| Instrument |
Tenure |
Interest |
Limit on
Investment
|
Tax
Benefit
|
Liquidity |
Availability |
Post
office
recurring
deposit
|
5 |
10.5 compounded
quarterly
|
Rs 10 per month – no limit.
Investments in multiples of Rs 5
|
Section 80L
|
Premature withdrawal, No loan
facility
|
Head post offices, Select
sub-post offices
|
Post office
time
deposits
|
1
2
3
5
|
8
9
10
10.5
(compounded quarterly)
|
Rs 50 – no limit. Investments in
multiples of Rs 50
|
Section 80L
|
Premature withdrawal, Loan
facility
|
Head post offices, select
sub-post offices
|
Post office
savings
account
|
Not
applicable
|
4.5
|
Rs 50,000
|
Section 10
|
Withdrawal, No loan
facility
|
Head post offices, Select
sub-post offices
|
Post office
monthly
income
scheme
|
6
|
11 compounded annually (10% bonus
on maturity)
|
Rs 2,04,000: single account Rs
4,08,000: joint account
|
Section 80L
|
Premature withdrawal, No loan
facility
|
Head post offices, Select
sub-post offices
|
National
Savings
Scheme
1992
|
None but can be
closed after 4 years after the last deposit
|
10.5 compounded
annually
|
Rs 100 - Rs 40,000
p.a.
|
Section 88, Section
80L
|
Premature withdrawal, No loan
facility
|
Head post offices, Select
sub-post offices
|
National
Savings
Certificate
|
6
|
11 compounded
half-yearly
|
Rs 100
Rs
500,
Rs 1,000,
Rs 5,000,
Rs
10,000
|
Section 88, Section
80L
|
No premature withdrawal, No loan
facility
|
Head post offices, Select
sub-post offices
|
Public
Provident
Fund
|
15
|
11 (compounded
annually)
|
Rs 100 – Rs 60,000 p.a.
Investment in multiples of 100
|
Section 88, Section
10
|
Premature withdrawal, loan
facility
|
Select post-offices,
banks
|
Kisan Vikas
Patra
|
6
|
Investment doubles, interest
compounded annually
|
Rs 1,000, Rs 5,000, Rs
10,000
|
None
|
Premature withdrawal, No loan
facility
|
Post offices, brokers/ agents of
LIC, UTI
|
RBI Relief
bonds
|
5
|
9 compounded half-yearly:
cumulative
|
Rs 10,000 – no limit. Investment
in multiples of 1000
|
Section 10
|
No premature withdrawal No loan
facility
|
RBI agents and
brokers
|
Deposit
Scheme for
Retiring
Employees
of
PSUs
(1991)
|
3
|
10 compounded
half-yearly
|
Rs 1,000 – total retirement
benefits
|
Section 10
|
Premature withdrawal, No loan
facility
|
SBI branches and subsidiaries,
select nationalized branches, select sub-post
offices
|
Deposit
Scheme for
Retiring
Government
Employees
(1989)
|
3
|
10 compounded
half-yearly
|
Rs 1,000 – total retirement
benefits
|
Section 10
|
Premature withdrawal, No loan
facility
|
SBI branches and subsidiaries,
select nationalized branches, select sub-post
offices
|
