SMALL SAVINGS SCHEME AT A GLANCE

Sl. No	Name of the Scheme	Rate of Interest	Maturity Period	Minimum Deposit	Other Facilities.
1.	Post Office Savings Bank Account	3.5 % Per Annum		Minimum       Rs.50/  SB cheque account min dep is Rs500/ Maximum Limit Individual – Rs. 1Lakhs Jointly –      Rs.2 Lakhs	Cheque facility available Interest exempt from Income Tax.
2.	Recurring Deposit Account	Rs.10/- account fetches Rs.728.90 on maturity	5 years account can be continued for another 5yr term.	Rs.10/- or Multiple Rs. 5/-	Insurance benefit covered up to Rs.50/- denomination. Premature encashment  available after 3 years.
3.	Time Deposit 1 Year 2 Year 3 Year  5 Year	6.25 % 6.50% 7.25% 7.50 %		Rs.200/-  and multiple by 200 only Maximum- no limit	Interest payable annually.  But calculated quarterly.
4.	Public Provident fund account	8 % per annum compounded quarterly.	15 years	Minimum Rs.500/- Maximum Rs.70,000/- In a financial year	Interest exempted from Income Tax. Withdrawal  is permissible from 7thFinancial Year.
5.	Post Office Monthly income Scheme	8 % per annum Interest payable monthly	6th years	Minimum Rs.1,500/- Maximum limit- Individual Rs.4.5 Lakhs Jointly      Rs.9 Lakhs	After Completion of 6 years 10 % Bonus also payable on maturity value.
6.	Kisan Vikas Patra	Money double in 8 years 7 month	8 years 7 months	Rs.100/- Maximum- no Limit	Pre mature facility payable after completion of 2 and half  years.
7.	National  Savings Certificates VIII issue	8 % per annum interest compounded half  yearly	6 years	Rs.100 Maximum- no Limit	Income rebate available under section 80 L & 88 Premature facility available after completion of 3 years.
8.	Senior Citizen Savings Scheme	9 % per annum payable quarterly	5 years	Rs.1,000/- or Multiple thereof . Maximum- 15 Lakhs.	Account can be opened in SBI or selected Nationalized Bank or Post Office.