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HomePersonal FinancePost Office Superhit Scheme: You will get ₹66,58,288 in a few years...

Post Office Superhit Scheme: You will get ₹66,58,288 in a few years with guaranteed returns, Know complete scheme

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If you want to invest in a scheme in which you get guaranteed returns and your money remains safe, then a post office scheme can be very useful for you. Know here how through this scheme you can add lakhs of rupees in a few years.


Middle class people are often not in a position to take much risk, hence they often prefer to choose those investment options in which they get guaranteed returns. For such people, the Public Provident Fund (PPF) scheme of the post office can be helpful for you. Any Indian citizen can invest in this scheme.

At present, interest is being given in this scheme at the rate of 7.1 percent. You can open PPF account anywhere in post office or bank. In this you get the benefit of compounding. If you want, you can add so much money through PPF scheme that you can fulfill every need from marriage of children to buying a house. Know how here-

Know how Rs 66,58,288 will be added

According to the rules, investment in PPF scheme can be started with Rs 500, while you can deposit a maximum of Rs 1.5 lakh every year. This scheme is for 15 years, but you can extend it in blocks of 5 years. If you invest Rs 1.5 lakh every year in PPF continuously for 15 years, then your total investment will be Rs 22,50,000, but including 7.1 percent interest, you will get total money of Rs 40,68,209.

Whereas if you get it extended once in a block of 5 years and continue the same investment for the next 5 years, then you will invest a total of Rs 30,00,000 in 20 years. According to 7.1, you will get Rs 36,58,288 as interest and you will get a total of Rs 66,58,288 on maturity. With this amount you can easily fulfill the needs of marriage, children’s higher studies and housing. If you start investing in PPF even at the age of 25, you will be the owner of this amount at the age of 45.

Be sure to know these rules related to PPF extension

  • Only citizens living in India can get PPF extension. Indian citizens who have taken citizenship of any other country are not allowed to open a PPF account or if they already have an account, then they are not allowed to extend it.
  • For PPF extension, first of all you will have to submit an application to the bank or post office where you have an account. You will have to give this application before completion of 1 year from the date of maturity.
  • If the period of PPF account is extended for 5 years on your application, then you will have to deposit at least Rs 500 every year. If you do not deposit this minimum amount then your account will be closed. To restart it, you will have to pay a penalty of Rs 50 per year.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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