| Rate of Return | 4.50 % per annum |
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| Liquidity | Can be withdrawn at any time without any notice | ||
| Tax Consideration | a) Interest on Post Office schemes tax free U/S 10(15)(i) | b) Interest on Bank deposit is tax free upto maximum stated U/S 80L | |
| Other Details | Can be opened in the name of Minors/Cheque facility available Nomination facility available |
| Rate of Return | 9 to 11.50% per annum(depends on trnure of deposit) |
| Liquidity | 1 or 2 % low rate of interest paid if drawn pre-maturely |
| Tax Consideration | Interest on deposit is tax free upto maximum stated U/S 80L |
| Other Details | Can be opened in the name of Minors/Cheque facility available Nomination facility available/No TDS |
| Rate of Return | 11.50 % per annum |
| Liquidity | lower Interest on early withdrawals |
| Tax Consideration | Interest on Bank deposit is tax free upto maximum stated U/S 80L |
| Other Details | Can be opened in the name of Minors/Cheque facility available Nomination facility available/No TDS |
| Rate of Return | 11.00 % per annum | ||
| Amount of Investment | Min. Rs.100 & Max. Rs.60000/- | ||
| Liquidity | Scheme for 15 Years - No withdrawals before 7th year - one withdrawals per annum after 7th year | ||
| Tax Consideration | a) Interest on schemes is fully tax free | b) Deposit amount is eligible for deduction U/S 88 | |
| Other Details | Can be opened in the name of Minors/NRI can open A/C/ Nomination facility available/period can be extended for 5 years/maximum one deposit per month |
| Rate of Return | 11.00 % per annum | ||
| Amount of Investment | Min. Rs.100 & Max. No limit | ||
| Liquidity | Scheme for 6 Years - No withdrawals before maturity | ||
| Tax Consideration | a) Interest on schemes is tax free as per section 80L | b) Deposit amount is eligible for deduction U/S 88 | |
| Other Details | Can be opened in the name of Minors/No TDS/ Nomination facility available/can be purchased in minor's name/can be pledged as security for loan |
| Rate of Return | 11.25 % per annum(Doubles in 6 years) | |
| Amount of Investment | Min. Rs.100 & Max. Any amount | |
| Liquidity | Scheme for 6 Years - No premature encashment | |
| Tax Consideration | a) Interest carry no Income Tax benefits | |
| Other Details | Can be purchased by any body/bearer encashment/No TDS Nomination facility not available/loan can be taken against security |
| Rate of Return | 11.25 % per annum(Doubles in 6 years) | |
| Amount of Investment | Min. Rs.100 & Max. Any amount | |
| Liquidity | Scheme for 6 Years - Permissible premature encashment | |
| Tax Consideration | a) Interest carry no Income Tax benefits | |
| Other Details | Can be purchased by any body/NO TDS Nomination facility available/loan can be taken against security |
