Distt. Jalandhar has very important place in Small Savings. During the last financial year Rs. 298 crores are collected in various Small Savings Schemes are:-
- Fully secured by Govt. of India.
- Higher Rate of Interest
- Nomination facility
- Amount invested utilized for the development of the state.
In our distt. app. 840 authorised Small Savings agents are working very hardly and providing home service to all the depositors of these schemes.
To attract the depositors, the Govt. of Punjab has launched lucky Coupon Schemes. Under this scheme, a free lucky coupon is issued to every depositors who deposit Rs. 5000/- in any scheme (except Saving Bank Account),and free prizes like one Kg. Gold, 1/2 kg. Gold and many other attractive prizes are distributes freely to the lucky winners.
The Details of this Scheme is as under :-
Details of Small Savings Schemes
Kisan Vikas Patra
Money double in 7 years 8 months. Facility for premature encashment as per table given below Rs. 1,000/- denomination.
After Amount Payable
2 years 6 months or more but less than 3 years Rs. 1195
3 years or more but less than 3 years 6 months Rs. 1256
3 years 6 months or more but less than 4 years Rs. 1305
4 years or more but less than 4 years 6 months Rs. 1382
4 years 6 months or more but less than 5 years Rs. 1439
5 years or more but less than 5 years 6 months Rs. 1534
5 years 6 months or more but less than 6 years Rs. 1602
6 years or more but less than 6 years 6 months Rs. 1672
6 years 6 months or more but less than 7 years Rs. 1800
7 years or more but less than 7 years 8 months Rs. 1883
No limit on investment. Available in denominations of Rs. 100/-, Rs. 500/-, Rs. 1000/-, Rs. 10,000/-, in all Post Office and Rs. 50,000/- in all Head Offices.
Post Office Monthly Income Scheme
9% per anuum payable monthly i.e., Rs. 75/- will be paid every month on a deposit of Rs. 10000/- In addition 10% bonus also payable on a maturity i.e., Rs. 1000 will be paid as bonus after 6 years for deposit if Rs. 10000/-.
Minimum Rs. 5000/-. Maximum Rs. 3 lakhs in single account and Rs. 6 lakhs in Joint account.
6 - Years National Savings Certificate (VIII-Issue)
Interest compound six monthly payable at maturity Rs. 1000/- grows to Rs. 1695.90. Minimum Rs. 100/-. No maximum limit. Available in denominations of Rs. 100/- , 500/- 1000/-, 5000/-and10,000/-.
15 - Years Public Provident Fund A/C
9% per annum form 1-3-2002 compound yearly.
Minimum Rs. 100/-. Maximum Rs. 60,000/- in a financial year. Deposits can be made in lumpsum or in 12 instalments. Account can also be opened in Banks. Cannot be attached by Court of decree.
Post Office Time Deposit Account
Interest payable annually but calculated quarterly
1-year account 7.25%
2-year account 7.50%
3-year account 8.25%
5-year account 8.50%
Minimum Rs. 50.
No Maximum limit.
5- Year Post Office Recurring Deposit Account
Rs. 10/- account fetches Rs. 748.49 on a maturity. Account can be continued for another 5 years on year basis.
Minimum Rs. 10/- per month or any amount of Rs. 5/-. No maximum limit.