The Interest Rates structure will be as under:
DEPOSIT (SCUF) NORMAL SCHEME (W.E.F. 1st Sept 2015) | ||||||
| Non cumulative Deposits | Cumulative Deposit | ||||
Period (months) | Monthly % p.a | Quarterly % p.a | Half yearly % p.a | Yearly %p.a | Effective Yield % p.a | maturity value for Rs 5000/- |
12 | 8.65 | 8.71 | 8.81 | 9.00 | 9.00 | 5,450 |
24 | 8.65 | 8.71 | 8.81 | 9.00 | 9.41 | 5,941 |
36 | 8.88 | 8.95 | 9.05 | 9.25 | 10.13 | 6,520 |
48 | 8.88 | 8.95 | 9.05 | 9.25 | 10.62 | 7,124 |
60 | 8.88 | 8.95 | 9.05 | 9.25 | 11.13 | 7,783 |
Additional Interest for Senior Citizen Deposits has been reintroduced and will be 0.25%. The senior citizen benefit will be based on effective date /date of deposit. The investor must be /should have been a senior citizen on the date of deposit to get the benefit of senior citizen rate.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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