Name of the Securities	Rate of Interest	Limit of Investment	Exemption under IT Act
1,2,3 and 5 year Time Deposit	Interest @6.25 per cent,6.50 per cent, 7.25 per cent, 7.50 per cent p.a ( calculated at quarterly compounding basis)	No limit on deposits; account can be opened in multiples of Rs.50/- in a single name or joint names; even a minor can open account	Interest exempt up to Rs.9000/- along with incomes from other approved investments under section 80L
6 Year National Savings Certificates VIII issue	Compound (half yearly) interest @8 per cent p.a payable on maturity	No limit on deposits, certificates are issued in denominations of Rs.100, Rs.500,Rs.1000, Rs.5000, Rs.10000	Investment and accrued interest qualify for tax rebate under section 88. Interest exempt up to Rs.9000 under section 80L.
5 year Post Office Recurring Deposit	Interest compounded quarterly but payable on maturity. An account of Rs.10 denomination will yield Rs.728.90 at maturity ( Rate of interest 7.0 % w.e.f 1.3.2003)	No limit on deposits, Deposits can be made in multiples of Rs.5 pm (minimum Rs.10 p.m) Account can be extended for another term of 5 years of same rate with same rate of interest.	Interest exempt up to Rs.9000 along with incomes from other approved investments under section 80L.
15 Year Public Provident Fund	Compound interest @8 per cent every year but payable at the time of maturity.	Minimum Rs.500 and maximum Rs.70000 in every financial year. Deposit can be made in lumpsum or in monthly installments. Withdrawal is permissible every year from 7th financial year. No attachment under court decree.	Interest totally exempt under section 10(ii). Investment qualifies for tax rebate under section 88
Post Office Monthly Income account(6 years)	Interest @ 8 per cent per annum payable monthly, in addition a bonus of 10 per cent payable on maturity	One or more accounts can be opened but deposits cannot exceed Rs.300000 in single account and Rs.600000 in joint account. Only one deposit in the account in the multiple of Rs.1000 is permitted.	Interest deductible up to Rs.9000 along with other incomes under section 80L.
Deposit Scheme for Retiring Government Employees, 1989 and Deposit Scheme for Retiring Employees of Public Sector Companies 1991	Simple interest @ 7 per cent p.a payable on June 30 and December 30 (Deposits which have completed 3 years but not withdrawn will be eligible for interest.	Any amount not exceeding the retirement benefit received by a Government employee or an employee of a public sector company can be deposited (minimum amount Rs.1000) in multiples of Rs.1000	Interest totally exempt under section 10(15)
Kisan Vikas Patra	Maturity value will become double after 8 years and 7 months.	Account can be opened a single, on behalf of minor and a trust. Available in of denomination of Rs.100,Rs.500, Rs.1000, Rs.5000, Rs.10000. Premature encashment after two and half years allowed.	No tax exemption and rebate