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PPF great scheme: deposit every month Rs 12,500, meet on maturity Rs 40 lakh, check detail

PPF great scheme: Post office public provident fund is a better option for long term investment.

PPF great scheme: If you are one of those investors looking for investment options without any risk, here is an amazing savings plan for you. You can invest in a short savings plan of the post office which has high returns with no risk factors involved.

Account for this scheme can also be opened from Rs 100. One such post office small savings scheme is Post Office Public Provident Fund (Post Office Public Provident Fund ) which has a maturity period of 15 years.

Post office public provident fund is a better option for long term investment. Investors will be given more than 7 per cent return in this scheme. In this scheme you can invest up to Rs 1.5 lakh in a year i.e. Rs 12,500 every month. In such a situation, if you want to earn in millions then you should know how much you have to invest every month and for how long.

How to get 40 lakh rupees
In this savings scheme, India Post offers an annual interest of 7.1. According to the calculation, if you invest Rs 12500 for the month, you will earn Rs 40,68,209 at maturity after 15 years. The total investment in this scheme will be Rs 22.5 lakh and interest will become Rs 18,18,209.

The scheme can be invested from Rs 500 to Rs 1,50,000 during a financial year. Any Indian citizen over the age of 18 can open this PPF account. Interestingly, exemption is also given under section 80C of the Income Tax Act.

These are also the benefits of the scheme…
In this scheme you can claim maturity payment by submitting the account closure form with the passbook at the post office.
In this scheme you can withdraw once a year or take full payment anytime.
In addition, you can increase the investment limit for five more years.

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