FD vs PPF - Why Fixed Deposit is better than Public Provident Fund | Bajaj Finance
Posted: February 26, 2019
Fixed deposit and Public Provident Fund (PPF) are two investment options which yield guaranteed returns.
PPF
PPFs are long-term investment schemes that come with lock-in periods of 15 years. After that, you can extend the account in blocks of 5 years.
The minimum deposit that can be made is Rs. 500 with a maximum limit, Rs. 1.5 Lakh in a year. This scheme allows a maximum of 12 deposits in a year. The current rate of interest on PFF is 8%. Returns earned via PPF are exempted for income tax.