If you want to make a safe and profitable investment for the future, then the Post Office’s PPF (Public Provident Fund) scheme can be a great option. This is a government scheme that gives you good returns in the long term. This scheme run by the government not only gives tax benefits to investors, but its interest is also completely tax free.
Process of investing in PPF
In the PPF scheme, you get the option to deposit from ₹ 500 to ₹ 1.5 lakh every year. If you deposit an amount of ₹ 25,000 every year, then this scheme can prove to be very beneficial for your financial security. The maturity period of this scheme is 15 years, after which you can get your full amount and interest.
How much will you get if you deposit ₹25,000 annually?
If you deposit ₹25,000 every year and get 7.1 percent annual interest on it, then after 15 years you will get a total return of about ₹6,78,035. This will include both your deposit amount and interest. This proves that regular investment in PPF scheme can give good returns on your investment over time.
The perfect combination of safety and benefits
PPF is a scheme in which your money is safe and you also get good returns. Apart from this, you also get tax exemption on investing in PPF scheme, which makes it even more attractive. This scheme gives you confidence about your financial security, as it is stable and beneficial for the long term.
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