| Post
Office Schemes |
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| Features |
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| Returns |
| |
| Tenor |
Returns |
| 1 year |
7.25% |
| 2 years |
7.5% |
| 3 years |
8.25% |
| 5 years |
8.5% |
|
| Investment Limitation |
Min Amount Rs.
50/- additional investment to be in multiple of Rs 50/-
Max Amount No Limit
Denominations Rs. 50/-
|
| Scheme Availability |
All through the year.
|
| Mode of Operation |
- Single
- Joint (Two or more)
- Minor with parent/guardian)
|
| Tenure of Investment |
P. O. Time Deposit have an investment option of 1, 2, 3 and
5 years.
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| Nomination |
Facility is available at the time of opening the account or
anytime during the tenure of the deposit.
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| Premature Encashment |
The account can be closed after 6 months of opening the account.
On such closure the amount invested is returned with/without interest depending
on the time the deposit was maintained.
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| Lost of Passbook |
A pass book is issued at the time of opening the account.
If the Passbook is lost, or the passbook is mutilated, a duplicate Passbook
is issued on a charge.
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| Tax Benefits |
Exemption within the limits specified under section 80L is
available on interest on these deposits. No Tax benefits are provided under
section 88.
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