I was recently searching about what could be the better option for safe investment, and I found out that we can get annual interest up to 9% through stable money, and even SBI also gives 7.25% interest on Fixed Deposits.
I don't know much about PPF though, but it does have 15 years of lock in period, and interest rate is I think between 7-8%, can you folks tell me what could be the better option for safe investment between FD and PPF? Also why do people even invest in PPF if FDs are giving very high returns these days
PPF interest is tax free at 7.1%
At 30% tax bracket, even a 10% FD interest is just 7% post tax
Best thing is to open a PPF and keep it active. After 10Y, the lockin will be just 5Y more. Use it like a 5Y FD
Okay, so this is the only benefit we get in PPF right? So it will be better to have fixed deposit for my family members (who are earning very less or not earning at all) than having PPF right?
PPF 7.1% interest and FD more than that. Post offjce sceme 7.4% Interest. PPF is taxfree while FD is taxable. Choice is yours
Hi folks,
Personally, I thought I should invest in the index fund. Because, I don't want to take the risk with this amount.
But I would still like to know 2 things -
We don’t know your risk profile, but your statement gave me a hint of conservative. For a conservative investor...
Bhai mujhe dedo
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