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