POMIS Account

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The new interest rate of 7.8 percent on Post Office Monthly Income Scheme (POMIS) will be applicable on accounts opened in the quarter starting from April 1 to June 30

 The new interest rate of 8.6 per cent on Senior Citizen Savings Scheme (SCSS) and 7.8 percent on Post Office Monthly Income Scheme (POMIS) will be applicable on accounts opened in the quarter starting from April 1 to June 30 2016. The interest rate remains fixed on existing accounts -- 9.3 percent on SCSS and 8.4 percent for POMIS.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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