The best thing about investing is that the sooner you start it, the more beneficial it proves to be. If your daughter is still young, you can raise lakhs of rupees after a few years by investing in a good scheme for her marriage right now.
With the increase in inflation, the expenses incurred in marriage are also increasing a lot. If you have a daughter in your house and you are planning to collect money for her marriage, then you can easily meet the expenses of the daughter’s marriage by adopting the right investment strategy. The most important thing about investment is that the sooner you start it, the more beneficial it proves to be.
If your daughter is still young, then you can raise lakhs of rupees after a few years by investing in a good scheme for her marriage. Today we are going to tell you about a great investment scheme of the government. The name of this scheme is Public Provident Fund Scheme. The special thing about this scheme is that this scheme is completely safe. By investing in it, you do not have to face the dangers of any kind of market risks.
You can invest in PPF scheme for 15 years. However, after completion of the investment period of 15 years, you can extend your investment period for five years each. Currently, you are getting an interest rate of 7.1 percent on investing in this scheme.
In PPF scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually. By investing in this, you also get tax exemption under Section 80C of Income Tax. In this context, let us understand the mathematics of investment, with the help of which you can invest Rs 12,000 every month and collect a huge fund of Rs 39 lakh in a few years for your daughter’s marriage.
For this, first of all you have to open an account in PPF scheme. After opening an account in PPF scheme, you have to save Rs 12,000 every month and invest about Rs 1,44,000 every year in it.
You will have to invest this amount of Rs 1,44,000 annually for a total of 15 years. If we calculate at the current interest rate of 7.1 percent, then after 15 years, at the time of maturity, you will have around Rs 39,05,481. With the help of this money, you will be able to marry your daughter with great pomp and show.
Related Articles:-
- SIM card rules: Govt has made the rules strict, if this work is not completed, dealers will not be able to sell SIM cards
- Public Holiday- Government has declared holiday on Wednesday and Thursday, schools and colleges will remain closed
- Train Cancelled: Railways has cancelled 70 trains going towards these cities. Routes of dozens of trains have been changed
- FASTag: Big relief for highway travelers, vehicle owners benefit from the new rules of FASTag
- 8th Pay Commission: Salary will be decided on this formula in 8th Pay Commission, understand how much salary will increase
