Post Office has implemented certain changes in their saving instruments wef 11 Nov 2011 and same are as appended below:
- Maturity period for NSC and MIS has been reduced from 6 Years to 5 Years.
- New instrument of NSC introduced with tenure of a decade.
- KVP (Kisan Vikas Patra) to be discontinued.
- PPF investment raised from Rs. 70,000/- to Rs. 1,00,000/- .
- Premature mature withdrawal of Term Deposit will certainly be allowed.
- Rates of interest on loan from PPF account being raised from 1% to 2%.