Provident Fund vs. Fixed Deposit: Which is the Right Investment Option?Posted by Arwind Sharma on December 27th, 2018 When you step into the investment sector, you will realize that there are a lot of investment options available in the market. Especially while planning for your retirement years, no one would want to risk their money. Some of the prominent platforms for building a sizeable retirement corpus is Fixed Deposit (FD), Employee Provident Fund (EPF), and Public Provident Fund (PPF) among many others. Fixed deposits and the public provident fund can be referred to as two sides of a coin. Both the investment options offer significant benefits with their unique features. When it comes to retirement savings, making the right choices is more difficult than earning that money. PPF vs. FDBefore deciding on the worth of Fixed Deposit (FD) over Public Provident Fund (PPF), you would want to know the features of both the investment options. Below mentioned are the Public Provident Fund (PPF) vs Fixed Deposit (FD):
Which is the Right Investment Option?Both PPF and FD are secure investment options that offer competent returns on maturity. The final call for choosing one investment choice is yours. If you are looking for a flexible investment option with high-interest rates and benefits of availing loan and making premature withdrawals without any penalties, FD would be the right Online investment option in India. Also, you can deposit as much sum as you want in a lump sum with an FD. Additionally, there is a facility to open multiple FD accounts with different tenors at the same time. You can ladder your investments with FD by distributing your lump sum investment into multiple FD accounts with different tenors. By doing so, you can maintain liquidity from your investment without any hassle. Moreover, you can choose the tenor of your FD from as less as 7 days to 10 years depending on your financial goals. What is the Right Platform for Efficient Investment?Earlier it was believed that investing in banks was the safest choice. But, now, with the emergence of some prominent financial companies like Bajaj Finance with an FAAA and MAAA top rating from CRISIL and ICRA respectively, is offering assured returns with credibility. Moreover, the leading financial provider offers increased interest rates for Senior Citizen FD. Below are a few perks of investing in Bajaj Finance FDs:
Invest in Bajaj Finance Fixed Deposits, to grow your PF money. You can easily choose the frequency of interest payouts, as per your convenience. Like it? Share it!More by this author |