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National Savings Recurring Deposit Account

5-Year Post Office Recurring Deposit Account (RD)

Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:-
  • 5.8 % per annum (quarterly compounded)
 Minimum INR 100/- per month or any amount in multiples of INR 10/-. No maximum limit.
Salient features including Tax Rebate
  • Account may be opened by
    (i) a single adult
    (ii) Joint Account (Maximum 3 adults)
    (iii) Minor above 10 years of age
    (iv) A guardian on behalf of a minor/Person of unsound mind
  • Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of clearance of Cheque
  • Nomination facility is available at the time of opening and also after opening of account
  • Premature closure is allowed after three years from the date of opening of the account and interest at the rate applicable from time to time to the Post Office Savings Account shall be payable on such premature closure of account
  • Account can be transferred from one post office to another
  • Any number of accounts can be opened in any post office
  • Subsequent deposit can be made up to 15th day of next month if account is opened up to 15th of a calendar month and up to last working day of next month if account is opened between 16th day and last working day of a calendar month
  • If subsequent deposit is not made up to the prescribed day, a default fee is charged for each default, default fee @ 1 Rs for every 100 rupee shall be charged. After 4 regular defaults, the account becomes discontinued and can be revived in two months but if the same is not revived within this period, no further deposit can be made
  • *If in any RD account, there is monthly default amount , the depositor has to first pay the defaulted monthly deposit with default fee and then pay the current month deposit. This will be applicable for both CBS and non CBS
  • There is rebate on advance deposit of at least 6 installments, Rs. 10 for 6 month and Rs. 40 for 12 months Rebate will be paid for denomination of Rs. 100
  • Minor after attaining majority has to apply for conversion of the account in his name
  • One loan up to 50% of the balance allowed after one year. It may be repaid in one lumpsum along with interest at the prescribed rate at any time during the currency of the account
  • Protected Savings Scheme is applicable for the account of denomination Rs 100/-
  • Online Deposit facility is available through Intra Operable Netbanking/Mobile Banking
  • Online Deposit facility is available through IPPB Saving Account
  • Date of maturity will be 5 years after date of opening. Account can be extended for further 5 year by giving application at account office

National Savings Time Deposit Account

Post Office Time Deposit Account (TD)

Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained
Interest payable annually but calculated quarterly. Minimum INR 1000/- and in multiple of 100. No maximum limit.

Interest rates From 01.04.2020 to 30.06.2020

Period Rate
1yr.A/c 5.5%
2yr.A/c 5.5%
3yr.A/c 5.5%
5yr.A/c 6.7%
Salient features including Tax Rebate
  • .Account may be opened by
    (i) a single adult
    (ii) Joint Account (Maximum 3 adults)
    (iii) Minor above 10 yearsof age
    (iv) A guardian on behalf of a minor/Person of unsound mind
  • Account can be opened by cash /Cheque and in case of Cheque the date of realization of cheque in Govt. account shall be date of opening of account
  • Nomination facility is available at the time of opening and also after opening of account
  • Account can be transferred from one post office to another
  • Any number of accounts can be opened in any post office
  • Single account can be converted into Joint and Vice Versa
  • Minor after attaining majority has to apply for conversion of the account in his name.
  • TD account can be extended by giving an application in account office
  • Interest shall be payable annually, No additional interest shall be payable on the amount of interest that has become due for payment but not withdrawn by the account holder
  • The annual interest may be credited to the savings account of the account holder at his option
  • Premature encashment not allowed before expiry of 6 month, If closed between 6 month to 12 month from date of Opening, Post Office Saving Accounts interest rate will be payable
  • The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
  • Online Account Opening facility is available through Intra Operable Netbanking/Mobile Banking

National Savings Monthly Income Account

Post Office Monthly Income Scheme Account (MIS)

Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:-
  • 6.6 % per annum payable monthly.
  • In multiples of INR 1000/-
  • Maximum investment limit is INR 4.5 lakh in single account and INR 9 lakh in joint account
  • An individual can invest maximum INR 4.5 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.
Salient features including Tax Rebate
  • Account may be opened by
    (i) a single adult
    (ii) Joint Account (Maximum 3 adults)
    (iii) Minor above 10 years of age
    (iv) A guardian on behalf of a minor/Person of unsound mind.
  • Account can be opened by cash/Cheque and in case of Cheque the date of realization of Cheque in Govt. account shall be date of opening of account
  • Nomination facility is available at the time of opening and also after opening of account
  • Account can be transferred from one post office to another.
  • Any number of accounts can be opened in any post office subject to maximum investment limit by adding balance in all accounts (Rs. 4.5 Lakh)
  • Single account can be converted into Joint and Vice Versa
  • Minor after attaining majority has to apply for conversion of the account in his name
  • Maturity period is 5 years from 1.12.2011
  • Interest can be drawn through auto credit into savings account standing at same post office,orECS./In case of MIS accounts standing at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post offices
  • Can be prematurely en-cashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. (Discount means deduction from the deposit.)
  • A bonus of 5% on principal amount is admissible on maturity in respect of MIS accounts opened on or after 8.12.07 and up to 30.11.2011. No bonus is payable on the deposits made on or after 1.12.2011
  • Interest shall be payable to the account holder on completion of a month from the date of deposit
  • If the interest payable every month is not claimed by the account holder such interest shall not earn any additional interest.
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News, Due Date Reminder and Location Map

