A-Comparison of SB interest
on Investment of a sum of Rs.60,000/- for Maturity
period
|
Sr. |
Scheme |
Maturity period |
Rate of Intt |
Annual Intt/PM intt |
Amt of Intt |
Total Amount after
maturity |
Income Tax Concession |
Remarks |
|
1 |
1 Yrs TD |
1 Yr |
6.25% |
3838.810pa |
3838.810 |
63,838.810 |
No |
Intt
calculated- compounded on quarterly basis. Intt will be paid annually |
|
2 |
2Yrs |
2 Yrs |
6.5% |
3996.097 |
7992.19 |
67,992.19 |
No |
Intt
calculated- compounded on quarterly basis. Intt will
be paid annually |
|
3 |
3Yrs |
3 Yrs |
7.25% |
4469.701 |
13409.10 |
73,409.10 |
No |
Intt
calculated- compounded on quarterly basis. Intt will
be paid annually |
|
4 |
5 yrTD |
5 yr |
7.5% |
4628.152
pa |
23140.76 |
83140.76 |
No |
Intt calculated-
compounded on quarterly basis. Intt will
be paid annually |
|
5 |
MIS |
6 yr |
8% |
400 pm |
28,800.00 |
91,800.00 |
No |
Intt
calculated annually Intt paid
monthly |
|
|
|
|
|
|
36,403.20 |
96,956.00 |
No |
If monthly
intt is reinvested in RD on auto credit system on request basis. |
|
6 |
SCSS |
5 yr |
9% |
1,350 per
qtr |
27,000.00 |
87,000.00 |
No |
Intt
calculated annually and payable quarterly. Applicable only for Senior
Citizen. |
|
7 |
RD |
5 yr |
7.5% |
|
12,890.00 |
72,890.00 |
No |
For Deno
Rs.1000/- Intt calculated on compounded quarterly basis. Monthly deposit
Rs.1,000/- |
|
8 |
KVP |
8 yr 7 month |
|
|
60,000.00 |
1,20,000.00 |
No |
Amount
doubles the investment after maturity period. |
|
9 |
NSC |
6 yr |
|
|
36,060.00 |
96060.00 |
Yes |
Investment
amt will qualify for tax deduction. |