TD

RD

SSA

MSSC

PPF

SCSS

MIS

NSC

SB

RPLI

PLI

KVP

TD

RD

SSA

MSSC

PPF

SCSS

MIS

NSC

SB

RPLI

PLI

KVP

Endowment Assurance

Whole Life Assurance

Joint Life Assurance

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Children Policy

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Anticipated Endowment Assurance

Convertible Whole Life Assurance

Low Premium with High Bonus

• All Government employees.
• All types of Schools, Deemed Universities and Educational Institutes employees.
• Professionals like Doctors, Engineers, CA/CS, MBA, Architect, Advocates.
• Employees of BSE/NSE listed company * Employees of Schedules Commercial Banks.
• All types of Graduates and Diploma Holders .

PLI- Eligibility

POSTAL LIFE INSURANCE

(PLI)

Age criteria

Sum Assured

Loan

Surrender

Tax benefits

• Minimum & Maximum age at entry: 19-55 years

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• Minimum Sum Assured ₹ 20,000
• Maximum ₹ 50 lakh

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• Loan facility available

• Surrender after three years

• Exemption under Income Tax Act under section 80 C

Premium payment

• Can be done at any post offices across India
• online
• via IPPB App

RURAL POSTAL LIFE INSURANCE

(RPLI)

Age criteria

Sum Assured

Loan

Surrender

Tax benefits

Premium payment

• Minimum & Maximum age at entry: 19-55 years

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• Minimum Sum Assured ₹ 10,000
• Maximum ₹ 10 lakh

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• Loan facility available

• Surrender after three years

• Exemption under Income Tax Act under section80 CC

• Can be done at any post offices across India
• online
• via IPPB App

Approximate Maturity Value

For Endowment Assurance

Comparison of PLI with other Savings Plans

Bonus Comparison of PLI and other Insurance Company

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• Bonus Rates are Ten lakhs Per Annum.

Comparison of Returns

vis a vis Other Insurance Co. : Entry 30 yrs

Low Premium With High Bonus

Post Office Savings Account(SB)​

Who can apply?

Amount of Deposit

Interest Payment

Additional Facilities

• Single or two adults
• a guardian on behalf of minor ​
• a minor above 10 years in his own name

• Minimum INR 500/- for opening
• Maximum deposit: - No maximum limit

Tax Benefits

• u/s 80TTA of the Income Tax Act interest up to Rs. 10,000 earned in a Financial Year is exempted

• ​ 4.0% per annum

• Cheque book
• ATM Card
• ebanking/mobile banking
• Atal Pension Yojana (APY)
• Pradhan Mantri Suraksha Bima Yojana (PMSBY)
• Pradhan Mantri Jeevan Jeevan Jyoti Bima Yojana (PMJJBY)

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 Recurring Deposit Account�(RD)

Who can apply?

Amount of Deposit

Interest Payment

Maturity

• a single adult or jointly
• a guardian on behalf of minor/ person of unsound mind
• a minor above 10 years in his own name.

• Minimum INR 100/- per month or any amount in multiples of INR 10/-.
• No maximum limit.

• interest rates are 6.2% p.a.

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•  5 years (60 monthly deposits)

Premature Closure

•  Can be closed prematurely after 3 years

Time Deposit Account�(TD)

Who can apply?

Amount of Deposit

Interest Payment

Maturity & Closure

• a single adult or jointly
• a guardian on behalf of minor or person of unsound mind
• a minor above 10 years in his own name.

• Minimum INR 1000/- and in multiple of 100. No maximum limit.

• Interest shall be payable annually

• Deposit amount shall be repayable after expiry of 1 year, 2 year, 3 year, 5 year (as the case may be)
• No deposit shall be withdrawn before the expiry of six months from the date of deposit.

Monthly Income Scheme Account�(MIS)

•  a single adult or jointly
• a guardian on behalf of minor/ person of unsound mind
• a minor above 10 years in his own name.

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Who can apply?

