PPF Interest Rate: At present, a maximum of Rs 1.5 lakh can be invested in a PPF account in a financial year. In such a situation, people must keep in mind that how much they have to invest for 15 years. For this, it is necessary to make a target and walk.
PPF Account: Public Provident Fund ie PPF is one of the most preferred instruments among investors for long-term and risk-free investment. Tax saving benefits and tax free returns make PPF an ideal investment for long term financial goals. On investing in PPF, its maturity amount is achieved after 15 years. In such a situation, a question definitely remains in the mind of the people that how much money should be invested in it. Let’s know about it…
PPF
At present, a maximum of Rs 1.5 lakh can be invested in a PPF account in a financial year. In such a situation, people must keep in mind that how much they have to invest for 15 years. For this, it is necessary to make a target and walk. At present, interest is being given in PPF on the basis of 7.1 percent per annum.
PPF balance
At the same time, your investment in PPF should be in line with your financial goals. If you are clear about your goals, you can immediately answer how much you should save in your PPF account. Suppose you need Rs 25 lakh in 15 years for the education of your children.
PPF amount
So, if you save Rs 1 lakh annually and if we calculate the current interest rate of 7.1%, then your total amount on maturity after 15 years will be Rs 27,12,139. Depending on your requirement, you can put your money in PPF account. The interest rate in the PPF scheme is decided by the Central Government and is declared on a quarterly basis.
PPF login
As you get older, your risk taking ability also gets affected. PPF is an ideal low-risk option to include in your portfolio, but it should not be the only one. Explore other low risk investments considering important factors like returns, liquidity and tenure. Ultimately the focus should always be on building a balanced portfolio and being disciplined with your investments.
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