What are various Long-term financial options available for
investment?
Post Office Savings Schemes, Public Provident Fund, Company Fixed
Deposits, Bonds and Debentures, Mutual Funds etc.
Post Office Savings: Post Office Monthly Income Scheme is a low
risk saving instrument, which can be availed through any post office.
It provides an interest rate of 8% per annum, which is paid monthly.
Minimum amount, which can be invested, is Rs. 1,000/- and
additional investment in multiples of 1,000/-. Maximum
amount is Rs. 3,00,000/- (if Single) or Rs. 6,00,000/- (if held
Jointly) during a year. It has a maturity period of 6 years. A bonus of
10% is paid at the time of maturity. Premature withdrawal is
permitted if deposit is more than one year old. A deduction of 5% is
levied from the principal amount if withdrawn prematurely; the 10%
bonus is also denied.
Public Provident Fund: A long term savings instrument with a
maturity of 15 years and interest payable at 8% per annum......

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Title: Sd
Approximate Word Count: 1709
Approximate Pages: 7 (250 words per double-spaced page)

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