PPF Investment: If you want to get a good return on your savings, then this news is especially for you. Today we are going to tell you about a very great scheme, where you can collect a fund of more than Rs 32 lakh in a few years by investing just Rs 10,000.
In this, you have to invest in the government’s Public Provident Fund Scheme. PPF is a great investment scheme run by the government. By investing in it, you are getting an interest rate of 7.1 percent annually. In today’s time, the pace of inflation is increasing rapidly. In such a situation, by investing in this scheme, you can get a good return on your money in the long term. Public Provident Fund Scheme is very popular in India. Many people in the country are investing in it.
In PPF scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually. The money invested by you in this scheme matures in 15 years.
However, after maturity, you can extend your investment period for five years each. In PPF, you get returns based on compound interest rate. In this episode, let us understand how you can save Rs 10,000 and collect a fund of more than Rs 32 lakh in a few years?
In this, you have to save 10 thousand rupees every month and collect 1,20,000 rupees every year. You have to invest 1,20,000 rupees every year in the Public Provident Fund Scheme for 15 years.
If you invest Rs 1,20,000 every year in PPF scheme for 15 years, then if we calculate at the current interest rate of 7.1 percent, then after 15 years, at the time of maturity, you will have Rs 32,54,567.
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