Public Provident Fund (PPF)

1	Maturity Period	15 Years
2	Minimum Limit	Rs. 500/- in a financial year
3	Maximum Limit	Rs. 1,50,000/- in a financial year
4	Who can invest?	(i) An individual (Above 18 years)
		(ii) A guardian on behalf of a minor
5	Withdrawals	Withdrawal permitted from 6th financial year.
6	Loan Facility	Loan facility available from 3rd financial year upto 5th financial year.
7	Tax Rebate	Investment up to Rs. 1,50,000 per annum qualified for IT Rebate under section 80 C of IT Act.

Company Fixed Deposits

Fixed Deposit is the appropriate savings instrument if you are looking at assured returns. Fixed Deposits in companies that earn a fixed rate of return over a period of time are called Company Fixed Deposits. Company Fixed Deposits offer higher returns compared to banks. At the same time they provide flexibility for premature encashment, subject to payment of prescribed penalty. Company Fixed Deposits are non transferable ie. there is no fear of FD receipt being stolen. In case it falls into wrong hands, it cannot be misused.

Types of Companies offering Fixed Deposits

• Financial Institutions
• Non-Banking Finance Companies (NBFCs).
• Manufacturing Companies
• Housing Finance Companies
• Government Companies