There are different kinds of Small Savings Schemes suitable for various segments of the population.

The Government of India have reduced the rate of interest for many of the Small Savings Scrips w.e.f. 01.03.2003 as follows: 

Sl.
No.		 Scheme  Rate of Interest
w.e.f.  01.01.2001		 Rate of Interest
w.e.f.  01.03.2002		 Rate of Interest
w.e.f.  01.03.2003
1.

POMIS

9.50 %

9.00 %

8.00 %
2.

1 YEAR TD

7.50 %

7.25 %

6.25 %

2 YEAR TD

8.00 %

7.50 %

6.50 %

3 YEAR TD

9.00 %

8.25 %

7.25 %

5 YEAR TD

9.00 %

8.50 %

7.50 %
3.

PORD

Rs. 10 becomes 
Rs. 758.53 after 5 years

Rs. 10 becomes 
Rs. 748.49 after 5 years

Rs. 10 becomes 
Rs. 728.90 after 5 years
4.

NSC- VIII

9.50 %

9.00 %

8.16 %
5.

PPF

9.50 %

9.00 %

8.00 %
6. 

KVP

Doubles in 
seven years and three months 

Doubles in 
seven years and eight months 

Doubles in 
Eight years and seven months 
7.

POSA

4.50 %

3.50 %

3.50 %
8. SCSS      9.00%
*    -  NSS -92 Scheme was withdrawn by the G.O.I.  w.e.f  01.11.2002 

The SCSS introduced w.e.f. 1-7-2004


HIGH YIELDING SCHEMES: 
KVP

MONTHLY SAVINGS OPTION:
PORD

REGULAR INCOME SCHEMES:
POMIS, SCSS

TAX BENEFIT SCHEMES:
  NSC/ PPF
 

OTHER SCHEMES:
 POTD /POSA



Some Special Advantages of Small Savings Schemes

Most of the Schemes have facilities for nomination and in case of death of depositor his / her nominee (s) can easily withdraw the deposits with interest.

Certificate / Pass Book can be transferred to any other Post Office

Deposits can be made through Government appointed authorized male / female agent, who accept money / cheque / drafts against proper receipt.
 
Pay Roll Savings Scheme 

Under this scheme, any monthly salaried person can voluntarily authorise his appointing authority or employer to deduct monthly contributions from his salary and to remit into anyone of the savings schemes like Post Office Recurring Deposit, Post Office Time Deposit, National Savings Certificate (VIII issue) and Public Provident Fund Scheme. The group leader appointed in each organization for collection purpose is paid 2% commission for his service who implements the scheme in the respective concern. 

 

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