Scheme | Interest (%)* | Tax breaks under | Features
| |
Post office schemes | ||||
National Saving Certificate** | 8.00 | Sec 88 and Sec 80L | Maturity: 6 Years | Min.Investment: Rs 100 |
Public Provident Fund*** | 8.00 | Sec 88 and Sec 10 | Maturity: 15 Years | Min.Investment: Rs 100 |
Monthly Income Scheme | 8.00 | Sec 80L | Tenure: 6 Years | Monthly returns: Bonus after 6 yrs |
Time Deposits | 6-25-7.50 | Sec 80L | Available for 1, 2, 3, 5 years | |
Recurring Deposits**** | 7.25 | Sec 80L | Tenure: 5 Years | Min. Investment: Rs 10 |
RBI funds | ||||
RBI Relief Bond | 7.00 | Tax-free | Tenure: 5 Years | Investment limit: Rs 2 lakh |
RBI Savings bond | 6.00 | Tax-free | Tenure: 6 Years | No investment limit |