Let’s see what the main features of the scheme are:
| Interest rate | 7.10% p.a. compounded annually* |
| Tenure | 15 years (plus the first year of investment) |
| Minimum Investment | Rs. 500 p.a. |
| Maximum Investment | Rs. 1,50,000 p.a. |
| Tax Benefit | Under Section 80C, interest is tax exempt |
*The interest rate is currently 7.10% p.a. This is subject to change.