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.