Comparison of KVP, NSC, PPF and Bank FDs

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• sir can u confirm me that what is the difference between if i buy NSC direct from post office or there agents sitting in office.

  is there any commission cut from my investment or my return if i buy throw agents because he offer me that i give u half commission which i have received. Pls confirm thanks

  • Dear Sanjeev,
    There is no difference for you. The agent's commission will be compensated by Post Office.

• I m investing 2000/month in sukanya samriddhi account since last 1 year, now I wants to increase this monthly amount, can I do and can I get benefit of this account scheme, pls suggest.

  • Dear Umanath,
    Yes, you can do so.

• Hi Sir,

  Could you provide the updated comparison on this article with the latest interest rates and updates. If there is no change, that's fine.

  Thanks,
  Sathya

  • Dear Sathya,
    There is no such major changes.

    • Thanks for the reply sir.

• Hi sir,

  Please discuss about LIC VS NSC / PPF.

  Thanks in advance

  • Dear Sathya,
    Surely and thanks for your suggestion.

• Hi sir,
  Can you add ELSS also in the above comparison? and also please discuss about LIC VS NSC.

  Thanks in advance.

  • Dear Sathya,
    You are trying to compare an apple with mango. ELSS are equity products. Hence, don't compare them with debt products.

    • Understood sir.. I am 27 and i am investing in 5 equity mutual funds through SIP. Planning to invest more and i don't have much knowledge about other products. So, i thought of having all the features of all products at one place. Hence asked for it.

      • Dear Sathya,
        Either you have to learn on your own or hire some planner if you are finding it difficult.

• Good morning sir, I am retired Ex service man. My age is 40 Years. Please suggest some good plan so that I can get monthly income from the investment.

  • Sandeep-You can use Postal MIS, LIC's Jeevan Akshay or Pradhan Mantri Vaya Vandana Yojana.

• Sir,

  1. Can I invest my money in National Savings Certificate (NSC) in my wife’s name who is a house wife? i.e; I will be issuing the cheque for buying NSC. Is it okay?
  2. Or should I necessarily transfer this money in her name and then she invests?
  3. Is there any Income tax rule that she has to purchase this NSC from her own income?
  4. What about the taxation? Will it be taxed on me or my wife when it matures?
  5. Is there any income Tax rule that the income will be clubbed to mine and taxed in my name?

  • Vasavan-Better to use second option. There is no such rule that the money should be from her income to invest. You can transfer the money to her and she can invest. The tax benefit (under Sec.80C) will be applicable to you (as it is your income) and the income is taxed to you but not to your wife.

    • Sir,

      When I gift my money to my mother, it is taxable on her, whereas when I gift it to my wife it is taxable on me. Why is it so?

      • Vasavan-Because of clubbing of IT Rules.

• I want invest 3000 per month or 36000 per year ( any one ). Which will be the best option for best return ( investment or insurance ) ?
  My age 34
  Want to invest 15 years to 25 years.
  Want tax savings.

  • Amit-If your aim is to INVEST, then why you are running behind INSURANCE?

    • I just want good secured return.
      Also I am state government employe.
      One of pli agent inform me if I invest 3000 (approx) monthly for 26 years then I will receive approx 26 lacks. With tax relaxation.

      I just want good secure tax free return.

      • Amit-First rule-Never combines insurance and investment. Second rule-Never trust any advisers.

• I am 60 years old. I have 60 lakhs in LIC Superannuation fund. I believe I can commute 1/3rd and have to choose a Pension plan for the rest ! What is the best pension plan among the ten offered by LIC ? I have no other financial burdens.

  • Purnachand-Ten offered by LIC?

    • 9. Type of Pension Option elected : ____________________________________________
      (Tick appropriate option)
      a. Life Pension
      b. Pension guaranteed for 5 yrs + life
      c. Pension guaranteed for 10 yrs + life
      d. Pension guaranteed for 15 yrs + life
      e. Pension guaranteed for 20 yrs + life
      f. Life pension with return of corpus
      g. Joint life pension with return of corpus
      h. Annuity for life increasing at a simple rate of 3% p.a.

      i. Annuity for life with a provision for 50% of the annuity payable to the spouse on death of the annuitant.

      j. Annuity for life with a provision for 100% of the annuity payable to the spouse on death of the annuitant.

      • Puurnachand-Depends on your requirement. How can I say which is best suitable to you?

• Hi,

  I am earning 50K per month. My monthly savings are 30k. Currently my age is 29years old. Where should I invest money. I have a 6 month old baby.

  • Tarun-Planning can't be done with mere 2-3 lines of sharing.

    • thanks for quick n polite response. much appreciated.