|
Scheme
|
Interest payable, Rates,
Periodicity etc.
|
Investment limits and
Denominations
|
Salient features including Tax
Rebate
|
|
4.0% per annum on individual/
joint accounts.
|
Minimum INR 50/-.
|
Cheque facility available. Interest Tax Free. |
|
|
On maturity INR 10/- account
fetches INR 738.62/-. Can be continued for another 5 years on year to year
basis.
|
Minimum INR 10/- per month or
any amount in multiples of INR 5/-. No maximum limit.
|
One withdrawal upto 50% of the
balance allowed after one year. Full maturity value allowed on R.D. Accounts
restricted to that of INR. 50/- denomination in case of death of depositor
subject to fulfillment of certain conditions. 6 & 12 months advance
deposits earn rebate.
|
|
|
Interest payable annually but
calculated quarterly.
Period Rate1 yr. A/c 7.70% 2 yr. A/c 7.80% 3 yr. A/c 8.00% 5 yr. A/c 8.30% |
Minimum INR 200/- and in
multiples thereof. No maximum limit.
|
Account may be opened by
individual. The investment under this scheme qualify for the
benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
|
|
|
8.2% per annum
w.e.f. 01.12.2011
|
In multiples of INR 1500/-
Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account.
|
Maturity period is 5 years.
Can be prematurely encashed after one year with some conditions. No
Bonus is admissible on maturity in respect of MIS accounts opened
on or after 01.12.2011.
|
|
|
8.6% per annum w.e.f.
01.12.2011
|
Minimum INR. 500/- Maximum
INR. 1,00,000/- in a financial year. Deposits can be made in lumpsum or in 12
installments.
|
Deposits qualify for deduction
from income under Sec. 80C of IT Act. Interest is completely tax-free.
Withdrawal is permissible every year from 7th financial year. Loan facility
available from 3rd Financial year. No attachment under court decree order.
|
|
|
INR. 100/- grows to INR 150.90
after 5 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. Deposits qualify for tax rebate under Sec. 80C of IT Act.
The interest accruing annually
but deemed to be reinvested will also qualify for deduction under Section 80C
of IT Act.
|
|
|
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.
Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax shall be deducted at the time of payment of discharge value. |
|
|
9% per annum, payable from the
date of deposit of 31st March/30th Sept/31st December in the first instance
& thereafter, interest shall be payable on 31st March, 30th June, 30th
Sept and 31st December.
|
There shall be only one
deposit in the account in multiple of INR.1000/- maximum not exceeding rupees
fifteen lakh.
|
Maturity period is 5 years. A
depositor may operate more than a account in individual capacity or jointly
with spouse. Age should be 60 years or more, and 55 years or more but
less than 60 years who has retired on superannuation or otherwise on the date
of opening of account subject to the condition that the account is opened
within one month of receipt of retirement benefits. Premature closure is
allowed after one year on deduction of 1.5% interest & after 2 years 1%
interest. TDS is deducted at source on interest if the interest amount is
more than INR 10,000/- p.a. The investment under this scheme qualify
for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
|
source:- indiapost
0 comments:
Post a Comment