Skip to main content

Investment: Which of the following is preferable, EPF, FD, or PPF?

 The employees' provident fund (EPF), the fixed deposit (FD), and the public provident fund are three of the most common types of investments (PPF). It is anticipated that these schemes would result in minimal risk while maintaining consistent returns. The EPF, FD, and PPF are all government-sponsored investment vehicles, which makes them more trustworthy for financial transactions; nevertheless, the returns on these three types of investments vary. Please tell us which of these three opportunities is the best one for making an investment.


A rate of interest on the EPF that is 8.1 percent

The rate of interest that is charged on PF was lowered at the most recent meeting of epfo. Pf account holders who have money placed during the fiscal year 2021-22 will now get an interest rate of 8.10 percent on such money. When I first opened this account, the interest rate was 8.50 percent; however, it has now dropped to its lowest point in almost a decade. In the previous fiscal year, the EPF rate was 8.55 percent, whereas in the current fiscal year it was 8.65 percent. For the 2016–2017 fiscal year, the Employees' Provident Fund (EPF) offered an interest rate of 8.65%.


A 7.1 percent interest rate on PPF accounts

The interest rate on PPF accounts will not change during the first three months of the new fiscal year; it will stay at 7.1 percent. For the first three months of 2022-23, the government does not intend to adjust the interest rates that apply to modest savings programs, despite the fact that inflation is on the rise. On a quarterly basis, notice is given of any changes to the interest rates offered by modest savings programs. Since the beginning of the first quarter of the fiscal year 2020-21, there has been no change made to the interest rate.


Receive an interest rate of 5.8 percent for a term that is longer than five years.

The first three months of the new fiscal year provide an interest rate of 5.5% on deposits that are set for a period of one year. The interest rate ranges from 5.5% to 6.7% per year and is paid out on a quarterly basis. The term of the loan might be anywhere from one to five years. In spite of the fact that the interest rate on savings deposits is 5.8 percent over a period of time that is longer than five years, the interest rate on savings deposits is only 4 percent each year. Let us know that various banks provide varying rates of interest on fixed deposits at their establishments.


It is important for paid individuals to be familiar with the term periods of all three EPF investment programs. This covers workers of the Central government, state governments, and private companies whose pay is subject to a PF deduction. On the other hand, any Indian citizen or permanent resident is eligible to register a PPF account. The highest amount of money that may be invested in a single fiscal year is Rs. 1.5 lakh. It has a 15-year term in effect. When conducting FD, you have the option of choose from a variety of tenor durations, which may run anywhere from 15 days to 10 years.


PPF accounts, on average, get a higher rate of interest than FD accounts do. However, any income earned from fd that is more than Rs 40,000 is subject to taxation. PPF interest is exempt from taxation. Investing in the EPF is not available to everyone.

Comments

Popular posts from this blog

पुल जो छोड़ गया हमारा साथ, कानपुर की पहचान

  पिछले दिनों कानपुर का 150 साल पुराना गंगापुल टूट गया। इस पुल पर से कई बार गुजरे हैं। अनेक यादें जुड़ी हैं। पुल गिरने की खबर मिलने पर देखने गए पुल। शहर होते हुए घर से दूरी 15 किलोमीटर। गंगाबैराज की तरफ़ से जाते तो दूरी 23 किलोमीटर दिखा रहा था। समय लगभग बराबर। शहर होते हुए गए। जहां से पुल शुरू होता है वहीं पर गाड़ी सड़क किनारे ही खड़ी कर दी। रेती में पुल के नीचे -नीचे चलते हुए उस हिस्से की तरफ़ गए जो हिस्सा टूटा था।  पुल का टूटा हुआ हिस्सा नदी के पानी में धराशायी सा लेटा  था। क्या पता वह गाना भी गा रहा हो -'कर चले हम फ़िदा जान-ओ-तन साथियों, अब तुम्हारे हवाले ये जगह साथियों।' पुल के आसपास पक्षी तेज आवाज़ में चहचहाते हुए शायद पुल के बारे में ही चर्चा कर रहे थे। एक दूधिया अपने दूध के कनस्तर पानी में धोकर रेती में औंधाए रखकर गंगा स्नान कर रहा था। स्नान करके नदी से निकलते हुए एक बुजुर्ग को नदी किनारे निपटते देखकर भुनभुनाते हुए कहने लगा -' यह भी नही कि गंगाजी से ज़रा दूर होकर निपटें। एकदम किनारे ही गंदगी करने बैठ गए।' उसके भुनभुनाने के अन्दाज़ से लग रहा था कि उसकी मंशा केवल ख...

