |
- |
- |
- |
8.9 |
Kisan Vikas Patra |
Discontinued |
5 |
5 1/2 |
6@@ |
14.9 @ |
13.5 @ |
12.3 @ |
11.3 @ |
10.0 @ |
9.5 @ |
8.4 @ |
- |
- |
- |
- |
1539.6 |
NSC VIII issue |
Minimum Rs. 100 and No Maximum Limit |
6 |
6 |
6 |
12.0 |
12.0 |
11.5 |
11.0 |
9.5 |
9.0 |
8.0 |
8.4 |
8.6 |
8.5 |
Yes |
550.7 |
Senior Citizens Saving Scheme |
Minimum Rs 1,000 and Maximum Rs.15 Lakh |
- |
- |
5^ |
- |
- |
- |
- |
- |
- |
9.0 ^ |
- |
9.3 |
9.2 |
Yes |
267.6 |
# 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.
+ Maturity period is 5 years from 1.12.2011.
& Interest accrued annually will be added to the income but will be treated as ‘deemed to be reinvested’ under Section 80C.
^ Introduced in August 2004.
@ Compounded interest rate.
@@ Maturity period was 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.
Also see Notes on Tables.
Source: 1. National Savings Organisation.
2. Receipts Budget, Government of India.
3. Accountant General, Posts & Telegraph.
4. Press releases and Indian Public Finance Statistics, Ministry of Finance, Government of India.
5. Report of the Advisory Committee to Advise on the Administered Interest Rates and Rationalisation of Savings Instruments. |
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