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Date : Sep 15, 2018
Table 117 : Small Savings Schemes
Name of the Scheme Limits of Investment
(Present Status)
Maturity Period
(Years)
Rate of Interest
(per cent per annum)
Deducti ons under Sec. 80C of Income Tax Act (Present Status) Amount Outstan ding at end- Mar. 2017
(₹ Billion)
Since Sep.2, 1993 Since Jan.2, 1999 Since Dec. 1, 2011 Since Apr . 1, 2012 Since Apr. 1, 2013 Since Apr. 1, 2014 Since Apr. 1, 2015 Since Apr. 1, 2016 Since Jul. 1, 2016 Since Apr. 1, 2017 Since Jul. 1, 2017 Since Jan. 1, 2018
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Post Office Savings Bank Accounts Minimum ₹20 for opening # # 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 No 920.64
Public Provident Fund 1968 Minimum ₹500 and Maximum ₹1,50,000 in a Financial Year 15 15 8.6 8.8 8.7 8.7 8.7 8.1 8.1 7.9 7.8 7.6 Yes 633.61
Post Office Time Deposit Account Minimum ₹200 and no Maximum Limit 1,2,3 and 5 1,2,3 and 5 - - - 8.4 - - - - - - - 796.58
(i) 1 Year   - - 7.7 8.2 8.2 8.4 8.4 7.1 7.1 6.9 6.8 6.6 - 518.38
(ii) 2 Year   - - 7.8 8.3 8.2 8.4 8.4 7.2 7.2 7.0 6.9 6.7 - 36.58
(iii) 3 Year   - - 8.0 8.4 8.3 8.4 8.4 7.4 7.4 7.2 7.1 6.9 - 51.77
(iv) 5 Year   - - 8.3 8.5 8.4 8.5 8.5 7.9 7.9 7.7 7.6 7.4 Yes 189.85
Post Office Recurring Deposit Account Minimum ₹10 per month or Any Amount in Multiples of ₹5 and No Maximum Limit 5 5 8.0 8.4 8.3 8.4 8.4 7.4 7.4 7.2 7.1 6.9 No 844.53
National Savings Scheme 1992 Discontinued 4 4 - - - - - - - - - - - -0.48
Post Office Monthly Income Scheme Minimum ₹1500 and Maximum ₹4.5 Lakh in Single Account and ₹9 Lakh in Joint Account 6 6+ 8.2 8.5 8.4 8.4 8.4 7.8 7.8 7.6 7.5 7.3 No 1800.66
NSC VIII issue (For 5 years) Minimum ₹100 and No Maximum Limit 6 6 8.4 8.6 8.5 8.5 8.5 8.1 8.1 7.9 7.8 7.6 Yes 872.39
NSC IX issue (For 10 years) Discontinued - 10^^ 8.7 8.9 8.8 8.8 8.8 - - - - - Yes -
Indira Vikas Patra Discontinued 5 1/2 6 - - - - - - - - - - Yes 8.86
Kisan Vikas Patra Minimum ₹1000, no upper limit 5 1/2 6@@ - - -   8.7 7.8 7.8 7.6 7.5 7.3 - 535.72
Senior Citizens Saving Scheme Minimum ₹1000 and Maximum ₹15 Lakh - 5^ - 9.3 9.2 9.2 9.3 8.6 8.6 8.4 8.3 8.3 Yes 294.53
Sukanya Samriddhi Accounts Minimum ₹1000 and Maximum ₹1.5 Lakh - - - - - - 9.2 8.6 8.6 8.4 8.3 8.1 Yes -
# Open-ended scheme.
+ Maturity period is 5 years from 1.12.2011.
^ Introduced in August 2004.
@@ Maturity period was 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.
^^ Introduced in December 2011.
Also see Notes on Tables.
Sources : 1. National Savings Organisation.
2. Receipts Budget, Government of India.
3. Accountant General, Posts & Telegraph.
4. Press releases and Indian Public Finance Statistics, Ministry of Finance, Government of India.
5. Report of the Advisory Committee to Advise on the Administered Interest Rates and Rationalisation of Savings Instruments.
6. Reserve Bank of India Bulletin.

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