Ask your Question
   (100 characters left)
Search for questions:      Advanced
Credit Cards
Car Loans
Home Loans
Personal Loan
Education Loans
Fixed Deposits
Savings Accounts
Miscellaneous
Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate
Resolved Question:
Show me another
For regular monthly income MIS or long term FD which is better?
I want to invest some money(7lakhs) so that i can get a regular income out of that...so is it better for me to choose post office MIS(which gives 8% interest for a period of 6years) or any long term FD(south indian bank gives 8%interest of 5years FD but i dont know whether i can get that interest amount monthly or quaterly or wil it be given only at the end of five years plz clarify me)...or is there any other plans which can give me more interest than these schemes and gives me some tips to save the interest from TDS??
In Fixed Deposits  -  Asked by Shaju -  4 years ago

Best Answer:
If you invest in South Indian bank fixed deposit then you can avail monthly interest at discounted rate or you can withdraw interest periodically or transferred to other accounts as per instructions.
In post office monthly income scheme your monthly interest will be credited automatically to saving account if accounts are at the same post office. Interest income is taxable, but no TDS Rebate under section 80 C not admissible.
But in fixed deposit you get tax benefit if your interest is less than Rs 10000/-. You can fill form 15G to save TDS.
4 years ago - By Avi

Other Answers (1)
Answer 1.
Both the schemes are equally good in fixed deposit the interest keep changing when bank increases or reduces the interest rate. But you cannot withdraw in between the tenure otherwise bank charge penalty. In post office MIS there is a facility of premature closure of account after one year @ 3.50% discount, if account is closed on completion of three years no deduction of 3.5%.
4 years ago - By Arun
Answer: Open Questions RSS
InCall/OutCall Service AVEL 09158306767 Pune Call Girls Service In Koregaon PArk Call Girls Servic?
gogo+\\gone\\+91-9887763449\\+husband wife love marriage problem solution baba ji
══◄►O8857976OOO◄►══ Escorts In Pune Hi/Fi Only Call Mr AMIT O8857973OOO ►══◄PUNE CALL GIRLS►══ ►►►?
+ 91-9636529917husband wIfE PrObLeM SoLuTiOn sPeCiAlIsT baba ji
: ** - राम दूत - **:+91-9983432002 online vashikaran specialist baba ::+91-9983432002
View All
Discover: Resolved Questions RSS
Female Escorts in Chandigarh 08196881140 , Escort Service in Chandigarh
Escorts Service In Ludhiana 08196881150 , Call Girls Service In Ludhiana
Amritsar Escorts 07837993301 , Independent Escorts in Amritsar
rUSSIAN ESCORT ℘Üηℯ ≻09765156595 ≻07030891000 Pune Female Escorts, PUNE ESCORTS GIRLS (whatZz Up)?
Patiala@ ℰscℴℛts ℂall ~Giℛℒ~ in Mohali 09855660911- escort CaLL GirLs SErvice Chandigarh Rajpura
View All
Vote: Undecided Questions RSS
Amabla escort service O9855660911 CaℒL Giℛℒ In ChAnDiGaℛh ~Call gIℛℒ In Amabla Call giℛℒS In Baddi
Derabass@ escorts services O9855660911 CaℒL GiℛℒS In ChAnDiGaℛh ~Call gIℛℒ In Deℛabassi Call giℛℒS
Rajpura@ escorts services O9855660911 CaℒL GiℛℒS In ChAnDiGaℛh ~Call gIℛℒ In ℛajpUra Call giℛℒS siℛ
Mohali@ escorts services O9855660911 CaℒL GiℛℒS In ChAnDiGaℛh ~Call gIℛℒ In ZiℛaKpUr Call giℛℒS siℛ
Shimla@escorts services O9855660911 CaℒL GiℛℒS In ChAnDiGaℛh ~Call gIℛℒ In PancHkUℒA Call giℛℒS siℛ
View All
COMPARE RATES
Get best FD rates
Best FD rates by banks
Compare Car Loan Rates for a used car
Get best bank for Home Loan
Show All...
COMPARE QUICKLY
 Select a product:
 

CALCULATORS
Fixed Deposit Interest Income Calculator
Credit Card Balance Transfer Savings Calculator
Car Loan Amount by EMI Calculator
Car Loan Amount by Down Payment Calculator
More Calculators...
CALCULATE QUICKLY
 Select a product:
 

NEWS THIS WEEK
New cash Transactions facilities to be launched by NCR corporation Dec 18, 2014
‘Bank aap ki Muththi mein’ branch banking on mobile by HDFC bank Dec 17, 2014
Banks to provide longer hours to carry out RTGS transactions Dec 16, 2014
Andhra Bank to expand its network in Orissa Dec 15, 2014
OBC bank slashed down the rate by 0.10% Dec 11, 2014
News Archive
EDITORS' PICKS
FDs or Equity? Which suits you best?
J&K Bank raises PLR
Tax saver fixed deposits in India earn you...
Carnival of Indian Personal Finance Blogs #6
Infrastructure bonds: another tax saving...