Retirement Plans: Whether you do a government job or private, everyone should have a retirement plan. A right retirement plan makes your life easier after the job. Recently, whether a person is in a government job or a private job, most of the people do not get pension. Here we are talking about such a scheme which will give you a secure future. Along with this, your income tax will also start saving.
Which is this scheme?
We all know about the PPF scheme. Under Public Provident Fund i.e. PPF scheme, you can open your account in any nearest post office or any bank branch. In this, at least Rs 500 to Rs 1,50,000 can be deposited. The interest of the money deposited in it is added to the account on the last day of the year. At present, the government gives interest at the rate of 7.1 percent.
This way you will get 2 crore 26 lakh rupees
If you open an account at the age of 25 and deposit Rs 1.5 lakh in the account every year on April 1, then at this rate Rs 10,650 more will be deposited in the account on March 31 of the next year. After this, on the first day of the financial year, you will have a total of Rs 1,60,650 in your account. Next year, if you deposit Rs 1.5 lakh again, this amount increases to Rs 3,10,650, on which you get a profit of Rs 22,056.
Similarly, if you deposit money for 15 years, then Rs 40,68,209 will be deposited in your account after maturity. Let us tell you that it can be extended further. When your account completes 20 years, then the total amount in the account will be Rs 66,58,288. Similarly, if your account runs for 35 years, then you will get maturity amount of Rs 2 crore 26 lakh.
