Schemes   The most popular & attractive schemes  are as follows:  1) Five year RD Scheme 2) Monthly Income Scheme 3) Public Provident Fund 4) NSC VIII issue  5) Kisan Vikas Patra. 1)Five Year Recurring Deposit Scheme a) An account can be opened in multiple of Rs.5 & minimum monthly deposit is Rs.20. b) An account can be opened of any post office & can be transferred from one post office to another anywhere in India. c) One can open more than one account. d) Nomination facility is available. e) Automatic deductions are made at the source by employer on the consent of the employer through MPKBY agent. Who will collect the amount from depositor every month & deposit it in the post office. f) The account can be opened on behalf of a minor & operated either  by mother or father. g) One can get rebate rupees one on 6 advance deposits & rupees  four on 12 advance deposits of an account of R.10/- denomination. h) An insurance like benefit is available on the up to denomination of Rs.50/-. i) Account can be continued up to ten years. 2) Monthly Income Scheme  This scheme is very popular & useful for the retired persons who want monthly income. A) 8% interest is paid every month. B) Minimum deposit is Rs. 1000 & its multiples of maximum Rs.3 Lakhs  to a single holder account & Rs.6 Lakhs to a joint holder account. C) Maturity period is 6 years. D) Nomination facility is available. E) 10% additional bonus on maturity. F) Transfer facility to any post office. G) One can close the account after completion of one year. H) TDS is not deducted either from the interest or capital. 3) Public Provident Fund It is a unique scheme which provides free interest -8% per annum. This scheme is ideal for people in different income groups. A) It is an annuity of 15 financial years but the account can be extended beyond 15 years. B) Minimum amount of Rs.500/- is to deposited in a financial year. Maximum amount that can be deposited is Rs.70,000/-. C)  Nomination facility is available. D)  Subscribers can avail of refundable loans & non-refundable with drawls.    4) KVP NSC VIII issue & time deposits Apart from these above schemes KVP NSC VIII issue & time deposits  are well known & beneficial schemes of post office. Money has to be saved from existing incomes, in spite of difficulties, for our own futures needs. The truth now with determination, by saving small amount every month, you can mould year future & become happy & prosperous. 5) Pension Plan Deposit Rs.10,000/- every year for 16 years & get Rs.2020/- every month through the PPF plan. The plan is follows.   Amount every month   Total amount in 16 years   Interest 8%  compound Total amount at the end of 16 years 500 9600 93830 189830 600 115200 112596 227796 700 134400 131362 265762 800 153600 150128 303728 900 172800 168894 341694 1000 192000 187660 379660 Essential Documents & Conditions for different agencies No Details SAS agency MPKBY agency PPF agency 1 To mortgage agents NSC issue. Rs.2000/- Rs.1000/- Rs.2000/- 2 Two individual guaranteers in given proforma Each guaranteers of Rs.25000/- Two guaranteers. Each guaranteer of Rs.10,000/- Two guaranteers. --- 3 Educational Qualifications. 12th or equivalent exam passed in urban /municipal area 10th pass for other area mark list & certificate must produce 12th or equivalent exam passed in urban /municipal area. 10th pass for other area mark list & certificate must produce 12th or equivalent exam must pass for urban & rural areas. Mark list & certificate must produce. 4 Passing certificate of Small Savings agent exam passing certificate of Small Saving agent exam passing certificate of Small Saving agent exam passing certificate of Small Saving agent exam 5 Character & conduct Certificate. Gazetted officer, Head master of middle school, principal of the college. Certificate in prescribed proforma from any two of the above mentioned authorities. 6 Residential address Has to submit either a ration card, his own telephone bill, light bill or income tax receipt. 7 Age proof Has to submit as attested true copy of either 10th pass certificate, birth certificate or Tc. 8 Guarantee letter. Signature & stamp of the concerned officer on the 20 rupee stamp paper. It is a must for all type agencies. 9 Photo Each agency needs 4 photos. 10 Change of name of the married woman Has to submit either marriage certificate a copy of government gazet of changing the name or guarantee on 20 rupee bond paper. 11 Minimum Investment 25 lakhs in Mumbai, Thane & Pune every year 10 lakhs in other areas 10000/-in municipal areas every month & 5000 in other areas 50 new accounts every year in municipal areas 30 in other areas. Every year world economy day is celebrated in collector office to enlighten the significance of Small Savings in the life of human beings & encourage the depositors & agents. Small Savings officers conduct the training camps for all the agents under the guidance of the collector to make them aware about the changing rates of the different schemes of the Small Savings, banks & LIC.