Posts
Post Office Returns for Postal Saving if invested on or after 01 April 2017 to 30 June 2017
Government of India, Postal Department interest rate for the period 01.04.2017 to 30.06.2017
| Post office investment Schemes | Rate of Interest in % | Minimum/Maximu m DepositAmount inRs. | MaturityPeriod / Amount in Rs. | Remarks |
| SB Account (SB) | 4% | Min Rs50 Max unlimited | No maturity period.Every year Interestwill be paid as per their savings. | ATM facilityavailable. No service charge for PO ATM withdrawal. Free SMS service. |
| RDAccount (RD)5Years | 7.2% | Monthly MinRs.10 Maximum NoLimit | For Monthly Rs.1000investment Maturity amount is Rs.72315 | Monthly Recurring Deposit. After 3 years Premature closure isallowed. |
| Monthly Income Scheme (MIS)5 Years | 7.6% | MinimumMultiples of Rs.1500/- Maximum Rs.4.5lakh for single Rs.9 lakhs for joint | For Rs.100500/- Monthly interest Rs 637 | Monthly interest can be withdrawn. After 2/3 years premature closure is allowed with2%/1% deduction. |
| 1 YearTime Deposit (1year TD) | 6.9% (quarterly compound) | MinimumMultiples of Rs.200/ Maximum Nolimit | For Rs.10000investment Maturity amount Rs.10708 | 1 year Fixed deposit. Canbe closed prematurely after 6 months with SBrate of interest |
| 2 Years Time Deposit (2YearsTD) | 7.0% (quarterly compound) | MinimumMultiples of Rs.200/ Maximum Nolimit | For Rs.10000investment Maturity amount Rs.11437 | 2 years Fixed deposit. Can be closed prematurely after 6 months with SB interest |
| 3 Years Time Deposit (3YearsTD) | 7.2% (quarterly compound) | MinimumMultiples of Rs.200/ Maximum Nolimit | For Rs.10000investment Maturity amount Rs.12219 | 3 years Fixed deposit. Can be closed prematurely after 6 months with SB interest |
| 5 Years Time Deposit (5YearsTD) | 7.7% (quarterly compound) | MinimumMultiples of Rs.200/ Maximum Nolimit | For Rs.10000investment Maturity amount Rs.13963 | 5 years Fixed deposit. Can be closed prematurely after 6 months with SB interest.Can claim IT exemption under 80C |
| Senior Citizen Scheme (5 years) | 8.4% | Multiples of Rs.1000/- Maximum Rs.15lakhs | For Rs.1lakh Rs2025 interest for every 3 months | For retired govt employees and above 60 years age citizens. Investment can beclaimed under 80c |
| Sukanya Samridhi Account (Forbelow 10yearsage girlchild) | 8.4% | Minimum Rs.1000/- Deposit Multiples of Rs.100.Maximum Rs.1.5 lakhsfor the F.Y | If monthly contribution is Rs1000/ for 14 years total contribution is 168000/- Maturity value would be approximately Rs570205 (approximately) | Depositing period 14 years. Maturity21 years. New scheme launched bythe Govt of India, to the welfare of girl children. Can claim IT exemption under 80c |
| PPF Period 15 years | 7.9% | Minimum Rs.500/- Deposit Multiples of Rs.100.Maximum Rs.1.5 lakhsfor the F.Y | If monthlycontribution is Rs1000/ for 15 years total contribution is 180000/- Maturity amount is Rs337135 (approximately) | For Savings and Income tax concession purpose |
| Kisan Vikas Patra (KVP) 100 months | 7.6% Doubles in 9 years 4 months | Multiples ofRs.500/ Maximum Nolimit | For 1lakhinvestment, maturity Rs.2 Lakhs | Investment will be doubled in 114 months |
| National Savings Certificate (NSC) 5 years | 7.9% (quarterly compound interest) | Minimum Rs.100/ Maximum Nolimit | For Rs.10000Maturity amountRs.14625 | For Income tax concessionpurpose |
Compiled by Shri. K.Kalimuthu Postmaster Grade I, Subramaniapuram LSG S.O, Madurai. 625011. Mobile 9566330927.
0 comments:
Post a Comment