D-Comparison
of SB interest on Investment of a sum of Rs.60,000 for
a fixed period of 8 year
|
Sr |
Scheme |
Rate of Intt |
Annual Intt/PM intt |
Amt of Intt |
Total Amount after maturity |
Intt for remaining period on reinvestment |
Amt after eighth years |
Remarks |
|
1 |
MIS |
8% |
400 pm |
28,800.00 |
91,800.00 (after 6
yrs) |
12,227.76 (for 2
yrs) |
1,04,027.76 |
|
|
|
|
|
|
36,403.20 |
99,403.20 (after 6
yrs) |
13,240.50 (for 2
yrs) |
1,12,643.70 |
If monthly
intt will reinvest in RD on auto credit system on request basis. |
|
2 |
PPF |
8% |
|
51,055.80 (for 8
yrs) |
111,055.80 |
- |
1,11,055.80 |
For one
time invest of Rs.60, 000/-. Without taking any withdrawal. |
|
3 |
SCSS |
9% |
1,350 per
qtr |
43,200 (for 8
yrs) |
103,200.00 |
|
103,200.00 |
For Senior
Citizen only. SCSS account can be extended up to ten years. |
|
4 |
KVP |
|
|
- |
- |
- |
1,11,000.00 |
1,20,000/-
on maturity 8 yrs 7 months |
|
5 |
NSC |
|
|
36,060.00 |
96,060.00 (after 6
yrs) |
12,795.20 (for 2
yrs) |
1,08,855.20 |
|