| 1. Who can invest? |
- An individual(Above 18 years)
- Two individuals
- A guardian on behalf of a minor.
|
| 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 % per annum half yearly compounded (Rs.100 becomes
160.10 after maturity period of six years) |
| 5. Duration |
6 years |
| 6. Withdrawals |
- On maturity (After 6 years)
- Premature on the death of the holder or any of the holders.
|
| 7. Nomination facility |
Available |
| 8. Income Tax benefits |
Investment eligible for rebate U/S 80C of I.T. Act.
Annual accrued Interest is also eligible for rebate U/S 80C
of I.T. Act 1961
|
| 9. Denomination of Certificates |
Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 10000/- |
