Interest payable, Salient features Rates, Periodicity Investment limits and including Tax Scheme etc.

Denominations Rebate Cheque facility 4.0% per annum available. on individual/ Interest Tax Post Office Savings Account joint accounts. Minimum INR 50/-. Free. One withdrawal upto 50% of the balance allowed after one year. Full maturity value allowed on R.D. Accounts restricted to that of INR. 50/denomination in On maturity INR case of death of 10/- account depositor subject fetches INR to fulfillment of 738.62/-. Can be certain continued for Minimum INR 10/- per conditions. 6 & another 5 years on month or any amount in 12 months 5-Year Post Office year to year basis. multiples of INR 5/-. advance deposits Recurring Deposit Account No maximum limit. earn rebate. Account may be Interest payable opened by annually but individual. The calculated investment in the quarterly. Minimum INR 200/- case of 5 years Period Rate and in multiples TD qualify for 1 yr. A/c 8.20%thereof. No maximum the benefit of 2 yr. A/c 8.30%limit.. Minimum INR Section 80C of 3 yr. A/c 8.40%200/- and in multiples the Income Tax Post Office Time Deposit 5 yr. A/c 8.50%thereof. No maximum Act, 1961 from Account w.e.f. 01.04.2012 limit. 1.4.2007. Post Office Monthly Income 8.50% per annum In multiples of INR Maturity period is Account Scheme w.e.f. 01.04.2012 1500/- Maximum INR 5 years. Can be 4.5 lakhs in single prematurely account and INR 9 encashed after lakhs in joint account. one year with some conditions. No Bonus is admissible on maturity in respect of MIS

15 year Public Provident Fund Account

8.80% per annum w.e.f. 01.04.2012

INR. 100/- grows to INR 150.90 National Savings Certificate after 5 years. (VIII Issue) National Savings Certificate INR. 100/- grows (IX Issue) to INR 234.35 after 10 years.

accounts opened on or after 01.12.2011. Deposits qualify for deduction from income under Sec. 80C of IT Act. Interest is completely taxfree. Withdrawal is permissible every year from 7th financial year. Loan Minimum INR. 500/- facility available Maximum INR. from 3rd 1,00,000/- in a financial Financial year. year. Deposits can be No attachment made in lumpsum or in under court 12 installments. decree order. A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits qualify for tax rebate under Sec. 80C of IT Act. The interest Minimum INR. 100/- accruing annually No maximum limit but deemed to be available in reinvested will denominations of INR. also qualify for 100/-, 500/-, 1000/-, deduction under 5000/- & INR. Section 80C of IT 10,000/-. Act. Minimum INR. 100/- A single holder No maximum limit type certificate available in can be purchased

by an adult for himself or on behalf of a minor or to a minor. Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax denominations of INR. shall be deducted 100/-, 500/-, 1000/-, at the time of 5000/- & INR. payment of 10,000/-. discharge value. 9.30% per annum, There shall be only one Maturity period is payable from the deposit in the account 5 years. A date of deposit of in multiple of depositor may 31st March/30th INR.1000/- maximum operate more than Sept/31st not exceeding rupees a account in December in the fifteen lakh. account in individual first instance & multiple of INR.1000/- capacity or thereafter, interest maximum not jointly with shall be payable exceeding rupees spouse. Age on 31st March, fifteen lakh. should be 60 30th June, 30th years or more, Sept and 31st and 55 years or December. more but less than 60 years who has retired on superannuation or otherwise on the date of opening of account subject to the condition that the account is opened within one month of receipt of retirement benefits.

Senior Citizen Savings Scheme

Premature closure is allowed after one year on deduction of 1.5% interest & after 2 years 1% interest. TDS is deducted at source on interest if the interest amount is more than INR 10,000/- p.a. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.