Pocket Money - SEBI Investor Awareness Website - Securities and ...

Mr. Eureka’s assistant explains:____National Savings Certificate: This is a six year deposit scheme earning interest at 8%p.a.. (Interest compounded every 6 months) The amount invested is also eligible for deduction fromtaxable income within limits. Available in post offices or through agents.4. Mr. Chatterjee: Has just retired: does not keep too well, Has a post office close to his home, wants a regularincomeMr. Eureka says: Your solution is just next door! The PostOffice Monthly Income Scheme!Mr. Eureka’s Assistant explains:____Post Office Monthly Income Scheme: A lumpsum investment is made in the post office for 6years at a monthly interest of 8%. The interest earned on the amount is paid as monthlyincome to the investor.5. Mrs. Rashmi Tripathi, a home-maker: Wants to save for her daughter’s wedding. She manages to save some money almost every monthcannot save a fixed amount. Her savings are variable.Mr. Eureka says: Think Gold!74