Investments & Savings

Satya Surya Financial Services offers distribution services of IPO, Mutual Funds, Public Issues, Company Fixed Deposits, Bonds, and fixed income products We assure you a hassle free and pleasant transaction experience through us. Our focus is to offer integrated solutions for your investment needs of our investors. Our offerings

Fixed Income Products:

Senior Citizens Savings Scheme:


Government of India launched a new savings scheme has been exclusively for senior citizens to mitigate the problems faced by them on account of falling interest rates in the past few years. The main features are as follows: –index

  • Citizens of 60 years of age and above are eligible to invest. Single or joint account (with spouse only) can be opened.
  • Citizens who have retired under a voluntary or special voluntary retirement scheme and have attained the age of 55 years are also eligible, subject to specified conditions.
  • Deposits in multiples of Rs. 1000 subject to maximum of Rs. 15 lakh will be allowed.
  • The deposits will carry an interest of 9% per annum (taxable).
  • Interest will be payable on 31st March, 30th June, 30th September and 31st December.
  • The maturity period of the deposit will be five years, extendable by another three years.
  • Premature withdrawal after a period of one year will be allowed. In case the account is closed after the expiry of one year but before the expiry of two years 1.5% of the deposit shall be deducted. In case the account is closed on or after the expiry of two years, 1% of the deposit shall be deducted.
  • The investments in the scheme will be non-tradable and non-transferable. However, nomination facility will be available.
  • Non- Resident Indians and Hindu Undivided Families are not eligible to invest in the scheme.
  • Age proof is compulsory.

Investment can be made through nearest post office or nationalized banks.

RBI Bonds:

Government of India decided to issue 8% Savings (Taxable) Bonds, 2003 with effect from 21st April 2003. Eligibility for investment: The Bonds may be held by –07-1428392745-bonds

  • Individual.
  • HUF’s.
  • Charitable Institution.
  • The Bonds will be issued at per 1.e. at Rs. 100.00
  • The Bonds will be issued for a minimum amount of Rs. 1000/- (face value) and in multiples thereof. Accordingly, the issue price will be Rs. 1000/- for every Rs. 1,000/- (Nominal).


Limit on Investments: No maximum limit. Issue Price:

  • The bond will be issued in cumulative / non cumulative from, at investor’s option.
  • The Bond will bear interest at the rate of 8% per annum. Interest on non-cumulative bonds will be payable at half-yearly intervals from the date of issue. Interest on cumulative bonds will be compounded with half-yearly rests and will be payable on maturity along with the principal. Interest to the holders opting for non-cumulative will be paid from date of issue upto 31st July/31st January, as the case may be and thereafter at half-yearly for period ending 31st July/31st January on 1st August and 1st February.

Interest on bonds will be paid, by cheque/warrant or through ECS by credit to bank account of the holder as per the option exercised by the investor/holder.

Tax Treatment:
Interest on the Bonds will be taxable under the Income-Tax Act, 1961 as applicable according to the relevant tax status of the bond holder.

The Bonds shall be repayable on the expiry of 6 years from the date of issue. No interest would accrue after the maturity of the Bond.

T D S:
No tax will be deducted at source while making payment of interest on the cumulative and non-cumulative Bonds from time to time.

A sole holder or a sole surviving holder of a bond, being an individual, may nominate one or more persons who shall be entitled to the Bond and the payment thereon in the event of his/her death.

The Bond shall not be transferable. Tradability against Bonds. The Bonds shall not be tradeable in the secondary market and shall be eligible as collateral for loan banks, financial Institutions and Non banking Financial Companies, (NBFC) etc

54 EC Capital Gains Bonds:
Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Rural Electrification Corporation Limited (REC), National Housing Bank NHB), SIDBI and NABARD are permitted to issues capital gains bonds under Section 54 EC. Some key features of Section 54 EC bonds are

  • Highest credit rating of AAA by CRISIL, CARE and FITCH.
  • Interest is taxable although no TDS is deducted.
  • Lock-in of around 3 years and non- transferable.
  • Minimum amount of investment Rs 10,000 and multiples.

