Which of the following does not grant any tax rebate?
Which of the following does not grant any tax rebate?
The correct option is C Indira Vikas Patra
1:Indira Vikas
Patra was a small scale deposit scheme operated by the post offices all over
the country to encourage the thought of investment in the minds of the
lower-middle class people. Under this scheme, various certificates were available at denominations ranging
from 200 INR to 5000 INR at half of their par value to the subscribers for
tenure of 5 years.
2:One of the most important Indira Vikas Patra benefits was
that the interest rates of these certificates were very high when compared to
some of the other deposit schemes that were available in the market then.
3:At the end of the maturity period, the
buyers needed to surrender these certificates to the post offices and get back
the money equivalent to their full face
value then.
1:Indira Vikas
Patra was a small scale deposit scheme operated by the post offices all over
the country to encourage the thought of investment in the minds of the
lower-middle class people. Under this scheme, various certificates were available at denominations ranging
from 200 INR to 5000 INR at half of their par value to the subscribers for
tenure of 5 years.
2:One of the most important Indira Vikas Patra benefits was
that the interest rates of these certificates were very high when compared to
some of the other deposit schemes that were available in the market then.
3:At the end of the maturity period, the
buyers needed to surrender these certificates to the post offices and get back
the money equivalent to their full face
value then.