Amount of Deposit

Interest Payment

Maturity

• Max investment limit is INR 9 lakh in single a/c and INR 15 lakh in joint account

• payable on completion of a month from the date of opening and so on till maturity.
• interest rates are 7​.4​ % p.a. payable monthly

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• Account may be closed on expiry of 5 years from the date of opening by submitting prescribed application form.
• In event of death before the maturity, the account may be closed and amount will be refunded to nominee/legal heirs.

Senior Citizen Savings Scheme A/C�(SCSS)

Who can apply?

Amount of Deposit

Interest Payment

• Individual above 60 yrs of age
• Retired Civilian employees > 55 yrs of age
• Retired Defence employees > 50 yrs of age

Tax Benefits

•  Minimum deposit shall be Rs. 1000
• Maximum up to Rs. 30 lakh

• Investment under this scheme qualifies for the benefit of section 80C of Income Tax Act, 1961
• No TDS will be deducted if form 15 G/15H is submitted and accrued interest is not above prescribed limit

• Interest shall be payable on quarterly
• Interest rates are 8.2%

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Sukanya Samriddhi Account�(SSA)​

Who can apply?

Amount of Deposit

Interest Payment

Withdrawal

Tax Benefits

• By the guardian in the name of girl child below the age of 10 years
• For maximum two girl child

• Min INR. 25​0/-and Max INR. 1,50,000/- in a financial year.
• Subsequent deposit in multiple of INR 50/-

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• Rate of interest 8.0% p.a. compounded yearly

• Deposits qualify for deduction under section 80C of Income Tax Act
• Interest earned is tax free under Income Tax Act

•  on attaining age of 18 or passed 10th standard.
• up to 50% of balance available at the end of preceding F.Y.

Mahila Samman Savings Certificate �(MSSC)​

Mahila Samman Savings Certificate �(MSSC)​

Who can apply?

Amount of Deposit

Interest Payment

Withdrawal

• By a woman for herself.
• By the guardian on behalf of a minor girl.

• Min. of rupees one thousand and in multiple of Rs. 100/-
• Max. limit of Rs. 2 lakh in an account or all account hold by an account holder.
• A time gap of 3 months shall be maintained between the existing account and the opening of other account.

• Interest rates are 7.5 % per annum (compounded yearly)

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• 40% withdrawal of eligible balance can be taken after one year from the date of account opening.

Maturity

• After two years from the date opening eligible balance will be paid to the depositor.

RATES OF INTEREST

Public Provident Fund Account�(PPF )

Who can apply?

Amount of Deposit

Interest Payment

Loan facility & Maturity

•  a single adult by a resident Indian.
• a guardian on behalf of minor 

• Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
• Deposits can be made in lump-sum or in ​instalments

• Interest rates are 7.1 % per annum (compounded yearly)

• Loan can be taken after expiry of 1 year, before expiry of 5 years, 25% of balance to his credit at the end of the second year immediately preceding the year in which loan is applied
• Maturity after 15 F.Y. years excluding FY of account opening

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Tax Benefits

• Deposits qualify for deduction under section 80C of Income Tax Act

National Savings Certificates(NSC)�& Kisan Vikas Patra (KVP)

Who can apply?

Amount of Deposit

Interest Payment

Maturity

Pledging

• a single adult or jointly
• a guardian on behalf of minor
• a minor above 10 years in his own name.

• Minimum of Rs. 1000/- and in multiples of Rs. 100/-
• No Maximum Limit

• For NSC: 7.7 % compounded annually but payable at maturity
• For KVP: 7.5 % compounded annually

Amount Invested doubles in 115 months

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• For NSC: deposit shall mature on completion of five years
• For KVP: deposit shall mature on the completion of ten years

•  Both NSC & KVP may be pledged as security

Presented by:�NEW DELHI SOUTH WEST DIVISION

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For more information visit

www.indiapost.gov.in

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Customer Care Toll Free Number 1800 266 6868

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