Post Office Monthly Income Scheme

· Interest : 8 % per annum payable Monthly.

· 10 % Bonus payable on maturity withdrawn from 13.02.2006, vide Ministry of Finance's OM 2/2/2006-NSII, dated 10.02.2006.

· Maturity period : 6 years.

· Can be prematurely encashed before 3 years at 2% discount and after 3 years at 1% discount.

· Scheme is open for individuals / jointly and can be transferred to any post office of your choice.

· I.T. Benefits: Interest upto Rs.9000/- per annum is exempt u/s. 80-L of I.T. Act.

· Investment Limit : Minimum Rs.5,000/- and multiples of Rs.1,000/-.

Maximum Rs. 3 lakhs in single account and Rs.6 lakhs in joint account.

· Special facility: Standing instructions can be given to credit monthly interest into P.O. Savings Bank Account of the same P.O. and the amount can be withdrawn through cheque.

· No Tax deduction at source.

· A safe way to invest hard-earned money and get a regular monthly income.

Minimum	Rs.5,000/- and in multiples of Rs.1,000/-
Maximum	Single Account - Rs.3,00,000/- Joint Account - Rs.6,00,000/-

Investment Amount (Rs.)	Monthly Interest Payable (Rs.)
50,000	333
1,00,000	667
2,00,000	1,333
3,00,000	2,000
4,00,000	2,667
5,00,000	3,333
6,00,000	4,000

KVP / NSC1992 / P.O.MIS / PPF / P.O.T.D / P.O.R.D / P.O.S.B / N.S.C. VIII ISSUE / SENIOR CITIZEN SAVINGS SCHEME-2004 /