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Post office small savings schemes indiapost.gov.in

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OBJECTIVE : …

OBJECTIVE :
Ø Small savings schemes are designed to provide safe & attractive investment options to the public and at the same time to mobilise resources for development.
CURRENT SMALL SAVINGS SCHEMES with MAIN
FEATURES:
Ø POST OFFICE SAVINGS ACCOUNTS
Ø POST OFFICE TIME DEPOSIT ACCOUNTS
Ø POST OFFICE RECURRING DEPOSIT ACCOUNTS
Ø POST OFFICE MONTHLY INCOME ACCOUNTS
Ø NATIONAL SAVINGS CERTIFICATE
Ø PUBLIC PROVIDENT FUND SCHEME

Small savings schemes are designed to provide safe and attractive investment options to the public and at the same time to mobilise resources for development.
These schemes are operated through about 1.54 lakh post offices throughout the country. Public Provident Fund Scheme is also operated through about 8000 branches of public sector banks in addition to the post offices. Deposit Schemes for Retiring Employees are operated through selected branches of public sector banks only.

To invest in postal savings schemes contact:
LIC agent ANANDARAMAN,
MOB.: 919843146519
Email : anandaraman.lic@hotmail.com

Published in: Economy & Finance, Business

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  • 1. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519  Interest 8.5% compounded half yearly payable at maturity.  Maturity Period 5 Years. No Premature facility available.  IT Exemption available under Sec.80C.  For an investment of `1,000/-, the maturity amount is `1,516/-.  No maximum limit for investment. No Tax deduction at source. Investment Amount Maturity Amount ` 1,000 ` 1,516 ` 5,000 ` 7,581 ` 10,000 ` 15,162 ` 20,000 ` 30,324 ` 50,000 ` 75,811 ` 75,000 ` 1,13,716 ` 1,00,000 ` 1,51,621 ` 2,00,000 ` 3,03,243 ` 5,00,000 ` 7,58,107 ` 10,00,000 ` 15,16,214 Investment Limit Minimum: `200/- and multiples of 200/- Maximum : No Limit. Other Benefits Only 5 Year TD qualifies for IT Exemption under Sec.80C Period 1 Year 2 Year 3 Year 5 Year Rate of Interest 8.20% 8.20% 8.30% 8.40% Investment Amount Annual Int. Annual Int. Annual Int. Annual Int. ` 10,000 845.56 845.56 856.19 866.83 ` 50,000 4,227.81 4,227.81 4,280.96 4,334.16 ` 1,00,000 8,455.61 8,455.61 8,561.93 8,668.32 ` 2,00,000 16,911.23 16,911.23 17,123.86 17,336.65 ` 5,00,000 42,278.07 42,278.07 42,809.65 43,341.62 ` 10,00,000 84,556.14 84,556.14 85,619.30 86,683.24
  • 2. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 Rate of Interest : 8.4% per annum payable monthly. Maturity Period : 5 Years. No Bonus on maturity. For Example : On a Deposit of `15,000/-, `105/- will be paid as Interest every month. Premature Closure : Account can be prematurely closed  After 1 Year / before 3 Years @ 2% Discount.  After 3 Years @ 1% Discount. INVESTMENT LIMIT M i n i m u m `15,000/- and in Multiples of Rs.1,500/- M a x i m u m Single Account `4,50,000/- Joint Account `9,00,000/- I n v e s t me nt A m ou n t R s . M o n t hl y I nt er e s t P a y a b le R s . `1,02,000 714 `1,50,000 1,050 `3,00,000 2,100 `4,50,000 3,150 `6,00,000 4,200 `7,50,000 5,250 `9,00,000 6,300 PAYMENT INSTRUCTIONS Local Cheque/D.D. in favour of “THE POSTMASTER, PONDICHERRY” payable at PONDICHERRY. DOCUMENTS REQUIRED 1.Two Passport size Photos of each applicant. 2. PAN card copy Mandatory for all investments. 3. Address Proof AND ID PROOF: XEROX COPY OF DRIVING LICENSE/VOTER ID CARD / PASSPORT / RATION CARD / TELEPHONE BILL any two copies should be attached.
  • 3. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 Rate of Interest : 8.3%per annum COMPOUNDED QUARTERLY payable at Maturity. `100/- account fetches Rs.7,445/-. Effective Yield : 10.15% Investment Limit Minimum : `500/- per month and in multiples of Rs.5/-. Maximum : No Limit. Other Benefits 1. Account can be prematurely closed after 3 YEARS. 2. 6 months and 12 months advance deposits earn rebate. 3. Interest of existing rate POSB will be paid if the account is closed after THREE YEARS. PAY IN YEARLY SCHEME & GET MORE BENEFIT Monthly Deposit : `6,000/- Yearly Deposit : `72,000/- MATURITY AMOUNT : `4,46,729/- EFFECTIVE YIELD EVERY YEAR Actual RD Interest : 8.30 % Yearly Rebate : 3.33 % (Approximately) ------------------------ Effective Yield Per Annum 11.63 % ------------------------
