Book your deposits before there is another reduction in interest rate by the government
With Indian government retaining the interest rate of small savings schemes at least till March 2017 post office deposits provide one of the best options under safer fixed income investments for you to lock in your fund at relatively higher interest rate for a long term.
While most of the banks have slashed their fixed deposit rates below 7% government'small savings schemes still offer better rates for different investment options. If you have surpluses waiting to be parked in safer fixed income investment option then these are your best bet.
This all in one table helps you understand analyse various investment options offered by the post office. It comprise all the popular savings options like National Saving Certificate (NSC), Kisan Vikas Patra (KVP), Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA), Time Deposits from 1 year to 5 years term and recurring deposits. Be it the interest rate, or how the interest on deposits are calculated or whether the investment has section 80C benefit or not and what are the withdrawal or foreclosure options.
With Indian government retaining the interest rate of small savings schemes at least till March 2017 post office deposits provide one of the best options under safer fixed income investments for you to lock in your fund at relatively higher interest rate for a long term.
While most of the banks have slashed their fixed deposit rates below 7% government'small savings schemes still offer better rates for different investment options. If you have surpluses waiting to be parked in safer fixed income investment option then these are your best bet.
This all in one table helps you understand analyse various investment options offered by the post office. It comprise all the popular savings options like National Saving Certificate (NSC), Kisan Vikas Patra (KVP), Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA), Time Deposits from 1 year to 5 years term and recurring deposits. Be it the interest rate, or how the interest on deposits are calculated or whether the investment has section 80C benefit or not and what are the withdrawal or foreclosure options.
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