PPF vs NSC Differences & Which is Better with Interest Calculation | Public Provident Fund vs National Saving Certificate (Hindi)
In this video by FinCalC TV we will see PPF vs NSC which is better post office scheme in hindi. It depends on your financial goals to select between PPF and NSC certificate. If your goal is for long term of 15 years or more than go for PPF or public provident fund. Else for goals of 5 years you can go for NSC or national saving certificate.

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PPF (Public Provident Fund) NSC (National Saving Certificate)
Scheme Government Backed Post Office Scheme
Tenure 15 Years 5 Years
Deposits Monthly / Yearly One time Deposit
Number of Accounts Single Account Multiple Certificates
Minimum Deposit Rs. 500 per year Rs. 1000
Tax Benefits Section 80C Section 80C
Interest Calculation Monthly Interest. Yearly Compounding Monthly Interest. Yearly Compounding
Interest Rate Updated on quarterly basis Fixed during Certificate issue
Current Interest Rate 7.10% 7.70%
Withdrawal Partial Withdrawal allowed Withdrawal allowed in extreme cases


Features of PPF
PPF or Public Provident Fund is a savings scheme offered by the Government of India.
PPF has a lock-in period of 15 years
Minimum deposit amount in a FY to keep your PPF account active is Rs. 500
Maximum deposit amount for which you can earn interest in PPF account is Rs. 1,50,000
The interest on the account is paid by the government of India and is set every quarter, It is also tax-free.
PPF interest is calculated every month and is compounded annually
The latest PPF interest rate for July to September 2024, has been fixed at 7.1% annually.
PPF or Public Provident Fund falls under EEE category (Exempt, Exempt, Exempt), which means, the Deposits, Interest and Maturity Amounts are all exempted from Income Tax
Partial withdrawals are allowed in PPF account
Loan facility is also available in PPF account

Opening a PPF Account
PPF accounts can be opened in post office, nationalized banks and major private banks such as ICICI and Axis.
In several banks like ICICI and Axis, you can open a PPF account online through net banking as well.
In case you are NRI (Non-resident of India), you cannot open a PPF account, but if you already had a PPF account before your became NRI, you can continue to hold PPF account until it’s maturity period
Once the account is opened, a PPF passbook similar to the bank passbook is issued.
All transactions such as subscription, interest, withdrawals, etc. are recorded in this passbook.
Some banks simply allow PPF entries or PPF balance to be viewed online instead of issuing a passbook.
You should remember that your amounts will be locked-in for 15 years in a PPF Account
You can only have one PPF account at a time. Multiple PPF accounts for same holder are not allowed

#PPFvsNSC #PPF #NSC #fincalc

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Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The YouTube Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.