| 1. Duration |
6 years |
| 2. Rate
of Interest |
8 % per annum half yearly compounded
(Rs. 100 becomes 160.10 after maturity period of six years). |
3. Where
to invest ? |
Any head post office / sub-post
office in cash, demand draft, local cheques. |
4. Who
can invest ? |
(i). An individual(Above 18 years)
(ii). Two individuals
(iii). A guardian on behalf of a minor. |
5. Denomination
of Certificates |
Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs.
10000/- |
6. How
much to invest ? |
No limits |
7. Withdrawals |
(i). On maturity (After 6 years)
(ii). Premature on the death of the holder or any
of the holders. |
8. Nomination |
Available |
9. Income
Tax benefits |
Investment eligible for rebate
U/S 80C of I.T. Act.
(i). Annual accrued Interest is also eligible for
rebate U/S 80C of I.T. Act 1961 |
