Re: Regarding PPF
by sunjib mohanty on Nov 12, 2010 01:57 PM Permalink
I suggest to go for NSC(More ruturn compired to PPF and Less locking period). you have Option to reinvest if you wish SO.
Hi, Anyone tell us about how the inerest calculated. State bank says '8% per annum credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month'
Is it good to put in single installment as Rs 70000. Example if i credit rs 70k during May, is it interest will be paid for 11 months?.
Dear sir I think this was the best article I read and it was point by point without any jargon. One additional point is I think PPF cannot be extended beyond 30 years from the date of opening or three extensions beyond 15th year whereas NSC seems to be age independent. Can anyone analyse the impact of this and tell us?
Re: Very easy to understand
by Dhiraj pathak on Mar 28, 2009 03:42 PM Permalink
Sir, May i know what are the supporting needs to submitt to my payroll dept. for Interest Accrued on NSC to get Tax exemption
Thank you very much rediff for very specific & point to point comparision for PPF & NSC. Now since the stock markets are not purforming the retail investors do need these type information to go for safe & secure investment.
Can someone advice how to invest in Bonds (RBI,Central Govt.etc bonds) as well & how much income can be generated from those. These days I think money market instruments are best bet.
How do i calculate how much money i should invest in either PPF or NSC? For example, if calculation of income tax comes to 20,000 then if i invest 10,000 in PPF and 10,000 in NSC, will the tax be nil?
