Saturday, January 24, 2009

Guaranteed return funds which qualify under sec 80C for Income tax exemption in India



Name/Type of fundLock in period (in years)Returns on Investment per annum (%)Tax on returns of investment

Employers Provident fundTill retirement8.5No

Public Provident fund158 %No

National Savings Certificate68Yes

Bank Fixed Deposit58.5Yes

Post Office Time Deposit57.5Yes

Senior Citizens Savings scheme59Yes



Note: The rate of returns, or any other info given in this page might be changed. Please confirm it before investing.

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I am a Software Engineer based in Chennai, India. My hobbies are blogging, driving. You can contact me here, http://sameerbloggs.blogspot.com/2009/03/contact-me.html

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Disclaimer: All the information given in this blog is only my ideas and knowledge what I got from internet or other sources. For any interest rate, charges etc check the particular service as the charge might have changed. Regarding the intraday trading tips, this is applicable for that day only and also shouldn't be taken as advice. All the actions taken by you is responsible by you only. Thanks.

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