Company Fixed Deposits:
company-fixed-depositsCompany Fixed deposits earn a fixed rate of return over a period of time. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits. Deposits thus mobilised are governed by the Companies Act under Section 58A. These deposits are unsecured, and hence incase of any default by the company, the investor cannot sell the company to recover his capital, thus making it a risky option of investment. Company Fixed Deposits are adequate for regular income with the option to receive monthly, quarterly, half-yearly, and annual interest income. Moreover, the interest rates offered are higher than banks. Performance of the companies should be reviewed at maturity. This helps in deciding whether the deposit should be renewed or not. One should also keep track of these companies by checking their Balance Sheet, Share prices.

National Savings Certificate (NSC):


  • Tax Rebate U/S. 80C of I.T. Act
  • Interest earned eligible for sec. 80C benefit in first 5 years
  • 8.00% p.a. compounded half yearly payable on maturity
  • Rs. 10,000/- becomes Rs. 16,010/- on maturity
  • Minimum Rs. 1000/- & no maximum limit
  • Tenure 6 years
  • No TDS
  • KYC of all applicants for any value compulsory

Kisan Vikas Patra (KVP):edit18nn_19_11_2014

  • Double your Money in 8 years & 7 months
  • Min. Rs. 1000/- & No Max. limit
  • Early Redemption facility after 2½ years
  • IRR : 8.40%
  • No TDS
  • KYC of all applicants for any value compulsory

As per circular of the CBDT No. 687 dated Aug. 19, 1994 interest on KVP is to be assessed on accrual basis

Monthly Income Scheme (MIS):          >8.00% p.a. payable monthlybest-monthly-income-plans

  • 5% bonus of principle on maturity
  • Tenure 6 years
  • Minor cannot invest
  • Min. amount Rs. 25000/- & in multiples to get interest amount in rupees & no decimal
  • Max. amount Rs. 4.50 lakhs (Singly) & Rs. 9.00 lakhs (Jointly)
  • Premature encashment facility after 1 year Penalty of 2% (1-3 yrs) and 1% (after 3 yrs)
  • ECS facility
  • No TDS
  • KYC of all applicants for any value compulsory

ECS Facility: If the PO-MIS a/c is opened in the names of A & B as Joint a/c, then the ECS facility can be availed if the bank a/c has both the persons as joint holders, sequence does not matter. Thus if MIS a/c is in A & B’s name, then Bank a/c can be in A&B or B&A sequence. ECS won’t be allowed if the bank a/c has ‘A’ or ‘B’ as single holder. It is ok, if the sequence is ‘A, B & C’

Time Deposit (TD):fixed_term_deposit

  • Interest exempt from wealth tax.
  • No TDS
  • Min. Invt.: Rs.5, 000/-. No Max. limit
  • Interest compounded quarterly & payable yearly
  • Account can be opened by individuals only


1 year


2 year


3 year


5 year


Recurring Deposit (RD):
rdEvery year you save money & invest it. The most disheartening thing is that you invest every year at lower interest rates as compared to the previous year. How about an option that protects you from falling Interest rates & ensures your next 5 years savings to be invested every year at 7.50%. Yes, Recurring Deposits of Post office offers you much higher returns at 7.50% p.a. compared to Bank RDs which offer paltry 5.50%. So, if you decide your per month investment amt. of may be Rs. 1,000/- or Rs.5,000 or Rs.10,000 or more, you ensure for yourself 7.50% returns on your next 5 yrs savings too.


Mode of Payment

Min. Amt. to be invested

Maturity Amount


5 yrs



Rs. 72,890


Half Yearly






  • Interest exempt from wealth tax. No TDS
  • Accounts in the name of minors can be opened through guardians
  • Any number of accounts can be opened
  • One withdrawal upto 50% of the balance allowed after one year

Default / Revival: If there are more than 4 defaults in monthly deposits, the account shall be treated as discontinued. Revival of the account is permitted only within a period of 2 months from the month of fifth default. The account, in which defaulted installments are deposited along with default fee, is not treated as discontinued. Penalty: Rs. 20/- per Rs. 1000/- p.m.

Public Provident Fund (PPF):51896900-cms

  • 8.00% Tax Free interest compounded annually
  • Tenure 15 yrs
  • Min. Rs. 500/- p.a.
  • Max. Rs. 70,000/- p.a.
  • Early withdrawal facility after 6 yrs
  • After 15 yrs. account can be renewed for 5 yrs. subsequently
  • Eligible u/s 80C
  • Nomination facility
  • KYC compulsory