News

28 Oct 25
CBDT Launches Updated Search and Seizure Manual 2025 with Focus on Digital Evidence and Data Security
MCA Extends Deadline for Filing CRA-4 Cost Audit Report in XBRL Format Till 31st December 2025
Finance Ministry Notifies Banking Companies (Nomination) Rules, 2025
Delhi HC: Illegible Order Is Not a Valid Ground to Avoid Filing Appeal U/S 107 of the GST Act
FM Announces Auto-Approval of GST Registration Within 3 Days for New Applicants
Karnataka’s Rooftop Solar Sector Gets a Boost as GST Rate Falls
27 Oct 25
India to launch simplified GST registration from November 1
Finance Ministry Plans Credit Support Scheme for MSMEs Hit by 50% US Tariffs
FM Sitharaman Hits Out at Corruption in CBIC After Chennai Customs Bribery Case
26 Oct 25
UPI Festive Boom: Digital Payments Hit Record Rs 23.5 Lakh Crore in October 2025
Banking Laws (Amendment) Act, 2025: New Nomination Rules for Depositors Effective 1st Nov 2025
Taxpayers Struggle With Technical Glitches Despite MCA Deadline Extension
25 Oct 25
Gujarat HC: Statutory Interest Mandatory on IGST Refunds Delayed Beyond 60 Days
NASSCOM Flags GST Hurdle as Head-Office to Branch Transfers in IT Firms Get Taxed
Bombay HC: Authority Must Pay ?71.31 Lakh Interest on IGST/RCM Ocean Freight Refund
24 Oct 25
CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements
Banking Laws (Amendment) Act, 2025: New Nomination Rules for Depositors Effective 1st Nov 2025
MP HC: Appeal Filed Within Statutory Limit Can’t Be Time-Barred (Excluding Order Date)
Big Relief: Chhattisgarh HC Bars Coercive Action in Fake GST ITC Investigations if Taxpayers Cooperate
23 Oct 25
GST Rate Revisions and Weak US Generics Weigh on Pharma Q2 FY26 Performance
GSTN Enhances Payment Infrastructure with UPI and Card Integration Across 26 States
CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements
22 Oct 25
RBI Rate Cut Likely Before Year-End as GST Simplification Boosts Credit Outlook
GST Rate Cuts Show Impact: Prices of Daily-Use Items Fall Sharply, Says Finance Ministry
CBDT Sets New Record: 174 APAs Signed in FY25
21 Oct 25
Excel Utilities for ITR-1 to 7 for AY 2023-24 Released as per Finance Act, 2025
Union Ministers Highlight GST Bachat Utsav: Next-Gen GST Reforms Bring Major Relief to Consumers
MCA Extends No-Fee Filing Window for FY 2024-25 Annual Returns Till December 31, 2025
20 Oct 25
J&K HC: Late SCN Responses Must Be Considered Before Making GST Demand
Chennai ITAT: Non-Faceless Reassessment Notices Under IT Section 148 Not Valid
All Rules Under New Income Tax Law to be Notified by 31st December 2025
19 Oct 25
From 15CA to 27EQ – How TDS Software Handles All Forms
Allahabad HC: GST E-Way Bill Shown After Interception Cannot Revoke Seizure
GSTN Extends GSTR-3B Due Date for September 2025 to October 25, Citing Festive Season
15 Oct 25
Net Direct Tax Collections Rise 6.3% to Rs 11.89 Lakh Crore as of 12th October 2025
GST Exemption Boosts Sales of Health and Term Insurance Policies
Gujarat HC Directs CBDT to Extend ITR Due Date to Nov 30 for Audit Cases
CBDT Adds Tracking Feature for AO / CIT(A) Review of Submissions on e-Filing Portal
14 Oct 25
Bombay High Court Grants Interim Stay on 18% GST for Hotel Restaurants
Income Tax Portal Update: Taxpayers Can Now See When AO or CIT(A) Reviews Their Submissions
Delhi HC: DIN Field Now Mandatory in GST Petitions to Prevent Conflicting Judgments
13 Oct 25
Kerala HC: Printing Digital Content on Paper Attracts 18% GST, Not 12%
Cut 18% GST to Zero on Plastic Bottles, Industry Appeals to Govt.
GSTN Enables Filing of GSTR-9 and GSTR-9C for FY 2024-25
Delhi CM Clarifies ?694 Crore GST Refund for Small Businesses
12 Oct 25
AP HC: GST Proceedings Vitiated Without Mandatory Pre-SCN Under Rule 142(1A)
11 Oct 25
GSTN Issues Advisory for Taxpayers Facing Errors While Filing GSTR-7
ITAT Nagpur: Section 80P Deduction Can’t Be Denied Solely for Belated ITR Filing
Bombay HC: GST ITC Cannot Be Blocked Under Rule 86A If Credit Ledger Has Nil Balance
CJI B.R. Gavai: Senior Practitioner Appointments to ITAT Must Be On Time, Not at Career’s End

