| 1. Who can invest? |
- An individual (above 18 years)
- Two / three individuals in joint names.
- A guardian on behalf of a minor.
- A Trust
|
| 2. How much to invest ? |
No limits
|
| 3. Where to Invest ? |
any head post office / sub-post office in cash, demand
draft, local cheques. |
| 4. Rate of Interest |
8.25% |
| 5. Duration |
8 years 7 months |
| 6. Withdrawals |
- On maturity (8 years and 7 months)
- Premature after 2 years and 6 months.
- Any time in case of death of holder / any of the holders.
|
| 7. Nomination facility |
Available |
| 8. Tax benefits |
No deduction of Income Tax at source.
|
| 9. Denomination of Certificates |
Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 10000/- ,
Rs. 50000/-
|
