Post Office Schemes >>


Recurring Deposit (RD) is a unique fixed deposit which has a minimum deposit amount INR 10/- only with no upper limit. Premature closure is permitted on completion of 3 years from the date of opening. One withdrawal is permitted from the account on completion of one year from the date of opening. Interest earned is exempted as per Section 80L of Income Tax Act.


Kissan Vikas Patra doubles in 8 years and 7 months. Facility for premature encashment as per the table given below (for the KVP purchased on or after 1st March 2003). There is no limit on investment. Available in denominations of INR 100/-, INR 500/-, INR 1,000/-, INR 5,000/-, INR 10,000/- in all post offices and INR 50,000/- in Head Post Offices.


Time Deposit pay Interest annually but calculated on quarterly basis (w.e.f.01.03.2003). Account may be opened by an individual, i.e., Single, Joint A/B (not more than two adults) Trust, Regimental Fund and Welfare Fund. The amount of interest earned is tax free under Section 80-L of Income Tax Act.


National Savings Certificate Maturity period is 6 years. No premature encashment is permitted in the normal course.


Monthly Income Scheme is Safe & sure way to get a regular monthly income. Specially suited for retired employees/ Senior Citizens or any one with high sum for investment . Maturity Period is Six Years. It has minimum limit of INR 1000/-

Senior Citizen Saving Scheme

he Scheme is for the benefit of senior citizens and maturity period of the deposit will be five years, extendable by another three years. The minimum investment is 1000Rs and in multiples of Rs.1000 subject to a maximum of Rs.15 lakh. Minimum age requirement is 60 year.

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