Investment Tips: PPF or Bank FD, know where it is better to invest money..


PPF vs. FD: Nowadays everyone looks for such an investment option in which along with good interest, money is also guaranteed. If you are also thinking of investing money in any scheme, then today we will tell you where to invest in PPF or bank FD. Both are government schemes, but first, you should know where you will get more benefits-


PPF Scheme-
You can invest in the Public Provident Fund Scheme for 15 years. After a tenure of 15 years, you can extend the scheme in blocks of 3 times for 5 years.

You can start with Rs 500-
You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh in this. At present, 7.1 percent interest is being given on the amount deposited in this scheme.

The tax benefit is available in PPF-
In this, both your income and maturity amount are tax-free under Section 80C of the Income Tax Act, 1961.

Bank FD Scheme-
Apart from this, you get the facility to invest in FD for 7 days to 10 years. State Bank of India is giving interest ranging from 3 percent to 7.10 percent to the general public and 3.50 percent to 7.60 percent to senior citizens.


In which case will you get more benefits?
If we look at the interest rate, currently PPF scheme is giving more interest than FD. If you give priority to long-term retirement savings along with tax benefits, then PPF can be the best option for you.

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