Employee Provident Fund or FD - Better Investment option
Heena Rajendrakumar Juneja (Chartered Accountant) (25 Points)
07 January 2019Heena Rajendrakumar Juneja (Chartered Accountant) (25 Points)
07 January 2019
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 07 January 2019
PF money can be withdrawn after 5 years from the date of 1st investment to enjoy tax free benefit and that too only 75% withdrawal is allowed so if you dont need money in case of any emergency then let it be in PF since it gives 9% interest which is 3% more than what FD gives but i would prefer investing in FD since it can be broken anytime more better option will be mutual funds though.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 07 January 2019