National Savings Certificate (NSC)
|
Public Provident Fund (PPF)
|
Interest Paid: 8%, compounded half-yearly |
Interest Paid: 8%, compounded annually |
No monthly/yearly payments |
No monthly/yearly payments |
Minimum investment: Rs 100
Maximum investment: No Limit |
Minimum investment: Rs 500 (required annually)
Maximum investment: Rs 70,000 |
Duration of investment: 6 years |
Duration of investment: 15 years |
Can be used as a security for mortgage and other purposes |
Cannot be used for such purposes |
Tax benefit under Section 80 ‘C’ available.
Maximum limit: Rs 100,000 |
Tax benefit under Section 80 ‘C’ available.
Maximum limit: Rs 70,000 (limit of the investment in PPF) |
Good medium-term investment option |
Good long-term investment option |
Interest if fully Taxable |
Interest is fully Exempt |