NSC And VPF Investment: Now people are investing in PPF and NSC, which is like PPF. Know what is different between these two investment schemes, due to which people are liking them.
However, now people have started investing in NSC and VPF along with PPF. Now people also get good returns through VPF and NSC. In such a situation, let us know how NSC and VPF are different from PPF and how returns can be obtained through it… Also Read: SBI KYC Alert! Know how can you do KYC From Home Follow this process
What is NSC?
National Savings Certificate is also a savings scheme of the post office. At least Rs 100 can be invested in this and investment can be increased from that. The tenure of this scheme is 5 years and its special thing is that it cannot be extended, but after the completion of 5 years, you can buy new NSC at the same interest rate. In this, interest is available up to 6.8%. If you want to invest for a short period, then NSC is the right option and it also offers income tax exemption. Also Read: Jio’s great plan, enjoy 62GB extra data and unlimited calling by paying less than 3 rupees
What is VPF?
It is called Voluntary Provident Fund. This is in addition to EPF and is a voluntary contribution. Only those salaried employees who are members of EPFO can invest in VPF. For example, suppose PF money is deducted from your salary and you want to deduct more money from your EPF, then you can do so. In such a situation, this fund is called VPF. Also Read: SBI Customers Alert! SBI is giving 5 lakh rupees for the treatment of Covid-19, know how to
How is it different from PPF?
Public Provident Fund (PPF) is called an investment cum tax-saving instrument. It is guaranteed by the government. The amount invested in this gets locked for 15 years. After 15 years you can extend it for 5 years. One can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh in a year. You can open only one PPF account. In this, the government is currently offering 7.1 percent interest rate.
