Name

Limits of

Maturity Period (Years)

Rate of Interest

of the Scheme

Investment

April

April

Since

Since

(per cent per annum)

1991

1992

Sep. 2,

Jan. 1,

April

Since

1993

1999

1991

April

1992

1

2

3

4

5

6

7

8

1.Post Office Savings

Minimum Rs.20 and maximum

#

#

#

#

5.5

5.5

  Bank Accounts

Rs.1,00,000 for an individual

account (Rs.2 lakh jointly. No

limit on group, institutional

or official capacity accounts)

2.Public Provident

Minimum Rs.100 and

15

15

15

15

12

12

   Fund 1968

maximum Rs.60,000 in a

fical year.

3.Post Office Time

Minimum Rs.50 and

1,2,3

1,2,3

1,2,3

1,2,3

9.50 to

12.00 to

   Deposit Account

Maximum no limit.

And 5

and 5

and 5

and 5

11.50 +

13.50++

4.Post Office

Minimum Rs.10 per month

5

5

5

5

11.5

13.5

  Recurring Deposit

or any amount in multiples

 Account

of Rs. 5. No maximum limit.

5.National Savings

Minimum Rs.100 and

4***

4***

4***

4***

11

11

   Scheme 1992

and Maximum no limit.

6 Post Office

Minimum Rs.6,000 and

6

6

6

6

12

14

   Monthly Income

maximum Rs.3 lakhs in single

  Scheme

account and Rs.6 lakhs in

joint account.

7.NSC VIII Issue

Minimum Rs.100

6

6

6

6

12

12

Maximum no limit.

8.Indira Vikas 

No limit.

5

5

5 ½

6

14.87@

14.87@

Patra ££

9.Kisan Vikas Patra

No limit.

5 ½

5

5 ½

6@@

13.43@

14.87@

10.Deposit Scheme for 

Minimum Rs.1,000 and

#

#

#

#

9

9

   Retiring Government

maximum not exceeding the

   Employees 1989/

total retirement benefits.

   Retiring Employees

   of Public Sector

   Companies 1991

Name

Rate of Interest

Whether

Deductions

Amount

of the

(per cent per annum)

interest

under

Out-

Scheme

is tax

Sec.88

standing

Since

Since

Since

Since

Since

free under

of

at end-

Sept. 2,

Jan. 15,

Mar. 1,

Mar. 1,

Mar. 1

Income

Income

March 2001

1993

2000

2001

2002

2003

Tax

Tax

(Rupees

act

Act

crore)

1

9

10

11

12

13

14

15

16

1.Post Office Savings

5.5

4.50 ##

3.50+++

3.50£

.

Yes

No

8830

  Bank Accounts

Sec.10

2.Public Provident

12

11

9.5

9

8

Yes

Yes

6392  # # #

   Fund 1968

Sec.10

3.Post Office Time

10.50 to

8.0 to

7.5 to

7.25 to

6.25 to

Yes

No

6921

   Deposit Account

12.50 *

10.50 **

9.00$

8.50$$

7.50 $$$

Sec. 80-L

4.Post Office

12.5

.

.

.

.

do

No

18696

  Recurring Deposit

 Account

5.National Savings

11

10.5

9

8.5

7.5

do

Yes

811

   Scheme 1992

6 Post Office

13

11

9.5

9

8

do

No

42560

   Monthly Income

  Scheme

7.NSC VIII Issue

12

11.5

9.5

9

8

do

Yes

36649

8.Indira Vikas 

13.43@

-

-

-

.

No

No

9971

Patra ££

9.Kisan Vikas Patra

13.43@

12.25@

10.03

.

.

No

No

92462

10.Deposit Scheme for 

10

9

8.5

8

.

Yes

No

607

Retiring Government

Sec.10

Employees 1989/

Retiring Employees

of Public Sector

Companies 1991

#  :  open ended scheme.
##  :  4.5 % for individual/joint and group account, 4% for public account and security deposit accounts for purchase of motor vehicles or tractors, official capacity accounts and other accounts 3%.
### : Relate to Post Office Transactions only.
+ :  Compounded quarterly and payable annually. 1 Year -9.5%,  2 Years -10%,  3 Years -10.5% and 5 Years -11%.
++  :  Compounded quarterly and payable annually.  1 Year -12%,  2 Years -12.5.0%,  3 Years -13% and 5 Years -13.5%.
+++  :  Single Account , Pension Account , Joint Account, P.F., Superannuation, Gratuity Fund Account, Sanchayika Account 3.5%, Public Account 3%, Security Deposit Account for purchase of motor vehicle or tractor 3%, for other purposes 2%, official capacity account 2%.
£ :  3.5% per annum on individual /Joint and group accounts. 3%.per annum on public accounts and security Deposit Accounts. For purchase of motor vehcle or tractor. official capacity accounts 3 % & other accounts 2 %.per annum
*  :  Compounded quarterly and payable annually. 1 Year -10.5%,  2 Years -11%,  3 Years -12% and 5 Years -12.5%.
**           :  Compounded quarterly and payable annually. 1 Year -9%,  2 Years -10%,  3 Years -11% and 5 Years -11.5%.
***  :  From the year of opening account.
@  :  Compounded interest rate.
@@  :  Maturity Period has been raised to 6 1/2 years with effect from January 15, 2000 , 7 years 3 months after 1st day of March 2001, 7 years 8 months after  1st day of March 2002
££  : The scheme has discontinued with effect from July 17, 1999.
$   : One year 7.5%, two years 8%, three years 9%, five years 9%.
$$   : One year 7.25%, two years 7.5%, three years 8.25%, five years 8.5%.
$$$   :  One year 6.25%, two years 6.5%, three years 7.25%, five years 7.5%.
Note  :  All the Postal Savings Schemes do not come under the purview of Wealth Tax Act from the assessment year 1993-94.
Sources  :  1. National Savings Organisation, (2) Receipts Budget, Government of India, (3) Accountant General, Posts & Telegraph.