Public Provident Fund (PPF) scheme is a popular long term investment option that is being backed by the Government of India. It provides interest rates and returns that are fully exempted from tax. Whereas, Pension accounts or National Provident Fund (NPF) is a kind of investment where a fixed sum is paid on a regular basis. This invested sum becomes available after retirement. A pension plan can also be said as ‘Defined Benefit Plan’. the Employees Provident Fund (EPF) are feasible options for saving money. EPF enables one to save regularly, which can grow into a considerable amount by the time the user retires. Although both the saving options give tax benefits and are government-sponsored schemes, there are basic differences relating to the quantum of tax exemptions that can be utilized, degree of flexibility of determining the equity exposure and rate of return, among other things.