Name of
the
Scheme |
Limits of
Investment
(Present
Status) |
Maturity
Period (Years) |
Rate of Interest (per cent per annum) |
Deductions
under
Sec.
80C
of
Income
Tax Act
(Present
Status) |
Amount
Outstanding
at
end-
Mar.
2013
(` Billion) |
Since
Sep.2,
1993 |
Since
Jan.2,
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 |
Since
Dec.
1,
2011 |
Since
Apr.
1,
2012 |
Since
Apr.
1,
2013 |
Since
Apr.
1,
2014 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
Post Office
Savings
Bank
Accounts |
Minimum `20
for opening |
# |
# |
5.5 |
5.5 |
4.5 |
4.5 ## |
3.5 ### |
3.5 ### |
3.5 ### |
4.0 |
4.0 |
4.0 |
4.0 |
No |
378.5 |
Public
Provident
Fund 1968 |
Minimum
`500 and
Maximum
`1,50,000 in a
Financial Year |
15 |
15 |
12.0 |
12.0 |
12.0 |
11.0 |
9.5 |
9.0 |
8.0 |
8.6 |
8.8 |
8.7 |
8.7 |
Yes |
411.21 |
Post Office
Time
Deposit
Account |
Minimum
`200 and no
Maximum
Limit |
1,2,3
and 5 |
1,2,3
and 5 |
|
|
|
|
|
|
|
|
|
|
|
|
330.09 |
(i) 1 Year |
|
- |
- |
12.0 |
10.5 |
9.0 |
8.0 |
7.5 |
7.3 |
6.3 |
7.7 |
8.2 |
8.2 |
8.4 |
- |
213.36 |
(ii) 2 Year |
|
- |
- |
12.5 |
11.0 |
10.0 |
9.0 |
8.0 |
7.5 |
6.5 |
7.8 |
8.3 |
8.2 |
8.4 |
- |
14.75 |
(iii) 3 Year |
|
- |
- |
13.0 |
12.0 |
11.0 |
10.0 |
9.0 |
8.3 |
7.3 |
8.0 |
8.4 |
8.3 |
8.4 |
- |
38.89 |
(iv) 5 Year |
|
- |
- |
13.5 |
12.5 |
11.5 |
10.5 |
9.0 |
8.5 |
7.5 |
8.3 |
8.5 |
8.4 |
8.5 |
Yes |
62.09 |
Post Office Recurring Deposit Account |
Minimum `10
per month or Any Amount in Multiples of `5 and No Maximum
Limit |
5 |
5 |
13.5 |
12.5 |
11.5 |
10.5 |
9.0 |
8.5 |
7.5 |
8.0 |
8.4 |
8.3 |
8.4 |
No |
679.62 |
National
Savings Scheme
1992 |
Discontinued |
4 |
4 |
11.0 |
11.0 |
11.0 |
10.5 |
9.0 |
8.5 |
- |
- |
- |
- |
- |
- |
3.26 |
Post Office
Monthly
Income
Scheme |
Minimum
`1500 and
Maximum
`4.5 Lakh in
Single
Account and
`9 Lakh in
Joint Account |
6 |
6+ |
14.0 |
13.0 |
12.0 |
11.0 |
9.5 |
9.0 |
8.0 |
8.2 |
8.5 |
8.4 |
8.4 |
No |
2017.87 |
Indira
Vikas
Patra |
Discontinued |
5 1/2 |
6 |
14.9 @ |
13.5 @ |
12.3 @ |
- |
- |
- |
- |
- |
- |
- |
- |
- |
9.07 |
Kisan
Vikas
Patra |
Discontinued |
5 1/2 |
6@@ |
14.9 @ |
13.5 @ |
12.3 @ |
11.3 @ |
10.0 @ |
9.5 @ |
8.4 @ |
- |
- |
- |
- |
- |
1283.75 |
NSC VIII
issue |
Minimum
`100 and No
Maximum
Limit |
6 |
6 |
12.0 |
12.0 |
11.5 |
11.0 |
9.5 |
9.0 |
8.0 |
8.4 |
8.6 |
8.5 |
8.5 |
Yes |
647.19 |
NSC IX
issue |
Minimum
`100 and No
Maximum
Limit |
- |
10^^ |
- |
- |
- |
- |
- |
- |
- |
8.7 |
8.9 |
8.8 |
8.8 |
Yes |
- |
Senior
Citizens
Saving
Scheme |
Minimum
`1000 and
Maximum `15
Lakh |
- |
5^ |
- |
- |
- |
- |
- |
- |
9.0 ^ |
- |
9.3 |
9.2 |
9.2 |
Yes |
240.93 |
# 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.
+ Maturity period is 5 years from 1.12.2011.
& Interest accrued annually will be added to the income but will be treated as ‘deemed to be reinvested’ under Section 80C.
^ Introduced in August 2004.
@ Compounded interest rate.
@@ 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. |
|