May 22, 2012
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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Rate of interest 8.40%. Maturity value of a 5 Years RD
account opened on or after 1.4.2012 with monthly deposit of INR.10/- shall be
INR.746.51. 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 8.20% 2 yr. A/c 8.30% 3 yr. A/c 8.40% 5 yr. A/c 8.50% w.e.f. 01.04.2012 |
Minimum INR 200/- and in multiples thereof. No maximum
limit.. Minimum INR 200/- and in multiples thereof. No maximum limit.
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Account may be opened by individual. The
investment in the case of 5 years TD qualify for the benefit of Section
80C of the Income Tax Act, 1961 from 1.4.2007.
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8.50% per annum w.e.f. 01.04.2012
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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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8.80% per annum w.e.f. 01.04.2012
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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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Rate of interest 8.60%. Maturity value of a certificate
of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 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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Rate of interest 8.90%. Maturity value of a certificate
of INR.100/- purchased on or after 1.4.2012 shall be INR. 238.87 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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9.30% 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. 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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