Small Savings: Take Your Pick

Small Savings: Take Your Pick
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Schemes Interest (%) Features Tax breaks
NSC 8.0 6-year tax-saver Sections 88 and 80L
PPF 8.0 15-year term, tax-free returns Section 88 benefit
Kisan Vikas Patra 8.4 Doubles in 8 years, 7 months None
POMIS 8.0 6-year term, bonus on maturity Section 80L benefit
Time Deposits 6.25-7.5 Available for 1, 2, 3, 5 years Section 80L benefits
Recurring Deposits 7.5 5-year tenure Section 80L benefit
GoI Taxable Bonds 8.0 6-year tenure None
GoI Tax-free Bonds 6.5 5-year tenure Tax-free income
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