USEFUL WEBSITES
INSURANCE COMPANIES IN INDIA
MIS
– Monthly Income Scheme by Post Office
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No deduction u/s 80C
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Maximum Deposit up to Rs. 3,00,000
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Rate of interest 8% p.a. (yield 9.65%) – TAXABLE – No TDS
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Interest is payable MONTHLY by opening a saving a/c with post
office
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Period of Investment – 6 years
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Additional Bonus 10% on maturity
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Premature withdrawal, if before 3 yrs then 3.5% amount
deducted
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Useful for aged person who wants monthly income
KVP – Kishan Vikas Patra by Post Office
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KVP – Kishan Vikas Patra by Post Office
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No deduction u/s 80C
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Money double in 8 yrs and 7 months
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Return on investment 8.41% appox. - TAXABLE –and No TDS
Premature
withdrawal, after 2 yrs and 6 months
