Need A Financial Product Forums Tax Savings PPF vs NSC – which is better

This topic contains 5 replies, has 2 voices, and was last updated by  SP Intellect 2 years, 6 months ago.

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    SP Intellect

    Discussion evaluating PPF vs NSC, to understand which is better. Well, most saving schemes like National Savings Certificate (NSC), Public Provident Funds, Monthly Income at post offices are among the most popular investment schemes, after bank fixed deposits. However, only few of them offer tax rebates and hence one has to be check before selecting the scheme for investing.


    I feel PPF is better since it has 2 benefits. The amount invested qualifies for 80C and interest earned is exempt from income tax


    SP Intellect

    Refer to article on following link

    Tax exemptions on PPFs, NSC and post office schemes

    • This reply was modified 4 years, 1 month ago by  SP Intellect.
    • This reply was modified 4 years, 1 month ago by  SP Intellect.
    • This reply was modified 4 years ago by  SP Intellect.

    A good one!!!
    can you tell which banks are offering Online ppf facility??? Also Is there a possibility to get money before maturity in PPF accounts.


    SP Intellect

    Sure Sameer,

    You may find a whole of information about PPF going through this link



    SP Intellect

    Now Post office will also offer ATM. Finance Minister P Chidambaramas inaugurated first Post office Saving bank ATM as a part of 4909 crore IT modernization scheme for Department of posts. The first ATM was launched at Thiyagaraya Nagar Head Post Office (HPO). Initially it will be used for withdrawing money just for saving deposit from post office but later it will be used similar to any other bank deposit, which means that it will offer ‘inter-operability’ i.e the customer will be able to withdraw cash of other banks also (just like other bank ATMs)

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