The Trolling Culture: A Digital Plague on Society

 The advent of social media has brought revolutionary changes in communication, enabling people to connect and share ideas globally. However, it has also given rise to a darker trend: trolling. Trolling culture, the act of provoking, insulting, or harassing individuals online for amusement or malice, has become a pervasive issue. Coupled with hate speech, it contributes to a toxic online environment with widespread societal repercussions. Understanding Trolling Culture Trolling often starts as a joke or an attempt to incite reactions. Trolls thrive on anonymity, using it to spread insults, misinformation, and hate. Over time, trolling has evolved from harmless pranks to deeply problematic behaviors, including targeted harassment and cyberbullying. High-profile figures, activists, and even ordinary users have found themselves at the receiving end of trolling campaigns, often resulting in severe mental health impacts. The Effects of Trolling on Society Mental Health Crisis : ...

How will Artificial Intelligence effect the workforce in the future?

 How will Artificial Intelligence effect the workforce in the future? Find the detailed answer here with us with an international perspective. AI was anticipated to automate mundane activities initially. Delivery, driving, etc. Musk has promised self-driving Teslas for eight years. Progress has been made, but not by Tesla. Sipping tea as an autopilot takes us from Marina Beach to Mylapore is a distant future. On another front, we may have achieved great or scary progress. AI writes code, creates protein structures and product strategies, writes scripts, reimagines human bodies as heroic avatars, generates movies, and performs music. All this in a fraction of the time a semi-competent expert would need. News reports may make you believe your plumber Perumal's employment prospects are better than your daughter Paromita's. Will AI replace your job? Understanding AI Knowing what AI is helpful. They map inputs to outputs. Gmail's spam detection uses AI to map email content to...

Top 5 Bestselling Tech Gadgets and Accessories Under 299 on Amazon

Top 5 Bestselling Tech Gadgets and Accessories Under 299 on Amazon Are you a tech enthusiast looking for affordable gadgets and accessories? We've curated a list of the top 5 bestselling tech gadgets and accessories under 299 on Amazon. These budget-friendly options are not only highly usable but also highly rated by users. Check out these trending deals and upgrade your tech arsenal today! 1. Mi 2A Fast Charging Cable Description: The Mi 2A Fast Charging Cable is a high-quality USB cable designed for fast charging and data transfer. With a length of 1 meter, it is compatible with a wide range of devices, including smartphones, tablets, and other gadgets. Its durable build ensures long-lasting performance. Ratings: 4.3 out of 5 stars Buy Mi 2A Fast Charging Cable [here](https://www.amazon.com/dp/B08KJ9M7F5). 2. Amkette High-Performance Earphones Description: Amkette High-Performance Earphones deliver superior sound quality with deep bass and clear treble. These earphones come with ...

The iPhone 15: What’s New, What’s Changed, and What to Expect

The iPhone 15: What’s New, What’s Changed, and What to Expect Apple’s newest flagship, the iPhone 15, has finally arrived, and as always, it has generated excitement among tech enthusiasts and Apple loyalists alike. With each new iPhone release, Apple introduces fresh innovations, better performance, and subtle design tweaks. But what exactly sets the iPhone 15 apart from its predecessors? Let’s dive into its standout features, key updates, and what to expect from this highly anticipated device. 1. Design: Refinement with Familiarity The iPhone 15 continues with the sleek, premium design language Apple is known for but with subtle refinements. The flat-edge design, which was reintroduced with the iPhone 12, has been further refined to feel even more comfortable in the hand.  One of the most notable changes is the USB-C port, a long-awaited shift from the Lightning connector. This move aligns with the European Union’s directive for standardized charging ports, and it also brings fas...