| Scheme Name |
Returns |
Min / Max
Amount (Rs.) |
Liquidity |
Tax
Benefits |
| National
Savings Certificate |
9.0% |
100 /
No Limit |
No premature withdrawal. |
u/s 88
u/s 80L |
| National
Savings Scheme |
8.5% |
100 /
No Limit |
First 4 years no withdrawal; account can be closed after 4
years. |
u/s 88
u/s 80L |
| Public
Provident Fund |
9.0% |
100 /
60,000 |
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 7 years and 8 months |
100 /
No Limit |
Premature withdrawals allowed. |
NIL |
| Post
Office Monthly Income Scheme |
9.0% |
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*** |
7.25 to
8.5% |
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No interest is paid if withdrawn between 6 months to 1 year.
Penal interest of 2% deducted if withdrawn after 1 year from date of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 |
9.0% |
10 /
No Limit |
Amount can be withdrawn after three years at interest rate
calculated as per rules. |
u/s 80L |
| Deposit
Scheme for Retiring Government Employees |
8.0% |
1000 /
Cannot exceed total
retirement
benefits |
Entire balance or part thereof can be withdrawn after
the expiry of three years from the date of deposit. Only one
withdrawal in multiples of Rs. 1000/- can be made in respect of
deposit in a calender year. Premature withdrawal allowed after one
year, subject to conditions. |
u/s 10 |
| Deposit
Scheme for Retiring Public Sector Employees |
8.0% |
1000 /
Cannot exceed total
retirement
benefits |
u/s
10 |
Home
Page of Nilopam Sikder