Do you Agree that Traditional deposits In
Small savings Schemes (Post Office) and
Bank FDs are worth to invest?
Let's Find it out!
With an example
Let's say you have invested 1,00,000 in any of the post office schemes and Bank FD with
the ongoing interest rate, with a tenure for 60 months(5years).
MIS+RD combination instrument and NSC gave a decent returns, follows by Bank Fixed Deposit. But
Only NSC has a tax benefit of upto 1.5Lacs. Though Post Office Term
Deposit has a Tax Benefit but the return you get on PO Time/Term
Deposit is less compared to NSC.
Do you really think the interest rate at which you invest and the real
rate of return or effective returns are the same? Absolutely not, it's a
bit higher than the interest rate .
Why?
Thanks to Compounding!
But there are other financial instruments where you get higher returns with tax benefits
which is even better than NSC. Want to know more about it?
For more information, download the file below.
Click the link below to view the file:
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