Post
Office Savings Account (POSA)
à
Interest
rate increased from 4.00% to 4.0% p.a.
à
Tax
free interest upto Rs. 3500 in single account and Rs. 7000 in
joint account, in a year.
à No
limit of maximum deposit.
Post
Office Recurring Deposit (PORD) (5 years)
à
Deposit
Rs. 10 per month for 5 years and get Rs. 738.62 on
maturity.
à
Interest
rate increased from 8.0 to 8.4% p.a.
à No
limit of maximum deposit.
Monthly
Income Account Scheme (MIS) (5 years)
à Interest
rate increased from 8.2 to 8.5% p.a. and maturity period
reduced
from 6 years to 5 years.
à Maximum
limit of deposit in single account is Rs. 4.5 lakh and in
joint
account is Rs. 9 lakh.
à Bonus
payable on maturity is discontinued on accounts opened
on or aft
er 1-12-2011. No eff ect on accounts
opened before
1.12.2011.
Post
Office Time Deposit (POTD)
No limit of maximum
deposit.
1 Year Time Deposit
à Interest
rate increased from 7.7 to 8.2% p.a.
à Rs.
100 would become Rs. 107.93 in one year.
2
Year Time Deposit
à Interest
rate increased from 7.8 to 8.3% p.a.
à Rs.
100 would become Rs.116.71 in two years.
3 Year Time Deposit
à Interest
rate increased from 8.0 to 8.4% p.a.
à Rs.
100 would become Rs.126.82 in three years.
5
Year Time Deposit
à Interest
rate increased from 8.3 to 8.5% p.a.
à Rs.
100 would become Rs. 150.80 in fi ve years..
à Deposits
upto Rs. 1 lakh are deductible under Section 80C of the
IT Act 1961.
5-Year
National Savings Certifi cate (NSC) (VIII Issue)
à Interest
rate increased from 8.4 to 8.6% p.a. and maturity period
reduced
from 6 years to 5 years.
à
Rs.
100 would become Rs. 150.90 in 5 years.
à
No
limit of maximum deposit.
à
Deposits
upto Rs. 1 lakh are deductible under Section 80C of the
IT Act 1961.
Senior
Citizens Savings Scheme (SCSS) (5 Years)
à
Maximum
limit of deposit in single/joint account Rs. 15 lakh.
à
Interest
rate 9.3% p.a.
à
Deposits
upto Rs. 1 lakh are deductible under Section 80C of the
IT Act 1961.
Public
Provident Fund (PPF) Scheme (15 Years)
à
Interest
rate increased from 8.6 to 8.8% p.a.
à Maximum
limit of deposit in a fi nancial year increased from Rs.
70,000 to Rs. 1 lakh.
à Deposits
deductible under Section 80C of the IT Act 1961.
à
Tax
free interest.
10-Years
National Savings Certifi cate (NSC) (IX Issue)
à
New
Scheme with interest rate of 8.9% p.a.
à
Rs.
100 would become Rs. 234.35 in 10 years.
à
No
limit of maximum deposit.
à
Deposits
upto Rs. 1 lakh deductible under Section 80C of the IT
Act
1961.
Kisan Vikas
Patra (KVP)
à
Discontinued
from 1st December, 2011.
à
No
effect on existing certificate holders.
INTEREST RATES AT A GLANCE
Revised interest rate from 1.4.2012 onwards:
Category
|
2.9.93
To
31.12.98
|
1.1.99
to
14.1.00
|
15.1.00
to
28.2.01
|
1.3.2001
to
28.2.02
|
1.3.02
to
28.02.03
|
1.03.03
to
30.11.2011
|
1.12.2011
onwards
|
SB
|
5.50%
|
4.50%
|
4.50%
|
3.50%
|
3.50%
|
3.50%
|
4%
|
Public account
|
5%
|
4%
|
4%
|
3%
|
3%
|
3%
|
3%
|
Security
Deposit
|
3%
|
3%
|
3%
|
2%
|
2%
|
2%
|
2%
|
PPF
|
12%
|
12%
|
11%
|
9.50%
|
9%
|
8%
|
8.6%
|
RD
|
12.50%
|
11.50%
|
10.50%
|
9%
|
8.50%
|
7.50%
|
8%
|
MIS
|
13%
|
12%
|
11%
|
9.50%
|
9%
|
8%
|
8.2%
|
1 YEAR TD
|
10.50%
|
9%
|
8%
|
7.50%
|
7.25%
|
6.25%
|
7.70%
|
2 YEAR TD
|
11%
|
10%
|
9%
|
8%
|
7.50%
|
6.50%
|
7.80%
|
3 YEAR TD
|
12%
|
11%
|
10%
|
9%
|
8.25%
|
7.25%
|
8.00%
|
5 YEAR TD
|
12.50%
|
11.50%
|
10.50%
|
9%
|
8.50%
|
7.50%
|
8.30%
|
NSS 87
|
11%
|
11%
|
11%
|
11%
|
11%
|
7.50%
|
7.50%
|
*NSS92
|
11%
|
11%
|
10.50%
|
9%
|
8.50%
|
7.50%
|
7.50%
|
*SCSS
|
-
|
-
|
-
|
-
|
-
|
9%
|
9%
|
*KVP
|
13.43%
|
12.25%
|
11.30%
|
10.03%
|
9%
|
8%
|
Discontinued
|
NSC VIII
|
12%
|
11.50%
|
11%
|
9.50%
|
9%
|
8%
|
8.4%
|
Revised interest rate from 1.4.2012 onwards:
Scheme
|
||
Saving deposit
|
4.0
|
4.0
|
1 year time deposit
|
7.7
|
8.2
|
2 year time deposit
|
7.8
|
8.3
|
3 year time deposit
|
8.0
|
8.4
|
5 year time deposit
|
8.3
|
8.5
|
5year recurring deposit
|
8.0
|
8.4
|
5year SCSS
|
9.0
|
9.3
|
5year MIS
|
8.2
|
8.5
|
5year NSC
|
8.4
|
8.6
|
10 year NSC
|
8.7
|
8.9
|
PPF
|
8.6
|
8.8
|
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