  • 4. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 Rate of Interest : 8.3%per annum COMPOUNDED QUARTERLY payable at Maturity. `100/- account fetches Rs.7,445/-. Effective Yield : 10.15% Investment Limit Minimum : `500/- per month and in multiples of Rs.5/-. Maximum : No Limit. Other Benefits 4. Account can be prematurely closed after 3 YEARS. 5. 6 months and 12 months advance deposits earn rebate. 6. Interest of existing rate POSB will be paid if the account is closed after THREE YEARS. Denomination Rs. Yearly Amount Payable Rs. Total Amount Payable Rs. Maturity Amount Rs. `500 6,000 30,000 `37,227 `1,000 12,000 60,000 `74,455 `2,000 24,000 1,20,000 `1,48,910 `3,000 36,000 1,80,000 `2,23,365 `4,000 48,000 2,40,000 `2,97,820 `5,000 60,000 3,00,000 `3,72,274 `10,000 1,20,000 6,00,000 `7,44,549 `15,000 1,80,000 9,00,000 `11,16,823 `20,000 2,40,000 12,00,000 `14,89,098 `25,000 3,00,000 15,00,000 `18,61,372 DOCUMENTS REQUIRED 1.Two Passport size Photos of each applicant. 2. PAN card copy Mandatory for all investments. 3. Address Proof AND ID PROOF: XEROX COPY OF DRIVING LICENSE/VOTER ID CARD / PASSPORT / RATION CARD / TELEPHONE BILL any two copies should be attached.
  • 5. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 Rate of Interest : 9.2% per annum payable Quarterly. Who can Apply :  Senior Citizen’s of Age 60 Years & Above.  VRS Optees Above 55 Yrs. Below 60 Yrs. Holding Type :  Single Holder.  Jointly with Spouse only (‘EorS’). Maturity Period : 5 Years. (Account can be extended for further 3 Yrs. at the option of the Investor). Premature Closure : Account can be prematurely closed  After 1 Year / before 2 Years @ 1.5% Discount.  After 2 Years @ 1% Discount. INVESTMENT LIMIT M i n i m u m Rs.1,000/- and in Multiples of Rs.1,000/- M a x i m u m `15,00,000/- DUE DATES FOR INTEREST PAYMENT (FROM THE DATE OF DEPOSIT) MARCH 31ST JUNE 30TH SEPTEMBER 30TH DECEMBER 31ST Investment Amount Quarterly Interest Payable 1,00,000 2,300 2,00,000 4,600 3,00,000 6,900 4,00,000 9,200 5,00,000 11,500 10,00,000 23,000 15,00,000 34,500 PAYMENT INSTRUCTIONS Local Cheque/D.D. in favour of “THE POSTMASTER, PONDICHERRY” payable at PONDICHERRY. DOCUMENTS REQUIRED 1.Two Passport size Photos of each applicant. 2. PAN card copy Mandatory for all investments. 3. Address Proof AND ID PROOF: XEROX COPY OF DRIVING LICENSE/VOTER ID CARD / PASSPORT / RATION CARD / TELEPHONE BILL any two copies should be attached.
  • 6. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 PAY IN YEARLY SCHEME & GET MORE BENEFIT Monthly Deposit : `1,000/- Yearly Deposit : `12,000/- MATURITY AMOUNT `74,455/- Monthly Deposit : `2,000/- Yearly Deposit : `24,000/- MATURITY AMOUNT `1,48,910/- Monthly Deposit : `3,000/- Yearly Deposit : `36,000/- MATURITY AMOUNT `2,23,365/- EFFECTIVE YIELD EVERY YEAR Actual RD Interest : 8.30 % Yearly Rebate : 3.33 % (Approximately) ------------------------ Effective Yield per Annum 11.63 % ------------------------ YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs. YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs. YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs.
  • 7. LIC Agent ANANDARAMAN.R Mob.:98431 46519 CONTACT: #149, FF, VILLIANUR MAIN ROAD, REDDIARPALAYAM, PONDICHERRY – 605 010  0413 - 2292519 PAY IN YEARLY SCHEME & GET MORE BENEFIT Monthly Deposit : `4,000/- Yearly Deposit : `48,000/- MATURITY AMOUNT `2,97,820/- Monthly Deposit : `5,000/- Yearly Deposit : `60,000/- MATURITY AMOUNT `3,72,274/- Monthly Deposit : `10,000/- Yearly Deposit : `1,20,000/- MATURITY AMOUNT `7,44,549/- EFFECTIVE YIELD EVERY YEAR Actual RD Interest : 8.30 % Yearly Rebate : 3.33 % (Approximately) ------------------------ Effective Yield per Annum 11.63 % ------------------------ YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs. YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs. YEAR AMOUNT PAYABLE Rs. REBATE Rs. NET AMOUNT Rs.