Post Office Schemes: The name of this scheme is Public Provident Fund Scheme. It is also known as PPF. The special thing is that by investing in this scheme, you do not have to face any kind of market risks.
Most people in the country keep their savings from their income in a bank savings account. In the present times, the rate of inflation is increasing rapidly, in such a situation, apart from the savings account, the savings should be invested in a good scheme from which you get good returns. In this connection, today we are going to tell you about a very good investment scheme of the government, which is very popular in the country.
The name of this scheme is Public Provident Fund Scheme. It is also known as PPF. The special thing is that by investing in this scheme, you do not have to face any kind of market risks. Your money invested in it remains completely safe. If you are planning to invest in a scheme for the long term, then this scheme is a better option for you.
Mutual Fund Rules Change: Do you also invest in mutual funds? SEBI has changed these rules
By investing in PPF scheme, you get an annual interest rate of 7.1 percent. In this scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually. The maturity period of PPF scheme is 15 years.
However, after the maturity period of 15 years in the PPF scheme is over, you can extend the investment period for 5-5 years. In this context, let us understand the mathematics of investment with the help of which you can become a millionaire by saving Rs 12,500.
In this, first of all you have to open an account in PPF scheme. After opening the account, you have to save Rs 12,500 every month and invest Rs 1.5 lakh annually in this scheme. You have to continue investing Rs 1.5 lakh annually for 25 years.
After 25 years, you will be able to collect around Rs 1,03,08,015. During the investment period, you will have to deposit around Rs 37,50,000. At the same time, you will get a total interest rate of Rs 65,58,015 on your investment.
