Name of the scheme |
Limits of investment Minimum Rs.1,000 and
Maximum Rs.15 lac
(Multiple of Rs.1,000) |
Maturity period
(Years) |
Rate of interest (per cent per annum) |
Deductions under
Sec. 80C
of Income
Tax Act |
Amount outstanding
at end-March
2005 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.20 and maximum |
# |
# |
# |
5.50 |
5.50 |
|
4.50 |
4.50 ## |
3.50 ### |
3.50 ### |
3.50 ### |
No |
|
14870 |
|
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 Fund |
Minimum Rs.100 and maximum |
15 |
15 |
15 |
12.00 |
12.00 |
|
12.00 |
11.00 |
9.50 |
9.00 |
8.00 |
Yes |
|
14273 |
|
1968 |
Rs.60,000 in a fiscal year. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. |
Post Office Time |
Minimum Rs.50 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 |
|
31994 |
|
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 |
|
41102 |
|
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 |
|
736 |
|
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 |
|
151026 |
|
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 |
£ |
55128 |
|
|
maximum limit. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. |
Indira Vikas Patra |
No limit. |
5 |
5 1/2 |
6 |
14.87 @ |
13.43 |
@ |
12.25 @ |
- |
- |
- |
- |
No |
|
787 |
9. |
Kisan Vikas Patra |
No limit. |
5 |
5 1/2 |
6 @@ |
14.87 @ |
13.43 |
@ |
12.25 @ |
11.25 @ |
10.03 @ |
9.57 @ |
8.41 @ |
No |
|
136449 |
10. |
Deposit Scheme for |
Minimum Rs.1,000 and |
3 |
3 |
3 |
9.00 |
10.00 |
|
9.00 |
9.00 |
8.50 |
8.00 |
7.00 |
No |
|
1244 ^ |
|
Retiring Government |
maximum not exceeding |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Employees 1989/ |
the total retirement |
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|
|
|
|
|
|
Retiring Employees |
benefits. |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
of Public Sector |
|
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|
|
|
|
|
Companies 1991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11. |
Senior Citizens |
Minimum Rs. 1,000 and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Saving Scheme |
maximum Rs. 15 lakhs |
- |
- |
5 ^^ |
- |
- |
|
- |
- |
- |
- |
9.00 ^^ |
No. |
|
5436 |
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,
