Government Investment Schemes

	Eligibility	#Minimum initial investment  Amount/ premium#Maturity/Lock in#Interest Rate/Benefits/Coverage	Taxability	Further details
Public Provident Fund	Indian citizen1 person- 1 accountPPF for minors allowed	#Rs 500 p.a.#Lock in: 15 yearsExtendable for 5 years at a time#7.1% paid annually paid on the lowest balance at the credit of an account between the closing of the fifth day and the end of the month	EEE- tax exemptions are granted at the time of investment, Interest, and withdrawal80C- upto 1.5 lakhs	Deposit via cash, cheque, DD or onlineMinimum 1 contribution per yearMinimum Opening balance: Rs 500Maximum Contribution Per year: Rs 1.5 LWithdrawals allowed from 7th Year
Kisan Vikas Patra	Age>18 yearsIndian CitizenAdult can apply on behalf of minor or a person of unsound mind	#Rs 1000#Lock in: 2.5 years Maturity: 9 years 7 months (115 months)#7.5%Doubles invested amount in 115 months	Interest is taxableExempt from TDS on the amount received on maturity	Denominations: Rs 1000, Rs 5000, Rs 10000 and Rs 50000Offline and online investment options available at banks and post officesPAN card required for investments above Rs 50,000Investment accrues interest until withdrawnAffordable loans againsts KVPs available
5-Year Post Office Recurring Deposit Account (RD)	Indian ResidentMinor accounts allowedAge<10yrs-->Gaurdian required	#Rs 100#5 years- can be closed after 3 years prematurely- Savings acc rates applied in case of premature closure-Extendable once by 5 years#6.7%	Taxable at income slabInterest> Rs 10,000--> TDS deducted (With PAN- 10%, W/o PAN- 20%)	Re 1 fee for every Rs 100 depositLoan upto 50% of deposit after 1 year allowed, Interest rate =Interest rate+2%
Fixed Deposits	All	#Rs 1000#7 days to 10 years#2.5 % to 7 % compounded Monthly, quaterly and annually	5 year Tax saver FDs qualify for exemptions under section 80C
Recurring Deposits	Age >18 years	#Rs 10#6 Months to 10 years#2.5 % to 7 % compounded quaterly		Partial withdrawal not allowedPremature withdrawal with penalty
National Saving Certificates	Indian ResidentMinor accounts allowed	#Rs 1000#5 years- 10 years#7.7%	80CNo TDS on maturity, taxable at slab rate	Minimum investment amount Rs 100Purchase at any Post OfficeAccepted by banks and NBFCs as collateralNo premature withdrawal, except death of holder or court order
E-shram Card	Age- 16 to 59Workers in unorganised sector-labourers, daily wage earners, Not a member of EPFO, ESIC or NPSEmployees working in companies classified as unorganized sector can apply for e-shram cards.Mobile number linked with Aadhaar	###Pension : Rs 3000 per month after age 60Death insurance: Rs.2,00,000 andFinancial aid of Rs.1,00,000 if the worker is partially handicapped.Beneficiary dies: benefits given to his/her spouse		The unorganized sector consists of the units or establishments engaged in the production or sale of goods and services and has employed less than 10 workers.Beneficiaries get 12 digit UAN numberRegister on : https://eshram.gov.in/
Life Insurance from LIC and others	All	Varies
Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)	Age- 18 to 50 years	#Annual renewal premium Rs 436 deducted from account holder's bank or Post office account before #Term cover till age 55 Years#Rs 2,00,000 payable at death of susbscriber due to any reason	80C	Pure term life insurance with no maturity or disability benefit
Pradhan Mantri Suraksha Bima Yojana(PMSBY)	Age- 18 to 70 years	#Rs 20+ service tax annual premium##Rs 2,00,000 - Accidental death or permanent total disabilityRs 1,00,000- Partial  disability
Life Cover under Pradhan Mantri Jan Dhan Yojana(PMJDY)	Holders of PMJDY accounts:Indian Residentsage> 10 years	#NA##Life insurance coverage of Rs. 30,000 (Death cover)Rs 2,00,000-accidental insurance coverOverdraft facility: Rs 10,000		No Premium needs to be paid
Janashree Bima Yojana (JBY)/Aam Aadmi Bima Yojana(AABY)	Rural and urban poor people living below the poverty line, landless labourers, street vendors, weavers, craftspersons, employed women, self-employed persons, and other economically weaker sections of societyShould be a member of any of the nodal agency approved occupation or vocational groupMinimum membership size should be 25Age- 18 to 59 years	#Rs 200 per headFor Women SHGs- Rs 100 by member+ rs 100 by LIC##Women SHG: Term Life Insurance cover- Rs 30,000 for 1 yearRs. 5,000 in maternity benefits for the registered domestic workerSum assured: Rs. 30,000 (Natural death) and Rs. 75,000 (Death due to accidental causes)Disability benefit:Rs. 75,000 (total permanent disability)Rs. 37,500 (loss of an eye or limb in an accident)Female Critical Illness (FCI) Benefit: Claim treatment fee of Rs 20,000 on detection of malignant tumours in the breast, Cervix uteri, ovaries, fallopian tubes, vulva, and vagina.		Primarily for people in low-income sectors belonging to the 45 named occupational groups, including Handicraft Artisans, Handloom and Khadi Weavers, Lady Tailors, Carpenters, Auto Drivers and Salt Growers.Shiksha Sahyog Yojana:Add-on benefit for up to 2 children of parents covered under JBY- Rs 600 scholarship paid half yearly to students studying in IX to XII and ITI
