Pension Plan

Interest: 7​.4​ % per annum payable monthly. Subscription amount: In multiples of INR 1000/- Maximum Limit: Maximum investment limit is INR 9 lakh in single account and INR 15 lakh in joint account. An individual can invest maximum INR 9 lakh in MIS (including his share in joint accounts). For calculation of share of an individual in joint account, each joint holder have equal share in each joint account. Account Type: Individual, Joint, Guardian on behalf of Minor, Minor above 10 years in his/her name.

Senior Citizen Savings Scheme (SCSS) This scheme is ensuring social security for elderly well to do senior citizens since 2004. This scheme was first introduced by government of India to deliver it via post offices. Interest Rate: 8.2 % per annum Deposit : one time lump sum Minimum Subscription amount: 1000/- Maximum: in multiple of 1000/- up to 30 lakh.