Monthly Income Scheme (MIS)
Safe & sure way to get a regular monthly income
Specially suited for retired employees/ Senior Citizens or any one with high sum for investment
Rate of interest 8.4%
Maturity Period - Five Years
No Bonus on Maturity w.e.f. 01.12.2011
Auto credit facility to SB Account.
   
Type of Account Minimum limit Maximum limit
Single INR 1500/- INR 4.5 lakhs
Joint INR 1500/- INR 9 lakhs
   
 
 
Recurring Deposit
Any individual (a single adult or two adults jointly) can open an account
Advance Deposits earn rebate
Four defaults are allowed
Rate of interest 8.40%
Defaults can be paid within two months
Part withdrawal facility available
Premature closure allowed after three years
Pay Roll Savings Scheme is also available for employees of various Establishments
   
Type of Account Minimum Deposit Maximum Deposit
Individual Account INR. 10/- and in multiples of INR. 5/- thereafter No limit.
   
 
 
Time Deposit
Any individual (a single adult or two adults jointly) can open an account
Group Accounts, Institutional Accounts and Misc. account not permissible
Trust, Regimental Fund or Welfare Fund not permissible to invest
1 Year, 2 Year, 3 Year and 5 Year TD can be opened
In case of premature closure of 1 year, 2 Year, 3 Year or 5 Year account on or after 01.12.2011, if the deposit is withdrawn after 6 months but before the expiry of one year from the date of deposit, simple interest at the rate applicable to from time to time to post office savings account shall be payable
In case of premature closure of 2 year, 3 year or 5 year account on or after 01.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit, interest on such deposits shall be calculated at the rate, which shall be one per cent less than the rate specified for a period of deposit of 1 year, 2 year or 3 years as mentioned in the concerned table given under Rule 7 of Post office Time Deposit Rules
Rate of interest - 8.40%,8.40%,8.40%,8.50% compounded quarterly for 1,2,3 &5 years TD account respectively w.e.f 01.01.2014
The investment in the case of  5 years TD qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007
   
Type of Account Minimum Deposit Maximum Deposit
1,2,3 & 5 Year TD INR.200/- and in multiples of INR. 200/- thereafter No limit.
 
 
 
 
Senior Citizens Savings Scheme (SCSS)
A new avenue of investment and return for Senior Citizen
The account may be opened by an individual,
  Who has attained age of 60 years or above on the date of opening of the account
  Who has attained the age 55 years or more but less than 60 years and has retired under a Voluntary Retirement Scheme or a Special Voluntary Retirement Scheme on the date of opening of the account within three months from the date of retirement
  No age limit for the retired personnel of Defence services provided they fulfill other specified conditions
The account may be opened in individual capacity or jointly with spouse
Non-resident Indians (NRIs) and Hindu Undivided Family (HUF)�are not eligible to open an account
The individual may open one or more account in the multiple of INR.1000/-,subject to a maximum limit of INR.15 lakh
No withdrawal shall be permitted before the expiry of a period of five years from the date of opening of the account. The depositor may extend the account for a further period of 3 years
Premature closure of account is permitted
  After one year but before 2 years on deduction of 1.5 % of the deposit
  After 2 years but before date of maturity on deduction of 1% of the deposit
Premature closure allowed after three years
In case of death of the depositor before maturity, the account shall be closed and deposit refunded without any deduction along with interest
Interest @ 9.20% per annum from the date of deposit on quarterly basis. Interest can be automatically credited to savings account provided both the accounts stand in the same post office
Interest rounded off to the nearest multiple of rupee one
Post Maturity Interest at the rate applicable to the deposits under Post Office Savings Accounts from time to time is admissible for the period beyond maturity
Nomination facility is available in the Scheme
The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
 
 
15 Years Public Provident Fund
Ideal investment option for both salaried as well as self employed classes
Non-Resident Indians (NRIs) not eligible
Investment up to INR. 1,50,000 per annum qualifies for IT Rebate under section 80 C of IT Act
The rate of interest on the subscriptions made to the fund on or after 01.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of 8.70% per annum.
Loan facility available from 3rd financial year upto 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a. However, the rate of interest of 1% p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2011
Withdrawal permitted from 6th financial year
Free from court attachment
An individual cannot invest on behalf of HUF (Hindu Undivided Family) or Association of persons
   
Type of Account Minimum limit Maximum limit
Public Provident Fund (Individual account on his behalf or on behalf of minor of whom he is the guardian) INR. 500/- in a financial year INR. 1,50,000/- in a financial year.
   
 
 
National Savings Certificate
   
NSC VIII Issue
Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses
No maximum limit for investment
No tax deduction at source
Certificates can be kept as collateral security to get loan from banks
Investment up to INR 1,00,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act
Trust and HUF cannot invest
Rate of interest 8.50%
   
NSC IX Issue
No maximum limit for investment.
INR. 100/- grows to INR 234.35 after 10 years
Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-
A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor
Rate of interest 8.80%
Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 236.60 after 10 years