Scheme
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Interest payable, Rates, Periodicity etc.
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Investment limits and Denominations
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Salient features including Tax Rebate
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4.0% per annum on individual/ joint accounts.
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Minimum INR 50/-.
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Cheque facility available. Interest Tax Free.
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On maturity INR 10/- account fetches INR 738.62/-. Can be continued for another 5 years on year to year basis.
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Minimum INR 10/- per month or any amount in multiples of INR 5/-. No maximum limit.
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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.
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Interest payable annually but calculated quarterly.
Period Rate
1 yr. A/c 7.70%
2 yr. A/c 7.80%
3 yr. A/c 8.00%
5 yr. A/c 8.30%
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Minimum INR 200/- and in multiples thereof. No maximum limit.
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Account may be opened by individual.
5 Yr TD Only
The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
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8.2% per annum w.e.f. 01.12.2011
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In multiples of INR 1500/- Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account.
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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.
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8.6% per annum w.e.f. 01.12.2011
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Minimum INR. 500/- Maximum INR. 1,00,000/- in a financial year. Deposits can be made in lumpsum or in 12 installments.
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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.
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INR. 100/- grows to INR 150.90 after 5 years.
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Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.
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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.
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INR. 100/- grows to INR 234.35 after 10 years.
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Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.
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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.
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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.
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There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding rupees fifteen lakh.
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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.
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