Key Points
Post Office Savings Schemes Calculator: Small savings schemes are a popular investment avenue for those looking for a sovereign backed option with guaranteed returns..
From Public Provident Fund, Sukanya Samriddhi Yojana and Kisan Vikas Patra to Senior Citizen Savings Scheme, Monthly Income Scheme and National Savings Certificate, TOI with its knowledge partner FinFix, takes a look at some post office small savings schemes to calculate how much you can earn from them and whether the proceeds are taxable or not..
Kisan Vikas Patra Calculator: According to FinFix, at the current interest rate of 7.50% for the April-June 2024 quarter, a Rs 1 lakh investment in KVP, will double in 9 years and 7 months to Rs 2 lakh..
National Savings Certificate Calculator: According to FinFix, at the current interest rate of 7.7% for the April-June 2024 quarter, an investment of Rs 50,000 in NSC would yield a maturity amount of Rs 72,452/- after 5 years...
Sukanya Samriddhi Yojana Calculator: According to FinFix, at the current interest rate of 8.20% for the April-June 2024 quarter, a maximum amount of Rs 1.5 lakh invested annually in Sukanya Samriddhi Yojana for 15 years will yield Rs 71,82,119/- at the time of maturity after 21 years..
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