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In today's global market a lot of instruments for investment are available. Every instrument has its own distinct features viz, Interest rates, Tax benefits etc.

This article helps you all in selecting and investing in different Fixed Income Instruments.

I am not going into detail as every one of you knows about them and i am just making a comparison on them to reach at  conclusion in short.

  Public Provident Fund
National  Saving Certificate
Kisan Vikas Patra    
Monthly Income Schemes
Post Office Term Deposits
Bank Term Deposits
Interest Rate
8%
8%
8.40%
8%*
6.25%-7.50%
6%-7.75%**
Interest payout
Yearly
Hyly
Qtrly
Monthly
Qtly
Qtly/Hyly/Yrly/On Maturity
Tenure
15 Yrs.

6 Yrs.

8 Yrs. 7 Months
6 Yrs.
1-5 Yrs.
15 days-10 Yrs.
Minimum Investment
Rs. 500 every year
Rs. 100
Rs. 100
Rs. 1500
Rs. 200
Rs. 100
Maximum Investment
Rs. 70000

No Limit

No Limit Rs. 4.5 lakh***
No Limit No Limit
Premature Withdrawl^
Allowed
Not Allowed Allowed Allowed Allowed Allowed
Tax Benefit
Under 80C
Under 80C Not Available
Not Available
Under 80C Under 80C****
Tax On Interest Income
Tax Free

Taxable

Taxable Taxable Taxable Taxable#

* Additional 5% Bonus on maturity.

** Rate for deposits maturing within 3-5 yrs. for major banks.

*** In case of individual and 9 lakh if hold jointly.

**** If the maturity period of term deposit is 5 yrs. and above.

^ It fetches some cost either in the form of deduction in principal amount or reduction in interest income.

# TDS is cut above Rs. 10,000 in case of bank FD's while no TDS is cut for rest all.

HOPE U LIKE IT.

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Category Taxpayers, Other Articles by - NUKUL GARG 



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