START SMART INVESTMENT

There are various avenues of investments. Don’t forget to cut and keep these tips from  V. Mahadevan, CEO of Wealth Advisors India Pvt. Ltd., Chennai. Later on, a run through will provide you with enough information to plan your investments. You can also send in queries regarding investments to editor@evestimesonline.com. Investigate and invest.

Post Office Monthly Income Scheme

Safest Investment Option Guaranteed Interest for the entire tenure Interest @ 8% payable Monthly Maturity Bonus @ 10% at the end of 6th Year Duration of Investments – 6 Years Minimum Amount of Investment – Rs.6000 Maximum Amount of Investment – Rs.3,00,000 (single) Maximum Amount of Investment – Rs.6,00,000 (joint) Nomination Facility Available Interest & Bonus will be eligible for exemption u/s 80 L of IT Act. Premature withdrawal is allowed subject to conditions

8% GOI Savings Bonds

• Safest Investment Option
• Interest @ 8% payable per annum
• Half Yearly & Cumulative Options available
• Duration of Investments – 6 Years
• No maximum Limit on Investments
• Interest is Taxable
• Nomination facility available
• Individuals, HUF, Charitable Trusts & Universities can Invest

9% GOI Senior Citizens Savings Scheme

• Safest Investment Option
• Interest @ 9% payable Quarterely
• Duration of Investment – 5 Years
• Interest is Taxable
• Maximum amount of Investment – Rs.15,00,000
• Nomination facility available
• Premature withdrawal is allowed after 1 year subject to conditions
• Individuals aged 60 & above can Invest