15 Year Public Provident Fund

An ideal investment option for the salaried class as well as the self employed.

· Interest 8.0 % p.a. Compounded, yearly

· Deposits can be made in lumpsum or in convenient instalments.

· Investment qualifies for I.T. rebate u/s. 80-C of I.T. Act.

· Minimum Rs.500/-. Maximum Rs.70,000/- in a financial year.

· Interest is fully exempt from I.T. us/s. 10 of I.T. Act.

· Loans available on completion of 4 full financial years.

· Withdrawals permitted on completion of 7 full financial years.

· NRIs can also invest in this scheme.

· Can be opened in all Head Post Offices, Selection Grade Post Offices, State Bank of India, and subsidiaries and select Nationalised Banks.

· Transferable from HPO to any Branch of State Bank of India or a Nationalised Bank and vice versa.

· Salaried class may also subscribe through Pay Roll Savings Scheme.

· Account can be opened by : An individual in his own name or on behalf of a minor of whom he is the guardian and also on behalf of HUF, NRI.

· Free from court attachment.

· No Tax deduction at source.

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 /