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Govt Business
Government Saving Scheme
Features
 
 
 

 

Government sponsored schemes; Our 1227 Branches are authorized for opening:

Higher Rate of Interest:
Rate of interest on these schemes is managed by Government of India and changes Quarterly as notified by GOI time to time.


Type of Account

Rate of Interest w.e.f 01.07.2017 (p.a.)

 5 Year Senior Citizens Savings Scheme (SCSS2004)

8.3%

Public Provident Fund Scheme, 1968 (PPF)

7.8%

Kisan Vikas Patra

7.5%

Sukanya Samridhhi Scheme

8.3%

 

Tax Concessions:

Deposits in the account ( ( PPF, SCSS & SSS) are exempted under section 80-C of Income Tax Act

 

I am a defense pensioner dependent on your sector 29, NOIDA branch drawing pension for more than 12 years.
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