Post office investment under 80c

Trump repeats call for Fed to lower interest rates, boost quantitative easing. A post office offers various types of deposit schemes to the investors. On maturity, the proceeds from the PPF are also tax-free.

Other Investment Options under Sec 80C

These funds are specially designed to give you dual benefit of saving kffice and getting higher returns on investment. Tax-saving FDs are like regular fixed deposits but come with a lock-in period of 5 years and tax break under Section 80C on investments of up to Rs 1. Rate of Interest : FD interest rate across different banks ranges from 5. PPF are long term investments backed by government of India. Eligibility : Can be opened by Resident Indian individuals, salaried and non-salaried individuals. Liquidity: PPF account have lock-in period of 15 years, but can be further extended by 5 years. Partial withdrawals are allowed investmennt 7 years.

The USP of these schemes is their sovereign guarantee. Some of these schemes also offer tax-saving benefits under section 80C of the Income-tax Act.

Tax Saving Plan. Young India Plan. Updated on Nov 27, — PM. In this article, we will cover various options of the Post office investment schemes and their benefits. The Post Office Saving Schemes include a bucket list of products that offer reliability and risk-free returns on investment.

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Tax Saving Plan. Young India Plan. Updated on ;ost 27, — PM. In this article, we will cover various options of the Post office investment schemes and their benefits. The Post Office Saving Schemes include a bucket list of products that offer reliability and risk-free returns on investment.

Such security and returns are perks one mostly associates with a central undeg savings portfolio. These schemes are operated via 1. Take for instance the PPF scheme; Post office investment under 80c is operated via branches of public sector banks in addition to the post offices in each city. Fourth Year — 7. Compounded Annually Rs per financial year Rs 1. The saving schemes are easy to enrol in and are best suited for the rural and as well as the urban investor, anyone who wants to hedge the risk in the portfolio for a fixed decent return.

Their simplicity and availability make these a much-preferred savings option. Limited documentation and proper procedures in post office ensures that these saving schemes are simple to opt for and safe to be locked onto as they are also backed by post office investment under 80c government. The investments in the Post Office Schemes are more forward-looking and long-term oriented with the investment period extending up to 15 years for a PPF account.

This acts as a huge help in investmetn and pension planning. Most of these schemes carry with them tax rebates under Section 80C for the deposit. There is a minimal amount of risk involved as this is an undertaking by the Government of India. There is a wide range of products based on different types of individuals. The government has made these small savings schemes available via offive offices to provide unver safe investment avenue for the public. By giving them good returns while keeping their money safe, these ogfice are easy to manage.

If the features and benefits iterated ofdice meet your financial goals, invest in a post office savings scheme to secure investtment financial future at minimal risk.

Get App Products IT. About us Help Center. Log In Sign Up. Invest Now. Compare features of different saving schemes by the Post Office? What are the unique benefits under post office investment- saving schemes? Download ClearTax Invest App. Tax free Interest up to Rs 50, from financial year First year — 6. Second year Third Year — 6. For one account holder Rs 4. Tax rebate under section 80C for deposits maximum Rs 1.

Interest is taxable but ooffice tax on the amount received on maturity. Girl Child — up to 10 years from birth and 1 additional year of grace. Investment up to Rs 1.

Payments for saving taxes under Sec 80C

Choose accordingly. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. The investment amount, the interest earned and maturity amount are exempted from tax. An individual cannot invest more than Rs. Click here to know about lesser known facts about PPF. Time Deposit. The Senior Citizen Savings Scheme currently pays interest quarterly at the rate of 8. Liquidity : One may exit after 5 years subject to conditionsavail a loan from 4th year, make partial withdrawals after 7th year. Interest rate : 8 percent per cent per annum, compounded annually and paid on maturity January 1 to March 31, Personal Finance News. Post office savings account Like a bank savings account, one can also open a savings account with a post office and interest is paid on the post office investment under 80c in the savings account by the post office. All the post office schemes are sovereign backed investments wherein the principal invested and the interest earned are guaranteed by the government. Deposits above Rs 1 lakh will be accepted via cheque .