Big Cuts In Small Savings

Updated on: 7 February 2024 7:02 pm

	Interest (%)	Tax breaks available		Return in 10% slab (%)		20% slab (%)		30% slab (%)
		Old	News	Old	New	Old	New	Old	New
NSC	8.00	Secs 88, 80L	Sec 80C	11.7	10.5	10.2	9.3	9.6	8.2
PPF	8.00	Sec 88, tax-free	Sec 80C, tax-free	8.9	8.9	10	10	9.4	11.4
MIS	8.00	Sec 80L	None	9.3	8.5	9. 3	7.8	9.3	7.0
3-year time deposit	7.25	Sec 80L	None	7.43	6.68	7.43	5.93	7.43	5.2
Recurring deposit	7.50	Sec 80L	None	7.7	6.92	7.7	6.14	7.7	5.4
KVP	8.24	None	None	7.4	7.4	6.5	6.5	5.7	5.7
Senior Citizens Scheme	9.00	None	None	8.1	8.1	7.2	7.2	6.3	6.3

All return figures are post-tax; The effective return for NSC and PPF is over one year; for others, it is over their respective tenures