Investment Insurance Policy

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Investment Insurance Policy
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Best 80C Investment Options in India
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• I remember when my brother and I were given our
  first pocket money by our mother. The 20 bucks
  for each of us seemed like a fortune of our very
  own, to spend on anything at our whim and fancy.
  At my 6-7 years of age, I predictably decided to
  splurge my entire Rs.20 on a Dairy Milk, while my
  brother spent only half of his money saying he
  wanted to save the remaining ten. I considered
  him to be pretty foolish back then. Today,
  however, hes usually the one I go to for any
  extra cash since he always seems to have enough
  saved up and I always seem to be short. Saving
  its often just about the hardest thing for some
  of us to do. One minute were receiving our pay
  cheques and the very next its that time of the
  month again, the time when we are moody and
  cranky because we seem to have spent it all on
  that unbelievable sale or that indispensable
  laptop.
• This is the time for you to work out how to use
  this extra limit to the best of your financial
  ability and figure out exactly how to maximize
  your tax savings under Section 80C of the Income
  Tax Act, 1961. I know what you are probably
  thinking. With so many delicious options, which
  one should I sink my teeth into? Well you can
  stop worrying, we are here to help.
• Following is a list of some of the best 80C
  investment options for you in this year 2016, to
  avail the maximum tax savings benefit out of the
  scheme

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• Public Provident Fund With a lock in period of
  15 years, this has a minimum investment
  requirement of Rs. 500 and a maximum investment
  possible of Rs. 1.5 lakhs. The current rate of
  interest offered by the Government on this fund
  is 8.7, which is subject to the update of the
  Government every year. With tax free returns,
  monthly investments, loan facilities and
  withdrawal permit post the sixth year, it is safe
  to say that this is one of the best and most
  profitable investment options under this section.
• Equity Linked Savings Scheme (ELSS) This has a
  lock in period of a mere three years and is an
  extremely beneficial scheme. There is the
  temptation of higher returns to combat the higher
  risks faced due to it being an equity linked
  scheme. For those who are more risk-averse, there
  is the option of regular returns through
  dividends.
• Tax Saving Bank FD Schemes One of the oldest
  investment schemes in the book, it has not lost
  its value with age. It has a lock in period of
  five years and an interest rate ranging from 8.5
  to 9.75 per annum.
• Senior Citizen Saving Schemes A relatively safer
  investment for senior citizens, the principal
  amount is guaranteed to be securely backed by the
  government, with an interest rate of 9.2 per
  annum. Quarterly interest (taxable) is paid to
  the senior citizen and the maximum investment
  limit is Rs. 15 lakhs.

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• While the above Investment Insurance Policy funds
  are the best options for this financial year
  under Section 80C, there are also quite a few
  other beneficial investment options for investors
  under this section. Some of these are Voluntary
  Provident Funds, New Pension Scheme, National
  Saving Certificate, Unit Linked Investment Plans
  and Insurance Plans. Make the most of the tax
  benefits you can avail under the deductions under
  Section 80C of the Income Tax Act and make 2016
  your year financially.

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