1.   Duration

8 years 7 months

2.   Rate of Interest

8.25%

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 / three individuals in joint names.

(iii).   A guardian on behalf of a minor.

(iv).   A Trust

5.   Denomination of Certificates

Rs. 100/-, Rs. 500/-, Rs. 1000/-,        Rs. 10000/- , Rs. 50000/-

6.   How much to invest ?

No limits

7.  Withdrawals

(i).   On maturity (8 years and 7 months)

(ii).   Premature after 2 years and 6 months.

(iii).  Any time in case of death of holder / any of the holders.

8.   Nomination facility

Available

9.   Tax benefits

 (i).   No deduction of Income Tax at source.