|
|
Scheme
Name
|
Returns
|
Min
/ Max
Amount (Rs.)
|
Liquidity
|
Tax
Benefits
|
|
National
Savings Certificate
|
8.0%
|
100
/
No Limit
|
No
premature withdrawal.
|
u/s
88
u/s 80L
|
|
Public
Provident Fund
|
8.0%
|
500
/
70,000
|
Maturity
is 15 years; loan available after 3rd year onwards upto max of
25% of balance at the end of preceding year. Part withdrawal
allowed after 7 years.
|
u/s
88
u/s 10
|
|
Kisan
Vikas Patra
|
Doubles
money in 8 years and 7 months
|
100
/
No Limit
|
Premature
withdrawals allowed.
|
NIL
|
|
Post
Office Monthly Income Scheme
|
8.0%
|
1,000
/
3,00,000
|
No
withdrawal before 1 year & on withdrawals between 1 to 3
years,
5% of principle is deducted. No bonus in such cases.
|
u/s
80L
|
|
Post
Office Savings Deposit *
|
3.5%
|
20
/
100000 **
|
Withdrawal
anytime without notice.
|
NIL
|
|
Post
Office Time
Deposit***
|
6.25
to
7.50%
|
50
/
No Limit
|
No
interest is paid if withdrawn between 6 months to 1 year.
Penal interest of 2% deducted if withdrawn after 1 year from
date of deposit.
|
u/s
80L
|
|
Post
Office Recurring Deposit
|
Maturity
Value of Rs. 10 Deposited Rs. 728.90(Deposit to be made every
month)
|
10
/
No Limit
|
Amount
can be withdrawn after three years at interest rate calculated
as per rules.
|
u/s
80L
|
|
|
* Returns of individual / Joint and group accounts.
** Maximum amount for joint account is Rs. 2,00,000/- and no limit
on institutional account.
*** Deposit scheme with duration of 1,2,3,5 years available.
|
|
|
