post office scheme

8/8/2019 Post Office Scheme

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Investment options @ India Post


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Post Office Savings Account

y 3.5% per annum on individual/ joint accounts.

y Minimum INR. 50/-

y Maximum INR. 1,00,000/- for an individual account.

y INR. 2,00,000/- for joint account.y Cheque facility is available and Interest isTax Free.


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5-YearPost Office Recurring Deposit

Account

y On maturity INR. 10/- account fetches INR. 728.90/-.

y Rate of interest 7.5% (quarterly compounded)

y Minimum INR. 10/- per month or any amount in multiples

of INR. 5/-. No maximum limit.y One withdrawal upto 50% of the balance allowed after one

year.


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Post Office Time Deposit Account

y Interest payable annually but calculated quarterly.

y Minimum INR. 200/- and in multiple thereof. No maximum

limit.

Period Rate

1 yr 6.25%

2 yrs 6.50%3 yrs 7.25%

5 yrs 7.50%


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Post Office Monthly Income Account

y 8% per annum payable i.e. INR. 80/- will be paid every month on

a deposit of INR. 12000/-.

y In multiples of INR. 1500/- Maximum INR. 4.5 lakhs in single

account and INR. 9 lakhs in joint account.

y Maturity period is 6 year. Can be prematurely encashed after one

year but before 3 year at the discount of 2% of the deposit and

after 3 year at the discount of 1% of the deposit. (Discount means

deduction from the deposit.) A bonus of 5% on principal amount

is admissible on maturity in respect of MIS accounts opened on orafter 8.12.07


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15year Public Provident Fund Account

y 8% per annum (compounded yearly).

y Minimum INR. 500/- Maximum INR. 70,000/- in a

financial year. Deposits can be made in lump sum or in 12

instalments.y Deposits qualify for deduction from income under Sec. 80C

of IT Act. Interest is completely tax-free. Loan facility

available from 3rd Financial year.

y

Withdrawal permitted from 6th financial year.


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KisanVikas Patray Money doubles in 8 year & 7 months.

y Facility for premature encashment.

y Rate of interest 8% (compounded yearly)

y

No limit on investment. Available in denominations of INR.100/-, INR. 500/-, INR. 1000/-, INR. 5000/-, INR.10,000/-, in all Post Offices and INR. 50,000/- in all HeadPost Offices.

y A single holder type certificate may be issued to an adult for

himself or on behalf of a minor or to a minor, can also bepurchased jointly by two adults


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Senior Citizens Savings Schemey 9% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the

first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st

December

y There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding

rupees fifteen lakh.

y Maturity period is 5 year.

y A depositor may operate more than a account in individual capacity or jointly with spouse.

y Age should be 60 year or more, and 55 year or more but less than 60 year 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.

y Premature closure is allowed after one year on deduction of 1.5% interest & after 2 year 1%

interest.y 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.


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Thank You

post office scheme

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