GOI BONDS

8% Savings Bonds (Taxable), 2003

Features
Maturity Period	6 years
Rate of Interest	8.0% per annum (Taxable)
Risk Attached	Low Risk
Minimum Investment	Rs. 1,000/-
Maximum Investment	Unlimited in multiples of Rs.1,000/-
Collateral Facility	Available
Overall Liquidity	Not tradable
Date of Issue	Date of realization of the funds
Payment of Interest	Non-cumulative (half yearly): Interest to the holders opting for non-cumulative bonds will be paid from date of issue up to 31st July/31st January as the case may be and thereafter half yearly for period ending 30th June /31st December on 1st August and 1st February. Cumulative: Interest at the rate of 8% per annum compounded with half yearly rests and will be paid to the investor on maturity along with principal. (the maturity value of the bonds shall be Rs 1601.00/- for every Rs1000/-) (subject to TDS as applicable).
Tax Concessions	Interest on the Bond will be taxable under Income-Tax Act,1961. The bonds will be exempt from Wealth-Tax under the Wealth-Tax Act, 1957.
Eligibility	The main features of these bonds are as follows: As an individual; Who is not a Non-resident Indian In his or her individual capacity or On joint basis, or Anyone or survivor basis, or On behalf of a minor as father/mother/legal guardian. As a Hindu Undivided Family As an Institution 'Charitable Insititution' under section 25 of the Indian Companies Act 1956. Institution obtained Certificate Of Registration as charitable institution. Any Institution which obtained certificate from Income Tax Authority U/S 80G of Income Tax Act ,1961. "UNIVERSITY" established or incorporated by Central, State or Provincial Act, U/S 3 of University Grants Commission Act, 1956 (3 of 1956) .

Post Office

Monthly Income Scheme (MIS)

• Safe & sure way to get a regular monthly income
• Specially suited for retired employees/ Senior Citizens or any one with high sum for investment
• Rate of interest 7.3% w.e.f 1 Jan 2018
• Maturity Period - Five Years
• Auto credit facility to SB Account.

Type of Account	Minimum limit	Maximum limit
Single	INR 1500/-	INR 4.5 lakhs
Joint	INR 1500/-	INR 9 lakhs

Recurring Deposit

• Any individual (a single adult or two adults jointly) can open an account
• Advance Deposits earn rebate
• Four defaults are allowed
• Rate of interest 6.9%
• Defaults can be paid within two months
• Part withdrawal facility available
• Premature closure allowed after three years
• Pay Roll Savings Scheme is also available for employees of various Establishments

Type of Account	Minimum Deposit	Maximum Deposit
Individual Account	INR. 10/- and in multiples of INR. 5/- thereafter	No limit.

Time Deposit

• Any individual (a single adult or two adults jointly) can open an account
• Group Accounts, Institutional Accounts and Misc. account not permissible
• Trust, Regimental Fund or Welfare Fund not permissible to invest
• 1 Year, 2 Year, 3 Year and 5 Year TD can be opened
• In case of premature closure of 1 year, 2 Year, 3 Year or 5 Year account on or after 01.12.2011, if the deposit is withdrawn after 6 months but before the expiry of one year from the date of deposit, simple interest at the rate applicable to from time to time to post office savings account shall be payable
• In case of premature closure of 2 year, 3 year or 5 year account on or after 01.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit, interest on such deposits shall be calculated at the rate, which shall be one per cent less than the rate specified for a period of deposit of 1 year, 2 year or 3 years as mentioned in the concerned table given under Rule 7 of Post office Time Deposit Rules
• Rate of interest - 6.6%, 6.7%, 6.9%, 7.4% compounded quarterly for 1,2,3 &5 years TD account respectively w.e.f 01.01.2018
• The investment in the case of  5 years TD qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007

Type of Account	Minimum Deposit	Maximum Deposit
1,2,3 & 5 Year TD	INR.200/- and in multiples of INR. 200/- thereafter	No limit.

Senior Citizens Savings Scheme (SCSS)

• A new avenue of investment and return for Senior Citizen
• The account may be opened by an individual,
  • Who has attained age of 60 years or above on the date of opening of the account Who has attained the age 55 years or more but less than 60 years and has retired under a Voluntary
  • Retirement Scheme or a Special Voluntary Retirement Scheme on the date of opening of the account within three months from the date of retirement
  • No age limit for the retired personnel of Defence services provided they fulfill other specified conditions
• The account may be opened in individual capacity or jointly with spouse
• Non-resident Indians (NRIs) and Hindu Undivided Family (HUF)� are not eligible to open an account
• The individual may open one or more account in the multiple of INR.1000/-,subject to a maximum limit of INR.15 lakh
• No withdrawal shall be permitted before the expiry of a period of five years from the date of opening of the account. The depositor may extend the account for a further period of 3 years
• Premature closure is allowed after one year on deduction of an amount equal to1.5% of the deposit & after 2 years 1% of the deposit.
• In case of death of the depositor before maturity, the account shall be closed and deposit refunded without any deduction along with interest
• Interest @ 8.3% per annum from the date of deposit on quarterly basis. Interest can be automatically credited to savings account provided both the accounts stand in the same post office
• Interest rounded off to the nearest multiple of rupee one
• Post Maturity Interest at the rate applicable to the deposits under Post Office Savings Accounts from time to time is admissible for the period beyond maturity
• Nomination facility is available in the Scheme
• The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007

National Savings Certificate

NSC VIII Issue

• Scheme specially designed for Government employees, Businessmen and other salaried classes who are Income Tax assesses
• No maximum limit for investment
• No tax deduction at source
• Deposits qualify for tax rebate under Sec. 80C of IT Act.
• The interest accruing annually but deemed to be reinvested under Section 80C of IT Act.
• Investment up to INR 1,00,000/- per annum qualifies for IT Rebate under section 80C of Income Tax Act
• Certificates can be kept as collateral security to get loan from banks
• Trust and HUF cannot invest
• A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
• Rate of interest 7.6%

*In case of NSC VIII and IX issue, transfer of certificates from one person to another can be done only once from date of issue to date of maturity.