|
10 YEARS
|
20YEARS
|
||
|
Up to Rs.10 lakh
|
Interst rate(%)
|
|
Interst rate(%)
|
|
Canara Bank
|
9.95
|
Canara Bank
|
9.95
|
|
State Bank of India
|
10.05
|
State Bank of India
|
10.05
|
|
Allahabad Bank
|
10.20
|
Allahabad Bank
|
10.20
|
|
Axis Bank
|
10.25
|
Axis Bank
|
10.25
|
|
Bank of Broda
|
10.25
|
Bank of Broda
|
10.25
|
|
Up to Rs.30 lakh
|
|
|
|
|
Canara Bank
|
9.95
|
Canara Bank
|
9.95
|
|
State Bank of India
|
10.05
|
State Bank of India
|
10.05
|
|
Allahabad Bank
|
10.20
|
Allahabad Bank
|
10.20
|
|
Bank of Broda
|
10.25
|
Bank of Broda
|
10.25
|
|
Bank of India
|
10.25
|
Bank of India
|
10.25
|
|
Postal deposits
|
Interest
rate(%)
|
Minimum Invt.
|
Maximum Investment
|
Features
|
Tax benefits
|
|
monthly Income Scheme
|
8.40
|
1,500
|
Single 4.5 lakh
|
5 year tenure; monthly returns
|
Nil
|
|
Joint 9 lakh
|
5 year tenure; monthly returns
|
Nil
|
|||
|
Recurring Deposits
|
8.30
|
10
|
No Limits
|
5 year tenure
|
Nil
|
|
Saving account
|
4.00
|
50
|
No Limits
|
Rs.10,000 interest tax free
|
Nil
|
|
5-year NSC-Issue VIII
|
` 8.50
|
100
|
No Limits
|
No TDS
|
80c
|
|
10-year
NSC Issue IX
|
8.80
|
`100
|
No Limits
|
TDS applicable
|
80c
|
|
Time Deposit
|
8.20-8.40
|
200
|
No Limits
|
Available in 1,2,3,5 years
|
80c
|
|
Senior Citizen Saving Scheme
|
9.20 Payable quarterly
|
1,000
|
15 lakh
|
5 year tenure; minimum age 60
|
80c
|
|
Public Provident Fund
|
8.70
|
500
|
1 lakh year
|
15- year term; tax- free returns
|
80c
|
|
Employee’s Provident Fund
|
8.50
|
|
|
Till retirement
|
80c
|
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