Maturity amount

₹1,44,903

1.45 lakh rupees

Amount invested

₹1,00,000

Interest earned

₹44,903

Interest of years 1 to 4 (counts for 80C)

₹34,544

Money multiplies by

1.45×

• The interest is taxable at your slab rate. In the old regime, the investment and the interest of years 1 to 4 count for 80C, within the ₹1.5 lakh limit.
• Paid only at maturity. Early closure is allowed only in a few cases, such as the holder’s death or a court order.