March 31 - the last day of financial year - is only a few days away. So if you want to save on income tax outgo during FY18 (April 1 ,2017-March 31, 2018), you may consider investing in nine small savings schemes offered by post offices. The Department of Posts or India Post offers nine small savings investment schemes: Post Office Savings Account, 5-Year Post Office Recurring Deposit Account (RD), Post Office Time Deposit Account (TD), Post Office Monthly. Post Office Savings Account This account can be opened by cash only. The minimum balance to be maintained in a non-cheque facility account is Rs 50. The interest earned on post office savings accounts is tax-free up to Rs 10,000 per year from financial year 2012-13. The interest payable is 4 per annum on individual / joint accounts, according to indiapost.gov.in, the official website of India Post. 5-Year Post Office Recurring Deposit Account (RD) This account can be opened by cash/cheque and in case of Cheque the da...