Table  1: Smll savings Schemes in Force
	Name of the	Limits of	Maturity Period (Years)			Rate of Interest (per cent per annum)							Deductions
	Scheme	Investment	Apr-92	Since	Since	Since	Since	Since	Since	Since	Since	Since	under Sec.
				02-Sep	01-Jan	April	02-Sep	01-Jan	15-Jan	01-Mar	01-Mar	01-Mar	80C of IT
				1993	1999	1992	1993	1999	2000	2001	2002	2003	Act
1	Post Office	Minimum	Open ended Scheme			5.50	5.50	4.50	4.5 2	3.5 3	3.5 3	3.5 3	No
	Savings	Rs.20 and
	Bank A/Cs	Maximum
		Rs.1 lakh 1
2	Public	Minimum	15	15	15	12.00	12.00	12.00	11.00	9.50	9.00	8.00	Yes
	Provident	Rs.100 and
	Fund 1968	Maximum
		Rs.70,000
		in a Year
3	Post Office	Minimum	1	1	1	12.00	10.50	9.00	8.00	7.50	7.25	6.25	No
	Time	Rs.50 and	2	2	2	12.50	11.00	10.00	9.00	8.00	7.50	6.50
	Deposit A/C	Maximum	3	3	3	13.00	12.00	11.00	10.00	9.00	8.25	7.25
		No Limit	5	5	5	13.50	12.50	11.50	10.50	9.00	8.50	7.50
4	Post Office	Minimum	5	5	5	13.50	12.50	11.50	10.50	9.00	8.50	7.50
	Recurring	Rs.10 per
	Deposit A/C	Month or
		any amount
		in multiple
		of Rs.5 and
		Maximum
		No Limit
5	National	Minimum	4	4	4	11.00	11.00	11.00	10.50	9.00	8.50		Yes
	Savings	Rs.100 and
	Scheme	Maximum
	1992	No Limit
6	Post Office	Minimum	6	6	6	14.00	13.00	12.00	11.00	9.50	9.00	8.00	No
	Monthly	Rs.1000 &
	Income	Maximum
	Scheme	Rs. 3 lac
		in Single
		Account &
		Rs.6 lac in
		Joint A/C
7	NSC VIII	Minimum	6	6	6	12.00	12.00	11.50	11.00	9.50	9.00	8.00	Yes 4
	Issue	Rs.100
		Maximum
		No Liimit
8	Indira Vikas	No Limit	5	5 1/2	6	14.87 5	13.43 5	12.25 5					No
	Patra
9	Kisan Vikas	No Limit	5	5 1/2	6 6	14.87 5	13.43 5	12.25 5	11.25 5	10.03 5	9.57 5	8.41 5	No
	Patra
10	Deposit	Minimum	3	3	3	9.00	10.00	9.00	9.00	8.50	8.00	7.00	No
	Scheme for	Rs. 1000
	Retiring	Maxium
	Government	Not
	Employees	Exceeding
	1989/Retired	Total
	Employees	Retirment
	of Public	Benefits
	Sector Cos.
	1991
11	Senior	Minimum			5 7							9.00 7	No
	Citizens	Rs. 1000
	Savings	and
	Scheme	Maximum
		Rs.15 lakhs
Notes:
1	In Joint account maximum Iimit is Rs 2 lakhs. There is no limit for group, institutional or official capacity accounts.
2	4.5 per cent  for individual and group account, 4 per cent for public account and security deposit accounts -
	for purchase of motro vehicles or tractors, 3 per cent for official capacity accounts and other accounts.
3	3.5 per cent  for individual and group account, 3 per cent for public account and security deposit accounts -
	for purchase of motro vehicles or tractors, 2 per cent for official capacity accounts and other accounts.
4	Interest accrued annually will be added to the income but will be treated as 'deemed to be reivested' under
	Section 80C.
5	Compounded interest rate.
6	Mturity period has been raised to 61/2 years with effect from January 15,2000, 7 years 3 months from March 1,
	2001, 7 years 8 months from March 1 2001,March 1,2002 and 8 years 7 months from March 1, 2003.
7	Scheme introduced from August 2004.
Source: RBI (2005), Handbook of Statistics on the Indian Economy, September 9.