S.K.Agarwal
( FCA , ACS , DISA , AMIMA )
87, First Floor, Gagan Vihar Ext. New Delhi -110051
Helpline No. : +91-9212406010
Ph. No. : +91-11-22050800 / 10 / 50
Email : ca.skagarwal@gmail.com
Website : www.agarwaltaxcon.com

Investments/ Insurance


Investments


Useful Websites



MIS - Monthly Income Scheme by Post Office


  • No deduction u/s 80C
  • Maximum Deposit up to Rs. 3,00,000
  • Rate of interest 8% p.a. (yield 9.65%) - TAXABLE - No TDS
  • Interest is payable MONTHLY by opening a saving a/c with post office
  • Period of Investment - 6 years
  • Additional Bonus 10% on maturity
  • Premature withdrawal, if before 3 yrs then 3.5% amount deducted
  • Useful for aged person who wants monthly income

KVP - Kishan Vikas Patra by Post Office


  • KVP - Kishan Vikas Patra by Post Office
  • No deduction u/s 80C
  • Money double in 8 yrs and 7 months
  • Return on investment 8.41% appox. - TAXABLE -and No TDS
  • Premature withdrawal, after 2 yrs and 6 months