PPF Investment: Big news! Deposit Rs.12500 every month, Get 1 crore rupees profit, Know complete scheme

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PPF Investment: Big news! Deposit Rs.12500 every month, Get 1 crore rupees profit, Know complete scheme
PPF Investment: Big news! Deposit Rs.12500 every month, Get a profit of Rs 1 crore, Know complete scheme

PPF Investment: Public Provident Fund is a long term savings. At present, interest is being received on PPF at the rate of 7.1 percent compounding interest.



PPF Investment: If the planning for the new financial year has started, then there must be a special product in your investment portfolio. Public Provident Fund. This is a small saving scheme. If you make a habit of saving through this, then you have become a millionaire. If you invest every month in Public Provident Fund (PPF) scheme, then the goal of becoming a millionaire in the next 25 years will be fulfilled. Public Provident Fund is a long term savings. At present, interest is being received on PPF at the rate of 7.1 percent compounding interest.

Where to invest in PPF?

You can open a Public Provident Fund (PPF) account in the post office or bank branch. This account can be opened with just Rs 500. In this, up to Rs 1.50 lakh can be deposited annually. The maturity of this account is 15 years. But, after maturity, there is a facility to extend it further in the bracket of 5-5 years.

32 lakh rupees will be made by saving 6000 rupees

Every month you will be saving around Rs 6000. Now if you invest Rs 6000 in a monthly PPF account and maintain it for 20 years, then you will get Rs 3,195,984 on maturity. This calculation has been done assuming 7.1 percent annual interest rate for the next 20 years. The maturity amount may change when the interest rate changes. Compounding in PPF happens annually.

Benefits of starting at a young age

Suppose your age is 25 and you have 30-35 thousand monthly income. In the initial days, you do not have much liability, so saving Rs 200 per day is easy. In this way, at the age of 45, you can get a fund of about Rs 32 lakh from PPF.

How interest is added on PPF

Interest is added on the amount deposited in your PPF account from the 5th to the last of the month. So keep in mind the 5th of the month and make your monthly contribution before that. After this, if money comes in the account, then interest will be added on the same amount, which is in the account before the 5th.

Calculator: How to make 1 crore fund

The maturity of PPF is of 15 years and the maximum amount that can be deposited in the account every month is Rs 12500 i.e. Rs 1.5 lakh annually. Here you have to make a maximum contribution of Rs 12500 before 5th of every month till maturity. The total value on maturity will be Rs 40,68,209 at 7.1 per cent per annum interest. There is also an option to extend the PPF account for 5 to 5 years after maturity. In such a situation, if the contribution continues for 25 years, the total value of your investment with compounding interest will be Rs 1.03 crore (Crorepati Calculator).

Calculator: To Maturity

  • Maximum Monthly Deposit: Rs 12,500
  • Interest Rate: 7.1 percent per annum
  • Amount on maturity after 15 years: Rs 40,68,209
  • Total Investment: Rs 22,50,000
  • Interest Benefit: Rs 18,18,209
  • Calculator: For Funds of 1 Crore
  • Maximum Monthly Deposit: Rs 12,500
  • Interest Rate: 7.1 percent per annum
  • Amount on maturity after 25 years: Rs 1.03 crore
  • Total Investment: Rs 37,50,000
  • Interest Benefit: Rs 65,58,015

Benefits of PPF

There are many benefits of opening a PPF account. The biggest benefit you will get in tax saving. This is because one can take tax deduction under 80C on deposits of Rs 1.50 lakh annually in PPF. For this, maturity fund and interest income are also tax free.