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Smart Savers: #6 Kisan Vikas Patra

Thursday, April 6, 2017, 10:00 AM

Kisan Vikas Patra is an instrument on which fixed interest is paid by the government. This instrument is sold by the Government and can be purchased through any Post Office. The principal amount invested in KVP will be doubled in a time of 8 years and 4 months or 100 months. Kisan Vikas Patra offers an interest of 7.6% per annum.
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Smart Savers: #5 National Savings Certificates

Thursday, April 6, 2017, 9:44 AM

National Savings Certificates is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India. The maturity date for these certificates is set to 5 or 10 years from the date of purchase, but the interest is calculated on yearly basis. This interest will not be paid to the certificate holder till such time as the investment matures.
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Smart Savers: #3 Save tax through Public Provident Fund

Monday, April 3, 2017, 7:56 AM

The Public Provident Fund (PPF) Scheme is a tax-free savings scheme that was introduced in the year 1968 by the Ministry of Finance (MoF) in India. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions. This makes the PPF Scheme one of the most tax efficient instruments in India.

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