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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2011 My age is 26 years and my annual income is Rs. 275000 P/A,i planning to invest Rs. 80000 for tax saving purpose i little bit confuse which one is better either investment in PPF or FD for 5 years, as we know the purposed int rate in PPf is 8.6% and in FD for 5 years is 8.3%.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
14 November 2011 tax free interst on PPF is 8.60%, so ppf is batter option.
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Vinoth

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Vinoth (Expert)
16 November 2011 As your age is less, suggestion to invest in mutual fund ELSS for better rate of return




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