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Date : Sep 15, 2021
Table 112 : Small Savings Schemes
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. 2020 (₹ Crores)
Since Sep.2, 1993 Since Jan.2, 1999 Since Apr.1, 2013 Since Apr.1, 2014 Since Apr.1, 2015 Since Apr.1, 2016 Since Apr.1, 2017 Since Jan.1, 2018 Since Oct.1, 2018 Since Jan.1, 2019 Since Jul. 1, 2019 Since Apr. 1, 2020
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Post Office Savings Bank Accounts Minimum ₹500 for opening # # 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 No 166140
Public Provident Fund 1968 Minimum ₹500 and Maximum ₹1,50,000 in a Financial Year 15 15 8.7 8.7 8.7 8.1 7.9 7.6 8.0 8.0 7.9 7.1 Yes 91538
Post Office Time Deposit Account Minimum ₹1000 and no Maximum Limit 1,2,3 and 5 1,2,3 and 5 - 8.4 - - - - - -     - -
(i) 1 Year   - - 8.2 8.4 8.4 7.1 6.9 6.6 6.9 7.0 6.9 5.5 - 92618
(ii) 2 Year   - - 8.2 8.4 8.4 7.2 7.0 6.7 7.0 7.0 6.9 5.5 - 7097
(iii) 3 Year   - - 8.3 8.4 8.4 7.4 7.2 6.9 7.2 7.0 6.9 5.5 - 7536
(iv) 5 Year   - - 8.4 8.5 8.5 7.9 7.7 7.4 7.8 7.8 7.7 6.7 Yes 58836
Post Office Recurring Deposit Account Minimum ₹100 per month or Any Amount in Multiples of ₹10 and No Maximum Limit 5 5 8.3 8.4 8.4 7.4 7.2 6.9 7.3 7.3 7.2 5.8 No 114222
National Savings Scheme 1992 Discontinued 4 4                   -   -
Post Office Monthly Income Scheme In multiples of ₹1000; Maximum ₹4.5 Lakh in Single Account and ₹9 Lakh in Joint Account 6 5 8.4 8.4 8.4 7.8 7.6 7.3 7.7 7.7 7.6 6.6 No 209168
NSC VIII issue (For 5 years) Minimum ₹1000 and No Maximum Limit 6 5 8.5 8.5 8.5 8.1 7.9 7.6 8.0 8.0 7.9 6.8 Yes 117987
NSC IX issue (For 10 years) Discontinued - 10^^ 8.8 8.8 8.8 - - - - - - - Yes -
Indira Vikas Patra Discontinued 5.5 6 - - - - - - - - - - Yes 162
Kisan Vikas Patra Minimum ₹1000, no upper limit 5.5 - - - 8.7 7.8 7.6 7.3 7.7 7.7 7.6 6.9 No 122602 @
Senior Citizens Saving Scheme Minimum ₹1000 and Maximum ₹15 Lakh - 5^ 9.2 9.2 9.3 8.6 8.4 8.3 8.7 8.7 8.6 7.4 Yes 76042
Sukanya Samriddhi Accounts Minimum ₹250 and Maximum ₹1.5 Lakh         9.2 8.6 8.4 8.1 8.5 8.5 8.4 7.6 Yes -
-- Not Available
# Open-ended scheme.
^ Introduced in August 2004.
^^ Introduced in December 2011.
@ Pertains to Kisan Vikas Patra 2014
Also see Notes on Tables.
Sources : 1. Department of Economic Affairs, Ministry of Finance, Government of India.
2. National Savings Institute
3. Press releases and Indian Public Finance Statistics, Ministry of Finance, Government of India.
4. Report of the Advisory Committee to Advise on the Administered Interest Rates and Rationalisation of Savings Instruments.
5. Accountant General, Posts & Telegraph.
6. Reserve Bank of India Bulletin.

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