SRI JAIN FINANCIAL CONSULTANCY

 NATIONAL SAVING CERTIFICATE   ( 5 years)

• NSC can be easily purchased at   Post Office through us at a fixed maturity period of 5 years. Interest rate is subject to periodic change as per Ministry of Finance announcements. Minimum amount required for an investment in National Savings Certificate is Rs. 500, while there is no maximum limit.

MONTHLY INCOME SCHEME  ( MIS )

• The Post Office Monthly Income Scheme (POMIS) is a Government of India backed small savings scheme that allows the investor (s) to set aside (save) a specific amount every month. Subsequently, interest is added to this investment at the applicable rate and paid out to the depositor(s) on a monthly basis.

TIME DEPOSIT.  ( T D 1, 2, 3 & 5 YEAR )

• Post Office Time Deposit Scheme provides guaranteed return on investment. 5 Year Time Deposits qualify for tax deduction under Section 80C of the Income Tax Act. ... The investments are quite flexible and be made with an amount as low as Rs. 500 and with no maximum investment limit.

• Kisan Vikas Patra (KVP) is a savings scheme available at India Post Offices in the form of certificates. It is a fixed rate small savings scheme designed to double your investment after a predetermined period of time (124 months in the currently available issue)

RECURRING DEPOSIT ( 5 YEARS)

• Post office RD is basically a monthly investment for a fixed period of 5 years with a interest 5.8% As on july 2020  can be extended for further 5 years. (compounded quarterly). On completion of the fixed tenure of five years, RD account with Rs. 10,000 invested every month will fetch you Rs. 6,96,970/-