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  1. KVP (Kisan Vikas Patra) KVP is a kind of certificate, which can be purchased by any person.  At present, it is getting 8.67% interest and your deposit amount doubles in 100 months.  KVP is issued in certificate form like a bond.  Pre-determined interest is available on KVP.  The government keeps revising the interest rates from time to time.  PMIS (Post Office Monthly Savings Scheme) If you also want to get interest on monthly basis by investing lump sum amount then you can invest in PMIS.  PMIS can prove to be very useful for retired employees and senior citizens.  The maturity period in PMIS account is five years.  Recurring Deposit (RD) RD is the easiest investment option for guaranteed returns.  You can open an RD in a bank with an investment of Rs 500 and in a post office with an investment of just Rs 10.  RD can prove to be a great option for those who do not have lump sum amount to invest and want to save and invest from their monthly income.  Interest rates are not fixed on this.  At this time you can earn interest on RD at the rate of 8.4% per annum.  Now the income from RD has been brought under the purview of TDS.  Because of this, it has come down in the list of best investment options.  SCSS (Senior Citizen Savings Scheme) is a savings scheme for senior citizens especially those above 60 years of age.  SCSS is really a great investment option for people who have crossed the age of 60.  If you or any person in your family has taken VRS (Voluntary Retirement) between the age of 55 years to 60 years, then they can also open this account in SCSS three months before retirement.  This account can be opened with an initial investment of one thousand rupees.  The maximum investment limit in this is Rs 15 lakh.  NSC (National Savings Certificate) is the best among fixed income options in terms of returns and flexibility.  If you want better returns along with safe investment then you should invest in NSC.  NSC has been started keeping in mind the needs of government employees, businessmen and tax payers.  There is no limit for investment in NSC.  There are two types of NSC, first is Type-1 (VIII issue) and second, Type-2 (IX issue).  Five-year deposits in NSC Type-I earn 8.5 percent per annum and Type-2 ten-year deposits at 8.8% per annum.  Deposits in NSC are exempted under section 80C of the Income Tax Act.

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