POSTAL SAVINGS SCHEMES

Any individual can start postal RD with a minimum of INR 100/- month and any amount in multiples of INR 10/- (no maximum limit). These accounts are meant for periodic investment for five years which generates a guaranteed corpus at the end of the period.

A comprehended financial and investment planning will help to decide the suitable schemes. 

The present rate of interest for RD: 5.8% Annually (Compounded Quarterly) 

The minimum amount for opening of account is INR 1000/- and in multiples of INR 100/- No Maximum Limit. It offers a 6.9% interest (compounded annually), and it doubles investment in 124 months (10 years & 4​​​ months). It is one of the oldest postal investment schemes that doubles the investment amount. 

KVP may be pledged or transferred as security by submitting a prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee.

Maturity of the deposits period prescribed by the Ministry of Finance from time to time as applicable on the date of deposit

Premature closure may be allowed at any time before maturity on the ground of the death of a single account or any or all the account holders in a joint account and after two years and six months from the date of deposit.

Transfer of account from one person to another person also allowed in the death of account holder to nominee/legal heirs and on the joint holder's death.

Financial and investment planning is the key tools to select a right postal savings schemes.

Minimum Amount for opening of account is INR 1000/- and in multiples of INR 100/- No Maximum Limit. The deposit shall mature on completion of five years from the date of the deposit. It offers a fixed interest rate of 6.8% payable at maturity (compounded annually).  

NSC may be pledged or transferred as security, by submitting a prescribed application form at the concerned Post Office supported with an acceptance letter from the pledgee.

Premature closure of the account is allowed in case of the death account holder of a single account, or any or all the account holders in a joint account. The account also can be transferred from one person to another person on the death of the account holder to nominee/legal heirs. 

This scheme enables Investment under guardianship in the name of a girl child below 10 years. This account can be opened for a maximum of two girls in a family, provided in case of twin’s/triplets girls birth more than two accounts can be opened. Minimum INR. 25​0/-and Maximum INR. 1,50,000/- in a financial year and qualifies for exemption U/S 80C. of Income-tax. Subsequent deposits in multiples of INR 50/- Deposits can be made in lump-sum No limit on the number of deposits either in a month or in a Financial year. 

At present, it offers 7.6​​% interest per Annum and compounds annually. 

Withdrawal may be allowed after the girl's child attains the age of 18 or passed the 10th standard, subject to 50% of the balance available preceding FY.

The account can be prematurely closed after 5 years of account opening on the ground of Death of the account holder, Critical disease, Weddings, etc. 

The scheme matures after 21 years from the date of account opening or at the time of marriage of a girl child after attaining the age of 18years.

The minimum and maximum Amount for opening of account are INR. 500/- and INR. 1,50,000/- in a financial year. Deposits can be made in lump-sum or  ​installments through cash/cheque. The present rate of interest is 7.1% and for a subsequent year as notified by the Ministry of Finance every quarter. The maturity of the scheme is for 15 years. An investor can take 1 withdrawal during a financial after five years excluding the year of account opening.  

Investment can be started with a minimum of INR 1000 and in multiples of INR 100/- thereafter. The maximum investment limit is INR 4.5 lakh in a single account and INR 9 lakh in a joint account. The interest of 6​.6​ % per annum payable monthly. Interest can be drawn through auto credit into a savings account standing at the same post office, or ECS. In the case of the MIS account at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post Offices.) Pre-mature closure of account is allowed after 1 year of the account opening. 

Investment under this scheme can be started with a minimum INR 1000/- and in multiple of 100. No maximum limit. The rate of interest starts from 5.5 to 6.7% annually depending upon the selection of holding duration ranging from 1,2,3 and 5 years while enrolling for the investment. Premature withdrawal allowed after six months of investment subject to the applicability of interest as per the condition. Investment qualifies for tax exemption under section 80c.