POST OFFICE RECURRING DEPOSIT SCHEME

· Specially created for daily-wage workers, Agriculturists, Salaried individuals and housewives.

· Interest:8 % p.a. A monthly investment of Rs.10/- fetches Rs.728.90 on maturity after 5 years.

· Can open account with any post office.

· Maturity period : 5 years

· Premature encashment available after 3 years.

· Minimum investment : Rs.10/- or any amount in multiples of Rs.5/-.

· No Maximum limit.

· Tax Benefits: Interest earned upto Rs.9,000/- in the Account (inclusive of interest earned on other approved securities) is exempt under Sec.80-L of I.T. Act.

· Service facility: Employees of various establishments can join through pay-roll savings scheme. Employees can give their consent to the employer to deduct the specified amount from their salaries for investing in this scheme. Can also remit the amount monthly through MPKBY Agent.

· Free insurance facility is available upto the denomination of Rs.50/-.

· Loan facility available after one year.

· An individual can open more than one account.

· Advance deposit can be made with attractive discount.

· Accounts can be transferred to any Post Office.

· No Tax deduction at source.

Save regularly and get large sum easily.

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 /