Investment Choices: Bank FD and PPF Scheme for Secure Returns

When it comes to investing your money wisely, it is crucial to consider various options available in the market.

Currently, two popular investment avenues that offer attractive interest rates and ensure safety for investors are Bank Fixed Deposits (FD) and the Public Provident Fund (PPF) Scheme.

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Exploring the PPF Scheme

The PPF Scheme, categorized under Small Saving Schemes, is renowned as one of the preferred government investment options in India.

The scheme’s interest rate is updated quarterly.

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It allows long-term investments, allowing individuals to deposit money over an extended period.

Under this scheme, one can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh per year.

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Duration of Investment in PPF

As per guidelines, individuals can invest in their PPF account for up to 15 years.

However, even after this period, one can continue the account.

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Additionally, the PPF account offers tax exemption benefits.

Any adult Indian citizen can open a PPF account and currently enjoy an interest rate of 7.1% per annum on their investment.


Bank FDs: Interest Rates on the Rise

In recent days, both private and government banks have increased the interest rates offered on fixed deposits.

HDFC Bank, for instance, provides its customers with interest rates ranging from 3% to 7.10% on their fixed deposits.


Similarly, Axis Bank offers interest rates between 3.50% and 7.75%, while the State Bank of India (SBI) provides rates varying from 3% to 7%.

By comparing these investment options, individuals can make informed decisions based on their financial goals and risk appetite.

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