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-March
2006 P
(Rupees
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 |
Minimum Rs.50 and maximum |
# |
# |
# |
|
5.50 |
5.50 |
|
4.50 |
4.50 ## |
3.50 ### |
3.50 ### |
3.50 ### |
No |
|
16476 |
|
bank accounts |
Rs.1,00,000 for an individual account (Rs.2 lakh jointly) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. |
Public Provident Fund |
Minimum Rs.500 and maximum |
15 |
15 |
15 |
|
12.00 |
12.00 |
|
12.00 |
11.00 |
9.50 |
9.00 |
8.00 |
Yes |
|
16376 * |
|
1968 |
Rs.70,000 in a fiscal year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. |
Post office time |
Minimum Rs.200 and no |
1,2,3 |
1,2,3 |
1,2,3 |
12.00 to |
10.50 to |
|
9.00 to |
8.00 to |
7.50 to |
7.25 to |
6.25 to |
No |
|
36861 |
|
deposit account |
maximum limit |
and 5 |
and 5 |
and 5 |
|
13.50 + |
12.50 |
++ |
11.50 +++ 10.50 ** |
9.00 $ |
8.50 $$ |
7.50 $$$ |
|
|
|
4. |
Post office recurring |
Minimum Rs.10 per month or |
5 |
5 |
5 |
|
13.50 |
12.50 |
|
11.50 |
10.50 |
9 .00 |
8.50 |
7.50 |
No |
|
49957 |
|
deposit account |
any amount in multiples of Rs.5 and no maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. |
National savings |
Minimum Rs.100 and no |
4 |
4 |
4 |
|
11.00 |
11.00 |
|
11.00 |
10.50 |
9.00 |
8.50 |
- |
Yes |
|
2153 |
|
scheme 1992 |
maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. |
Post Office Monthly |
Minimum Rs.1,000 and maximum |
6 |
6 |
6 |
|
14.00 |
13.00 |
|
12.00 |
11.00 |
9.50 |
9.00 |
8.00 |
No |
|
182540 |
|
Income Scheme |
Rs.3 lakh in single account and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rs.6 lakh in joint account |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. |
NSC VIII issue |
Minimum Rs.100 and no |
6 |
6 |
6 |
|
12.00 |
12.00 |
|
11.50 |
11.00 |
9.50 |
9.00 |
8.00 |
Yes |
£ |
58507 |
|
|
|
maximum limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. |
Indira Vikas Patra |
No limit |
5 |
5 1/2 |
6 |
|
14.87@ |
13.43@ |
12.25@ |
- |
- |
- |
- |
No |
|
-949 |
9. |
Kisan Vikas Patra |
No limit |
5 |
5 1/2 |
6@@ |
14.87@ |
13.43@ |
12.25@ |
11.25@ |
10.03@ |
9.46@ |
8.41@ |
No |
|
146348 |
10. |
Deposit scheme for retiring government employees 1989/ retiring employees of public sector companies 1991 |
Minimum Rs.1,000 and 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 |
Minimum Rs. 1,000 and |
- |
- |
5 |
^^ |
- |
- |
|
- |
- |
- |
- |
9.00 ^^ |
No |
|
14974 |
|
saving scheme |
maximum Rs. 15 lakh |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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. |
|
IST,
