Tuesday, 15 October 2013

Cheapest home loans

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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