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Please Select Savings Account Recurring Deposit Time Deposit Monthly Income Scheme National Savings Scheme 1992 Public Provident Fund Scheme Kisan Vikas Patras Year NSC VIII ISSUE Indira Vikas Patra
The Accounts are Short Term and Long Term Deposits.
Rate of interest from time to time :
Category
A/c opened 01.01.99 to 14.1.2000
A/c opened 15.01.2000 to 28.02.2001
A/c opened 01.03.2001 to 28.02.2002
1 year TD
9 %
8 %
7.5 %
7.25 %
2 year TD
10 %
7.50 %
3 year TD
11 %
8.25 %
5 year TD
11.5 %
10.5 %
8.50 %
Only one deposit in one account, in multiples of Rs.200/-. No maximum limit.
Annual interest can be automatically credited to savings account of the depositor.
Premature withdrawal is allowed : i. After 6 months and within one year...............No interest. ii. After one year ..............................................At reduced rate of interest. i.e. 2% less than the rate applicable on completed years type of a/c.
Accounts which are not closed after maturity date earn Post maturity interest for a maximum period of 2 years at the rate of interest applicable to savings account.
Time Deposit
Scheme
Rate of Interest
Limits
Tax Benefit
1 year
2 year
3 year
5 year
6.25%
6.50%
7.25%
7.50%
In multiples of Rs. 50/- No Limit
Interest exempted up to Rs.9000/- along with other such income as per Sec.80L
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