|
Interest
Rate
|
Period during which purchased |
Maturity
Value for a Denomination of
Rs.100.00
|
| From
|
To
|
| 01.01.1999 |
14.01.2000 |
Rs.195.60 |
| 15.01.2000 |
28.02.2001 |
Rs.190.12 |
| 01.03.2001 |
28.02.2002 |
Rs.174.52 |
| 01.03.2002 |
28.02.2003 |
Rs.169.59 |
| 01.03.2003 |
onwards |
Rs.160.10 |
Features
One person can be nominated for certificates of denomination
of Rs. 100- and
more than one
person can be nominated for higher denominations.
Maturity period is 6 years. No premature encashment is
permitted in the normal
course.
Maturity
value is rounded off to nearest rupee; i.e., 50 paise and
above is taken as next rupee.
PREMATURE ENCASHMENT under sub-rule (1) of
rule 16 after the expiry of
three years from the date of purchase of certificate. Table below for a
certificate of Rs.100 denomination and at a proportionate rate for a
certificate of any other denomination.
Post maturity
interest will be paid for a maximum period of 24 months at the
rate applicable to individual savings account.
Table
|
Period from the date of the certificate to the date of
its encashment. |
Issued from 01.03.2001 to 28.02.2002
|
Issued from 01.03.2002 to 28.02.2003
|
01.03.2003
onwards. |
|
Three years or more, but less than three years and six
months |
126.43 |
124.62 |
121.15 |
|
Three years and six months or more, but less than four
years. |
131.71 |
129.51 |
125.09 |
|
Four years or more, but less than four years and six
months. |
136.90 |
134.29 |
129.16 |
|
Four years and six months or more, but less than five
years. |
142.48 |
139.43 |
133.36 |
|
Five years or more, but less than five years and six
months. |
147.98 |
144.46 |
137.69 |
|
Five years and six months or more, but less than six
years |
153.89 |
149.83 |
142.16 |
| 