Atal Pension Yojana(APY)	Indian citizenAge- 18 to 40 yearsBank account and mobile number	#Varies from Rs 42 to Rs 1454#Minimum contribution duration : 20 Years#Guaranteed pension of Rs. 1,000, Rs. 2000, Rs. 3000, Rs. 4000 or Rs. 5,000 depending on contributions made by the subscriber.	80CCD
Sovereign Gold Bond scheme	Indian resident	#1g to 4 KgsIssue price = average closing prices of gold with 999 purity over the last three working days before the subscription periodRs 50 discount for those applying online#8 yearsExit allowed after 5 years#2.5% paid semi-annually for 8 years	No TDS on the purchase/sale/transferNo TDS on interest received on SGB which an investor can buy up to 4 lakhs.LTCG-20% along with cess minus the indexation benefits on selling after 5 yearsExempted from taxation if held to maturity(8 Years)	Redemption price simple average closing price of gold with 999 purity in the previous three working days, as reported by the India Bullion and Jewellers Association Ltd (IBJA).Payment: Cash upto Rs 20,000, Cheques, DD and onlineSold through SCBs(except SFBs, Payment Banks and RRBs), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices and recognised stock exchanges viz., NSE and BSE either directly or through agents.Certificate of Holding issued to investorsCan be used as collateral with LTV similar to gold loans
National Pension Scheme	Age-18 and 70 years Resident, non-resident or OCI	#Tier 1 account- Rs 500 to open and 1000 p.a. subsequentlyTier 2 account- Rs 250 to open, no minimum requirement subsequently#At age 60Pre-mature partial withdrawals allowed.#Market linked returns- Historically between 9-12%2 investment modes- Active and AutoActive- gives subscriber choice in allocationAuto- decides allocation based on age of subscriberLump sum withdrawal 60%Purchase annuity with 40%	Tax benefits on investment for tier 1 account-80CCD(1)- Rs 1.5 Lakhs80CCD(1B)- Rs 50,000Employer's contribution up to 10% of basic+DA exempt as Business costBenefits on withdrawal:Up to 25% withdrawal exempt from taxAnnuity purchase exempt, annuity amount taxedNo Tax benefits for tier 2 accountWithdrawals made from tier 2 account subject to taxation, not just gains	Permanent retirement account number(PRAN) allocated to each subscriberWithdraw upto 25% from Tier I scheme contribution.Conditions:-Minimum 10 years of contributions prior to such an application-Minimum gap of 5 years between two consecutive withdrawals.Withdraw upto 50% after 25 years of serviceCorpus< Rs 5L--> Complete withdrawal allowed, Tax exemptedCorpus<Rs 2.5L --> Complete withdrawal allowed for pre-mature exitSystematic Lumpsum Withdrawal(SLW) facility: withdraw upto 60% of lumpsum monthly/quaterly/half yearly/annually upto 75 years of age
Sukanya Samriddhi Yojana (SSY)	For girl child less than 10years old	#Rs 250 - Rs 1.5 lakhs p.a.Deposits made for a maximum of 15 years#Till the girld child reaches 18 years of age#8.2%	EEE- Investment (up to Rs 1.5 lakh exempt under Section 80C), interest and amount received on maturity is tax-free
Post Office Mahila Samman Savings Scheme	Woman herself or gaurdian on behalf of a minor girl	##2 years#7.5%, interest calculated and credited quaterly	TDS deductions based on interest earned and slab rate
Post Office Time Deposit Scheme		#Rs 1000#1 year to 5 years#One-year – 6.9% p.a.  Two-year – 7.0% p.a.  Three-year – 7.1% p.a.  Five-year – 7.5% p.a.(Compounded Quarterly)	Tax benefits up to 5 years under Section 80C on deposits -Interest earned is taxable-TDS to be deducted on interest earned for more than Rs 40,000 p.a.(Rs 50,000 in case of senior citizens)
Post Office Savings Account		#Rs 500	Tax-free interest up to Rs 50,000 for senior citizens
Post Office Monthly Income Scheme Account (MIS)		#Rs 1000##7.4% per annum payable monthly	Tax benefit under Section 80C for deposits-Interest earned is taxable-TDS to be deducted on interest earned for more than Rs 50,000 p.a.
Senior Citizen Savings Scheme (SCSS)	Individuals of age> 60 years or age between 55 and 60 for retired civilian or defense employees	#Rs 1000##8.2% p.a. (Compounded Quarterly)	Tax benefit under Section 80C for deposits  – TDS to be deducted on interest earned for more than Rs 50,000 p.a.

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