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| Scheme |
Interest (%) |
Minimum
Investment (Rs) |
Maximum
Investment (Rs) |
Features |
Tax Breaks |
| National Savings Certificate |
8.00 a |
100 |
No limit |
6-year tenure |
Section 80C benefit |
| Public Provident Fund |
8.00 b |
500 |
70,000 |
15-year term;
tax-free returns |
Section 80C benefit |
| Kisan Vikas Patra |
8.41 b |
100 |
No limit |
Money doubles in 8
years, 7 months |
No tax benefit |
| Monthly Income Scheme |
8.00 |
1,000 |
Single A/c: 3 lakh
Joint A/c: 6 lakh |
6-year tenure;
monthly returns;
bonus after 6 years |
No tax benefit |
| Time Deposits |
6.25-7.50 |
200 |
No limit |
Available for 1, 2, 3, 5 years |
No tax benefit |
| Recurring Deposits |
7.50 c |
10 |
No limit |
5-year tenure |
No tax benefit |
| Senior Citizens Saving Scheme |
9.00 d |
1,000 |
15 lakh |
5 year tenure;
minimum age 55;
also available with
public sector banks |
No tax benefit |
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| Sec 80C benefit : Investments up to Rs 1 lakh in specified securities (maximum of Rs 70,000 in PPF) qualify for deduction.
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| a Compounded half-yearly |
b Compounded yearly |
| c Compounded quarterly |
b Compounded yearly |
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