Post Office Deposit Rates ,Features & Tax Deduction

Post Office Deposit Rates ,Features & Tax Deduction

Kisan Vikas Patra

Intrest : Double in 8 yrs 8 months
Effective Intrest Rates : 8.41%
Min.Amount : Rs 100
Max.Amount : No Limit
Tax Breaks : None

Monthly Income Scheme

Intrest : 8% + 5% bonus at maturity
Tenure : 6 years
Min.Amount : Rs 1000
Max.Amount : Rs 4.5 lakh for single a/c
Rs 9 lakh for joint a/c
Tax Breaks : None

National Saving Certificate

Intrest : 8%
Effective Intrest Rates : 8.16% (semi annual compounding)
Tenure : 6 years
Min.Amount : Rs 100
Max.Amount : No Limit
Tax Breaks : None

Public Provident Fund

Intrest : 8%
Tenure : 15-16 years
Min.Amount : Rs 500
Max.Amount : Rs 70,000 p.a
Tax Breaks : Section 80C deduction

Recuring Deposit

Intrest : 7.5%
Tenure : 5 years
Effective Intrest Rates : 8.41%
Min.Amount : Rs 10
Max.Amount : No Limit
Tax Breaks : None

Senior Citizens Saving Scheme

Intrest : 9%
Tenure : 5 years
Min.Amount : Rs 1000
Max.Amount : Rs 15 lakh
Tax Breaks : Section 80 C deduction
Min. Age : 60 years