It is a good article written in simple and clear terms bringing out the essence of both the schemes. The only point missed out is that NOW NSCs can be purchased in dmat mode. Thereby it will be possible to have all moneys credited to one account and one need not hold multiple certificates. The other point is both schemes help you avail tax benefit by rotating your funds in a six year cycle, if required.
RE:PPF Vs NSC
by Vimla on Jun 17, 2006 08:48 PM Permalink
Mr.K.Ganeshan, Yes.you can continue your PPF A/c even after 15 years.Ask the Bank,with which you have your PPF A/c, to extend it for 5 years.The Bank will put a stamp of 5 year's extension on the passbook.You can repeat your request every 5 years till you wish;... or till Govt.closes the scheme,which is very likely to come sooner than later.
