Today, we are going to tell you about a small savings scheme where you can earn a profit of ₹12 lakh by investing ₹1 lakh. We are talking about the Public Provident Fund (PPF) scheme.
Investing money is very important. Therefore, everyone should invest. There are many investment options available. Many people invest in Fixed Deposits (FD), while others take risks by investing their money in the stock market. Apart from this, the government also runs several small savings schemes, where people can invest their money safely and earn considerable profits. Today, we are going to tell you about one such small savings scheme, where you can earn a profit of ₹12 lakh by investing ₹1 lakh. We are talking about the Public Provident Fund (PPF) scheme.
Public Provident Fund (PPF) Scheme
Public Provident Fund (PPF) Scheme is a very popular scheme. Individuals are required to invest annually in this scheme. The maximum annual investment limit is ₹1.50 lakh. The minimum investment limit is ₹500. The tenure of the PPF scheme is 15 years. The PPF scheme offers a return of 7.1 percent. Additionally, you can extend the PPF scheme twice for 5 years after 15 years.
Returns on an annual investment of Rs 1 lakh in PPF scheme
If you save Rs 1 lakh annually and invest in PPF scheme for 15 years, you will invest a total of Rs 15 lakh in 15 years. At maturity, you will get a total corpus of Rs 27.12 lakh, resulting in a total profit of Rs 12.12 lakh.
If you wish, you can extend your PPF investment twice for 5 years. Thus, if you invest in PPF for 25 years, you will have a total corpus of Rs 68.72 lakh in 25 years. Thus, you will earn a total profit of Rs 43.72 lakh in 25 years.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
Add businessleague.in as a Preferred Source
