Make Lakhs of Fund by Investing just Rs.70 in these Schemes

Investment Tips: The PPF scheme of the post office is one of the most popular savings schemes. PPF is managed by the central government, so your money in the PPF account is safe and you also get guaranteed returns.
Image Credit: Abp News
Image Credit: Abp News

Investment Tips: The PPF scheme of the post office is one of the most popular savings schemes. PPF is managed by the central government, so your money in the PPF account is safe and you also get guaranteed returns.

If you are looking for a good investment option, then post office schemes are the best option for this work. In this, where your money will be safe, you will also get guaranteed returns. From the many schemes of the post office, you can choose one according to your need. Today we are going to tell you about PPF i.e. Public Provident Fund Scheme.

The PPF scheme of the post office is one of the most popular savings schemes. PPF is managed by the central government, so your money in the PPF account is safe, and guaranteed returns are also available. The maturity period of PPF is 15 years. If you deposit about 70 rupees daily in this, then you can create a fund of lakhs of rupees.

Image Credit: Abp news
Image Credit: Abp news

Know-how

  • In PPF, if you deposit Rs 2000 every month i.e. about Rs 70 per day, then in a year you will deposit Rs 24000.
  • By depositing Rs 24000 every year for 15 years, your total investment amount will be Rs 3.60 lakh.
  • According to the current interest rate of PPF (1 percent), the interest will be Rs 2,90,913.
  • In this way, you will get a total amount of Rs 6.50 lakh on maturity after 15 years.

It has been calculated on the basis of this

  • This calculation has been done here on the basis of the 1 percent interest rate of PPF which is considered for the entire period.
  • Keep in mind that the interest rates of post office schemes are reviewed every quarter.
  • However, there has been no change in the interest rates of post office schemes for the last several quarters.
  • If someone invests in PPF and the interest rates increase then his maturity amount will increase.

Features of PPF account

  • Any Indian citizen can open a PPF account.
  • PPF account can also be opened in the name of a minor.
  • To open a PPF account, a minimum of Rs 500 is required.
  • Apart from the post office, PPF accounts can also be opened in branches of banks.
  • The maturity period of PPF is 15 years but in certain circumstances, withdrawal is allowed earlier.

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