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- Post Office Monthly Income Scheme
- Post Office Time Deposit Scheme
- National Savings Certificate
- Kisan Vikas Patra
- Public Provident Fund
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| SENIOR CITIZEN’S SAVINGS SCHEME |
| Salient Features |
- 9% interest per annum payable quarterly.
- Minimum Deposit: Rs 1000 and multiples thereof.
- Maximum Limit : 15 Lakhs. In single name.
- The scheme is for 5 years.
- Premature closure facility is available.
- Risk free investment.
- Individual aged of 60 years and above can invest.
- Joint account can be opened with spouse.
- Safe investment - A central govt scheme
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| Objective Of The Scheme |
| Senior Citizen Saving Scheme-2004 is offering higher rate of interest as compared to any other small savings scheme. This scheme has come into operation from August 2, 2004. The main objective of the scheme is to provide fixed income on quarterly interval. |
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