Public Provident Fund Scheme: Today we are going to tell you about the Public Provident Fund Scheme of the Government of India. This scheme is very popular in the country. You get many great benefits by investing in PPF scheme.
If you want to invest for a long period of time, then this scheme can prove to be a good option for you. By investing in PPF scheme, you do not have to face the dangers of any kind of market risks. This scheme is completely safe in terms of investment. You get good returns by investing in this scheme. At present, you are getting an interest rate of 7.1 percent by investing in this scheme. The maturity period of PPF scheme is 15 years. However, after 15 years, you can extend the investment period in the scheme for five years each.
In this episode, let us know how you can collect Rs 66.58 lakh by investing Rs 12,500 in the Public Provident Fund Scheme? For this, first of all you have to open an account in the PPF scheme and collect Rs 12,500 every month and invest Rs 1.5 lakh annually.
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If we calculate on the basis of the current interest rate of 7.1 percent, if you make this investment for 20 years, in this situation you will have around Rs 66,58,288.
During this period, you will have to invest a total of Rs 30,00,000. At the same time, you will get an interest rate of Rs 36,58,288 on your investment. With the help of this money, you will be able to fulfill important purposes related to your future.
Investing in the Public Provident Fund scheme also gives you tax exemption under Section 80C of Income Tax. You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually in this scheme.
