Form1
Insurance Fixed Deposits Mutual Fund Wealth Management Forex Loans Tax corner Services Online Services News





 
 Welcome Guest,   Login   Forgot Password
     
Government Schemes
Fixed Interest Debt Instruments
Debt instruments are basically design to provide fixed rate of return for a fixed tenure. These instruments offer either regular/cumulative interest which is taxable unless expressly specified as tax free. Principal amount invested is also guaranteed at maturity by issuer(state/central govt., banks, etc.)Following are some vary popular schemes.
Recurring Deposit(RD)
 
1. Interest Rate 7.50%
2. No TDS (But interest is taxable as per individual's income slab)
3. Tenure 5 Years.
4. Premature closure after 3 Years.
5. One time withdrawal limited to 50% of balance amount.
6. Annual or Half yearly contribution eligible for discount.
7. 1000/- Contributed monthly grows to 72890/-at maturity.
Senior Citizen Saving Scheme (SCSS)
 
1. 9%p.a. Payable Quarterly.
2. Tenure 5 Years further can be renewed for 3 Years.
3. Premature Encashment available.
4. Max. Amount 15 Lacs.
5. Scheme available only for Citizens who are 60 Years and above.
6. Subject to TDS. Eligible citizens may submit 15H/15G (Citizens who are 65 Years & above use 15H others 15G)
7. PAN Card is Must. otherwise Use Form no.60
Public Provident Fund (PPF)
 
1. Current Interest @ 8%p.a. Credited to a/c every year.
2. Tenure 15 years blocks of 5 Years.
3. Limited withdrawal facility after 6th years.
4. Tax Free Returns
5. Max Amount Rs.70,000/- Per Financial Year. Min Amt. Rs.500/- P.F.Y.
6. Tax Rebate U/S 80C
Capital Gains
 
1. Tenur of 5 years.
2. Regular Interest /cumulative interest option.
3. Withdrawal after 3 years.
4. Only gain portion need to be invested.
5. Investment should be done within 6 months from gains.
6. Eligible schemes ( REC,NHB,NHAI,SIDBI ) either of these schemes are open for subscription.
Monthly Income Scheme (MIS)
 
1. Interest 8%p.a.Payable Monthly.(ECS facility available)
2. Tenure Of 6 Years.
3. Premature withdrawal Option after 1 year.
4. No TDS (But interest is taxable as per individual's income slab)
5. Max AMount.4.5 Lacs Single name/9 Lacs Joint Name.
National Savings Certificate(NSC)
 
1. Interest 8% compounded half-yearly.
2. Tenure of 6 Years.(Rs 10000 would become Rs.16010 at maturity)
3. Tax benefit U/S 80C upto Rs.100000/- (Also for accrued interest)
4. No TDS.(But interest is taxable as per individual's income slab)
5. Can be pledged for overdraft.
Time Deposit (TD)
 
1. Interest 6.25% to 7.50%p.a.
2. Interest payable annually but compounded quarterly.
3. Premature encashment possible.
4. Flexible Tenure 1,2,3,5 Years.
5. No TDS (But interest is taxable as per individual's income slab)
Kisan Vikas Patra (KVP)
 
1. Doubles Money in 8 Years 7 Months.
2. No Max. Limit on investments, No TDS.(But interest is taxable as per individual's income slab)
3. Premature withdrawal after 2 1/2 Years.
4. Certificates can be pledged for overdraft.
8% Savings Taxable Bonds
 
1. Interest @ 8%p.a. Payable Half-Yearly/Cumulative
2. No Premature option/No pledge facility
3. No TDS (But interest is taxable as per individual's income slab)
 

  01 Fund Comparison Asset Allocators
Financial Planning		 02 CNBC NDTV Profit 03 News Paper The Economic Times DNA Money
Business Standard Indian Express
The Financial Express		 04 FOREX

05 Commodity Market NCDEX MCX
Home | About Us | Registration | Career | Disclaimer | Feedback | Contact Us