SENIOR CITIZENS' SAVING SCHEME
As mentioned earlier, this is the best tax-saving instrument for retirees.
At 9.3%, it also offers the highest interest rate among all Post Office schemes. The tenure of the scheme is five years, which is extendable by another three years. The interest is paid out in quarterly tranches on fixed dates, irrespective of when you invested. However, there is a `15 lakh overall investment limit per individual.
Also, the scheme is open only to investors above 60. In some cases, where the investor has opted for voluntary retire ment and has not taken up another job, the minimum age is relaxed to 58 years. There is also no age bar for defence personnel. They can invest in the scheme even before 60 as long as they satisfy the other requirements.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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