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
29 Oct 25 Filing of financial statements by Cos (Other than OPCs) for FY 2024-25 with the ROC. (30 days from AGM.)
29 Oct 25 Report on Annual General Meeting by Listed company when AGM held on 30 Sep. (within 30 days from completion of AGM).
29 Oct 25 Statement of Accounts and Solvency for 2024-25 to be filed by every LLP.
30 Oct 25 Half-yearly return by Nidhi Companies for April to September.
30 Oct 25 Issue of TCS certificate by All Collectors for September quarter.
30 Oct 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in September.
30 Oct 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in Sep. (Else TDS is to be deposited on annual basis by 30 April of next year.)
30 Oct 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for September.
30 Oct 25 Deposit of TDS on Virtual Digital Assets u/s 194S for September.
31 Oct 25 Specified Companies(receiving supplies from Micro & Small Enterprises whose outstanding dues exceed 45 days) to file details of all outstanding dues to Micro or Small enterprises suppliers for Apr to Sep. Details of even those MSME vendors to be given, to
31 Oct 25 Avail QRMP for Oct-Dec onwards.
31 Oct 25 TDS Statements for September quarter.
31 Oct 25 ?Furnishing declaration u/s 80GG in respect of the rent paid for residential accommodation (if the assessee is required to submit ITR by 31 Oct)
31 Oct 25 Furnishing of particulars for claiming relief u/s 89 (if assessee is required to submit return of income by October 31, 2025)
31 Oct 25 Filing of Income Tax returns by Cos, Partnership firms etc. (Audit applicable)
31 Oct 25 Filing of Tax Audit Report where due date of ITR is 31 Oct.
31 Oct 25 Filing of MAT/AMT Audit Report etc. where due date of ITR is 31 Oct.
31 Oct 25 Filing of Audit Report u/s 80JJAA(2) for additional employment where due date of ITR is 31 Oct.
31 Oct 25 Filing of other Audit Reports , where due date of ITR is 31 Oct.
31 Oct 25 Filing of Report u/s 92E for international transactions and specified domestic transactions.
31 Oct 25 Filing Tax Audit Report where due date of ITR is 30 Nov.
31 Oct 25 Filing MAT/AMT Audit Report etc. where due date of ITR is 30 Nov.
31 Oct 25 Filing Audit Report u/s 80JJAA(2) for additional employment where due date of ITR is 30 Nov.
31 Oct 25 Filing other Audit Reports where due date of ITR is 30 Nov.
31 Oct 25 Filing of Audit report by a fund or trust or institution or any university or other educational institution or any hospital or other medical institution?
31 Oct 25 Online Application by Domestic Co. (other than to whom transfer pricing provisions are applicable) for exercise of option u/s 115BAA (22% tax)
31 Oct 25 Online Application by new Manufacturing Domestic Co. (other than to whom transfer pricing provisions are applicable) filing ITR for first time, for exercise of option u/s 115BAB (15% tax).
31 Oct 25 Online Application by Individual/HUF carrying business / profession, for exercise of option u/s 115BAC(1), where due date of ITR is 31 Oct.
31 Oct 25 Online Application by resident co-operative society, for exercise of option u/s 115BAD(1) where due date of ITR is 31 Oct.
31 Oct 25 Statement of foreign income offered for tax for the previous year and of foreign tax deducted or paid on such income. (if due date of ITR is October 31).
31 Oct 25 Statement of tax deposited in relation to transfer of virtual digital asset u/s 194S by an exchange for September quarter.
31 Oct 25 Quarterly return of non-deduction at source by banks from interest on time deposit for September quarter.
31 Oct 25 E-filing of information of declarations in Form 60 received upto 30 Sep.
31 Oct 25 Statement of Financial Transactions by Depositories, Registrars & Share Transfer Agents for reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds for Apr-Sep.
31 Oct 25 Furnishing of Annual audited accounts for each approved programmes u/s 35(2AA).
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