INSTRUMENT

ISSUER

PUBLIC PROVIDENT FUND

Designated bank and postoffice

SENIOR CITIZEN'S SAVING SCHEMES(SCSS)

Designated bank and postoffice

NATIONAL SAVINGS CERTIFICATES (NSC)

Postoffice

POST OFFICE SCHEMES AND DEPOSITS MONTHLY INCOME SCHEME

Postoffice

INVESTOR

MINIMUM AMOUNT

Employers, employees & self- employed

INR. 500

An individual of the Age of 60 years or more may open

the account.
-An individual of the age of 55 years or more but less
than 60 years who has retired on superannuation or
under VRS can also open account subject to the
condition that the account is opened within one month of
receipt of retirement benefits and amount should not
exceed the amount of retirement benefits
The retired personnel of Defence Services (excluding
Civilian Defence Employees) shall be eligible to
subscribe under the scheme irrespective of the above
age limits subject to the fulfilment of other specified
conditions.

INR. 1000

Scheme specially designed for Government employees,

Businessmen and other salaried classes who are Income
Tax assesses.
INR. 100

Individual

INR. 1500

SMALL SAVING SCHEMES

RATE OF RETURN
PER ANUM

MAX AMOUNT

TENOR

INR. 1,50,000

15 YRS
can be reinvested for a
5 yrs block at the end
of maturity.

8.70%

INR. 15,00,000

5 YRS

9.30%

No maximum limit for

investment.

NSC VIII Issue - 5yrs.

NSC IX Issue - 10yrs.

NSC VIII Issue - 8.5%

NSC IX Issue - 8.8%

Maximum investment limit is

INR 4.5 lakhs in single
account and INR 9 lakhs in
joint account
5 YRS

8.40%

SMALL SAVING SCHEMES

TAXABILITY (EEE)

NRI

JOINT A/c

NOMINATION

EEE

Cant open a new a/c. But

can continue with his/ her
existing a/c which was
opened as resident
indian.
NRIs cant extend the a/c
after 15 years.
NO

YES

ETE

Not eligible

Spouse only

YES

EEE

Not eligible

Not eligible

YES

ETE

Not eligible

Yes

Yes
.

PENALTIES

MATURITY

PARTIAL WITHDRAWAL

INR. 50 PER YEAR

15 yrs

After 6th year

Premature closure is
allowed after one year on
deduction of an amount
equal to1.5% of the
deposit & after 2 years 1%
of the deposit.
5 yrs
within one year - only face
value
1 to 3 yrs - simple interest
after 3yrs- at a discounted
rate

The depositor can withdraw

money from the account but
not until one year has
passed. Even in that case,
he/she would need to pay a
certain amount of penalty.

NSC VIII
Issue - 5yrs.
NSC IX Issue
- 10yrs.
N.A.

Can be prematurely encashed after one year but

before 3 years at the
discount of 2% of the
deposit and after 3 years
at the discount of 1% of
the deposit. (Discount
means deduction from the
deposit.)
5 YRS

N.A.

MAX WITHDRAWAL

LOAN FACILITY

The maximum amount that can be

withdrawn pre-maturely is equal to 50% of
the amount that stood in the account at
the end of 4th year preceding the year in
which the amount is withdrawn or the end
of the preceding year whichever is lower.

Loan against the PPF deposits is

available from 4th to 6th year of
deposit to the extent of 25 %
of the amount deposited as at the
end of the last financial year. The
loan is repayable in 36 months.

N.A.

N.A.

N.A.

Certificates can be kept as

collateral security to get loan
from banks

N.A.

Certificates can be kept as

collateral security to get loan
from banks