If you have 30 Lakhs and 60 Years age minimum then
every month you will get 20,500/- and after 5 years same 30 Lakhs will get full amount.
(Interest Rate: 8.2% per annum, Tenure: 5 Years, Quarterly Payouts)
| Deposit Amount | Interest Per Quarter (3 months) | Interest Per Year | Total Interest in 5 Years | Maturity Amount (Principal + Interest) |
|---|---|---|---|---|
| ₹10,00,000 | ₹20,500 | ₹82,000 | ₹4,10,000 | ₹14,10,000 |
| ₹20,00,000 | ₹41,000 | ₹1,64,000 | ₹8,20,000 | ₹28,20,000 |
| ₹30,00,000 | ₹61,500 | ₹2,46,000 | ₹12,30,000 | ₹42,30,000 |
| Feature | Single Account | Joint (Double) Account |
|---|---|---|
| Eligibility | Individual (60+ years) | Primary holder (60+), joint with spouse |
| Minimum Deposit | ₹1,000 | ₹1,000 |
| Maximum Deposit | ₹30 Lakh | ₹30 Lakh (Shared limit) |
| Interest Rate | 8.2% (Example) | 8.2% (Example) |
| Tenure | 5 years (extendable by 3 years) | 5 years (extendable by 3 years) |
| Tax Benefit (80C) | Yes (up to ₹1.5 Lakh) | Yes (up to ₹1.5 Lakh) |
| Premature Withdrawal | Allowed with penalty | Allowed with penalty |
| Nomination Facility | Available | Available |
| Payout Mode | Quarterly Interest Payout | Quarterly Interest Payout |
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