C-Comparison
of SB interest on Investment of a sum of Rs.60,000 for
a fixed period of 6 year
|
Sr. |
Scheme |
Rate of Intt |
Annual Intt/PM intt |
Amt of Intt |
Amount at the end of sixth year |
Income Tax Concession |
Remarks |
|
1 |
MIS |
8% |
400 pm |
28,800.00 |
91,800.00 |
No |
Intt
calculated annually Intt paid
monthly |
|
|
|
|
|
36,403.20 |
99,403.20 |
No |
If monthly
intt will reinvest in RD on auto credit system on request basis for 6 yrs. |
|
2 |
PPF |
8% |
|
35,212.46 |
95,212.46 |
Yes. |
Investment
amt will qualify for tax deduction. For one time invest of Rs. 60,000/- but
without any withdrawal |
|
3 |
SCSS |
9% |
1,350 per
qtr |
32,400.00 |
92,400.00 |
No |
Intt
calculated annually and payable quarterly. |
|
4 |
KVP |
|
|
32,598.00 |
92,598.00 |
No |
Normal
maturity period of KVP is 8yr & 7months. |
|
5 |
NSC |
|
|
36060.00 |
96,060.00 |
Yes |
Investment
amt will qualify for tax deduction. |