National Saving Scheme Accounts, 1987 (NSC)
| Period during which opened |
Minimum
Amount of
Deposit (in Rs.) |
Maximum
Amount of
Deposit (in Rs.) |
Rate of Interest
per annum |
| From |
To |
| 10.04.87 |
31.03.88 |
100 |
20,000 |
11% |
| 01.04.88 |
21.06.90 |
100 |
30,000 |
11% |
| 22.06.90 |
31.03.92 |
100 |
40,000 |
11% |
| 01.04.92 |
28.02.2003 |
No deposits allowed |
11% |
| 01.03.2003 |
onwards |
No deposits allowed |
7.5% |
| Income Tax at the rate of 20% of the amount withdrawn should be deducted at source at the time of withdrawal when the amount withdrawn in Rs. 2,500/- or more. However, no such deduction is made upto withdrawal of an amount of Rs. 50,000/- if depositor furnishes a declaration in Form 15-L. |
National Saving Scheme Account, 1992 (NSC)
| Period during which opened |
Minimum
Amount of
Deposit (in Rs.) |
Maximum
Amount of
Deposit (in Rs.) |
Rate of Interest
per annum |
| From |
To |
| 01.10.1992 |
14.01.2000 |
100 |
No limit |
11 |
| 15.01.2000 |
28.02.2001 |
100 |
No limit |
10.5 |
| 01.03.2001 |
28.02.2002 |
100 |
No limit |
9 |
| 01.03.2002 |
30.10.2001 |
100 |
No limit |
8.5 |
| 01.11.2001 |
28.02.2003 |
No deposits allowed |
8.5 |
| 01.03.2003 |
onwards |
No deposits allowed |
7.5 |
| Closure of the account is permitted on expiry of four years from the end of the year in which account is opened,
e.g. accounts opened during the year 1997-98 can be closed during the year 2002-2003. |
Public Provident Fund Scheme (PPF)
| Period during which opened |
Minimum
Amount of
Deposit (in Rs.) |
Maximum
Amount of
Deposit (in Rs.) |
Rate of Interest
per annum |
| From |
To |
| 01.04.1986 |
14.01.2000 |
100 |
60,000 |
12 |
| 15.01.2000 |
28.02.2001 |
100 |
60,000 |
11 |
| 01.03.2001 |
28.02.2002 |
100 |
60,000 |
9.5 |
| 01.03.2002 |
14.11.2001 |
100 |
60,000 |
9 |
| 15.11.2001 |
28.02.2003 |
500 |
70,000 |
9 |
| 01.03.2003 |
onwards |
500 |
70,000 |
8 |
|
