If you want to invest in a good scheme for a long period of time, then this news is especially for you. Today we are going to tell you about a very wonderful scheme of the government, where you can collect Rs 82.46 lakh by investing just ten thousand rupees.
The name of this scheme is Public Provident Fund Scheme. This scheme is very popular in the country. Many people are investing in it. At present, you are getting an interest rate of 7.1 percent on investing in this scheme. By investing in the Public Provident Fund Scheme, you also get income tax benefits. This scheme is completely safe in terms of investment. By investing in it, you get guaranteed returns. In such a situation, this scheme can prove to be very beneficial for you in terms of investment.
In PPF scheme, you can invest up to Rs 1.5 lakh in a financial year. The minimum investment limit is fixed at Rs 500. You can invest in Public Provident Fund scheme for a maximum period of 15 years.
However, after the investment period of 15 years, you can invest for another five years each. If you also want to collect a big fund of Rs 82.46 lakh by investing ten thousand rupees, then let’s understand this mathematics of investment in detail –
For this, first of all you have to open your account in PPF scheme. After opening the account, you have to save 10 thousand rupees every month. In this way you will have Rs 1,20,000 annually.
You have to invest this amount in PPF scheme every year. You have to invest Rs 1,20,000 annually in PPF scheme for a total of 25 years. If we calculate at the current interest rate of 7.1 percent, then you will have Rs 82,46,412 after 25 years.
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