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PPF vs Fixed Deposit

Compare PPF tax-free returns and lock-in against taxable bank FD rates.

FactorPPF (illustrative)Bank FD
Tax on returnsExempt (EEE)Taxable as per slab
Lock-in15 years (partial withdrawal after 7)Flexible tenure
Typical rate~7.1% (govt set)6–7.5% bank
Verdict: PPF wins on post-tax returns for long-term savers in higher tax brackets. FD wins on flexibility and liquidity.

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