I.   Duration & Rate of interest

One year  6.25%

Two year  6.50%

Three year 7.25%

Five year  7.50%

II.  Where to Invest ?

In any Head post office/Sub post office

III.  Who can invest ?

(i).    An individual(Above 18 years)

(ii).   A  minor who has attained the age of 10 years.

(iii).   A guardian on behalf of a minor / a person of unsound mind.

(iv).  Two individuals

IV.   How much to invest ?

Minimum - Rs. 200/-

Maximum – No limit

V. Withdrawals

     (i).     On Maturity

    (ii).      Premature

Principal – Only after the expiry of the   period for which it is made.

Interest -   At the end of each year during  the period of deposit.

(i).    After 6 months upto one year without interest

(ii).    After one year, interest shall be paid two percent less.

VI.   Nomination facility

Available

IX.   Tax benefits

 (i).   No deduction of income tax at source.

(ii).    Tax exemption on Five Years Time Deposit Account U/S 80C of the IT Act.