| 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 |
| |
|
