Scheme

Features

Post Office Passport Seva Kendras (POPSK)

• Currently, providing the passport services at 442 Post Offices Passport Seva Kendras

Post Office Savings

Account (POSA)

• For regular savings, withdrawals etc.
• Min. balance - ₹ 500/- and ₹ zero in case of Basic Savings Account
• ATM / Internet & Mobile Banking Facility / NEFT & RTGS
• Post office Savings Accounts with India Post Payment Bank account linkage for UPI, IMPS etc.

Recurring Deposit (RD)

• Min. instalment (per month): ₹ 100/- and thereafter any amount in the multiple of ₹ 10/-
• Max. instalment: No limit
• Term: 5 Years and extendable for another 5 years

Time Deposit (TD)

1/2/3/5 Year(s)

• Min. Deposit (Single): ₹ 1000 /- or in the multiple of ₹ 100/-
• Max. Deposit: No limit
• Income Tax exemption for investment in 5 Year TD
• Extension – Twice after completion of term

Monthly

Income Scheme  (MIS)

• For source of monthly income
• Min. Deposit: ₹ 1,000/- or in its multiple
• Max. Deposit: ₹ 9.0 lakh /- (individual); ₹ 15 lakh (in Joint)
• Term – 5 Years

Senior Citizens Savings Schemes (SCSS)

• Special scheme for Senior Citizens
• For source of quarterly income
• Min. Single Deposit: Rs. 1,000/- or in its multiple
• Max. Deposit: Rs. 30,00,000/-
• Term – 5 Year and extendable after the expiry of each block period of three years

Public Provident Fund (PPF)

• Min. Initial Deposit: ₹ 500/-
• Max. Deposit: ₹ 1,50,000/- in a Financial Year
• Min. Subsequent deposit in the multiple of ₹ 50/-
• Income Tax exemption for investment
• Tax free Interest
• Term – 15 Years and extendable further

Sukanya Samriddhi Yojana Account (SSA)

• Special Scheme for girl children
• Min. Initial Deposit: ₹ 250/-
• Max. Deposit: ₹ 1,50,000/- in a Financial Year
• Min. Subsequent deposit in the multiple of ₹ 50/-
• Income Tax exemption for investment
• Tax free Interest
• Term – 21 Years

National

Savings Certificate – VIII Issue (NSC)

• Minimum investment - ₹ 1,000/-
• Maximum investment: No limit - In multiples of ₹ 100/-
• Income Tax exemption for investment
• Term – 5 years

Kisan Vikas Patra (KVP)

• Minimum investment - ₹ 1,000/-
• Maximum investment: No limit - In multiples of ₹ 100/-
• Maturity - Double the amount of investment

Mahila Samman Savings Certificate (MSSC)

• Special Scheme for Women and girl children
• Investment is allowed from 01.04.2023 to 31.03.2025
• Minimum investment - ₹ 1,000/-
• Maximum investment: ₹ 2 Lakh per individual - In multiples of ₹ 100/-
• 3 months-time-gap between the opening of accounts
• Term – Two years
• Lockup period – 6 months

PM Cares for Children Scheme 2021

• Special scheme for the beneficiaries identified by Ministry of Women and Child Development
• Initially, 4515 accounts were opened and funded
• Investment differs based on the age of child and maturity amount is ₹10 Lakh
• MIS Interest is payable on 10 Lakh from the age of 18 to 23
• Maturity at the age of 23 of the account holders.

India Post Payment Bank (IPPB)

•  Savings and current accounts
•  Virtual Debit Card
•  Domestic Money Transfer services
•  Bill and utility payments
•  Insurance services for IPPB customers