| Investment Limit |
Minimum investment is Rs.1000 and there is no maximum limit |
| Interest Option |
Payable half yearly on 1st Feb, 1st Aug or cumulative on maturity. |
| Tax Benefits |
Interest is taxable under IT Act 1961. Exempt from Wealth Tax under Wealth Tax Act 1957 |
| Transferability |
Non-transferable, non-tradeable and cannot be used as collateral for borrowings |
| Nomination |
Available. Only sole holder or surviving holder can nominate |
| Repayment |
Repayable on expiry of 6 years from date of issue. No interest would accrue after maturity |
| Premature Encashment |
Not available |
