Many people are investing their savings in this scheme. By investing in PPF scheme, you will not have to face any kind of market risks. This scheme is very safe in terms of investment.
If you want to invest in a scheme for a long period of time, then 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. This scheme is very popular in the country. It is also known as PPF. Many people are investing their savings in this scheme.
By investing in PPF scheme, you will not have to face the dangers of any kind of market risks. This scheme is very safe in terms of investment. Along with giving guaranteed returns, this scheme also gives many great benefits. If you want to save tax as well as create a large fund for a long period of time, then Public Provident Fund is a good option for you.
You get attractive interest rates by investing in PPF scheme. Currently, you are getting an interest rate of 7.1 percent by investing in this scheme. The maturity period of PPF scheme is 15 years. The investment made by you gets matured in 15 years.
You can invest a minimum of Rs 500 in this scheme. The maximum investment limit is fixed at Rs 1.5 lakh per annum. Under this scheme, after the maturity period is over, you can invest further for 5-5 years.
If you want to raise a large fund of about 36 lakh rupees by saving 11 thousand rupees, then 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 11 thousand rupees every month and invest Rs 1,32,000 annually in it.
You have to make this investment 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 be able to collect around Rs 35,80,024. In the future, this money will work to empower you financially.
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