PPF vs FD - Which is better Option for Investing | Fixed Deposit Schemes - HDFC Sales

1. Issuing Banks -
PPF - PPF is issued by authorized Banks.
FD - FD is issued by Banks & NBFCs.

2. Eligibility -
PPF - PPF is eligible only for Indian citizens.
FD - FD is eligible for Residents, HUFs, Trusts, Corporation Firms, NRIs, etc.

3. Tenure -
PPF - PPF tenure ranges from 7 years to 15 years.
FD - FD tenure ranges from 7 days to 10 years.

4. Withdrawal Policy-
PPF - Premature withdrawal is allowed after the completion of 5 years.
FD - Money withdrawal depends on Bank policy.

5. Loan Facility-
PPF - Loan on PPF is possible after 3 years of account opening.
FD - Most Banks offer overdraft option upto 90% of the balance.

6. Joint Account -
PPF - Joint Account is not allowed.
FD - Joint Account is allowed.

7. Deposit Limit -
PPF - Maximum deposit amount is Rs 1.5 Lakhs.
FD - There is no upper limit for the deposit.

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