PPF Investment: Invest Rs 1,000 every month, you will get 12 lakhs on maturity know how

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Good News: Family pension limit raised from Rs 45,000 to Rs 1.25 lakh, here is all you want to know
Good News: Family pension limit raised from Rs 45,000 to Rs 1.25 lakh, here is all you want to know

PPF Investment: By investing 1000 rupees every month in PPF, you can get 12 lakh rupees. There is no risk involved in this scheme.


PPF Investment: If you are looking for a better investment, which does not have any kind of risk, then Public Provident Fund (PPF) can prove to be a great option for you. There is no risk in investing in PPF. The reason for this is that the government guarantees complete security on it. You can get better returns by investing in it. You just need to invest carefully. Better returns can be obtained from PPF by investing over a long period of time. You can get more than Rs 12 lakh by depositing just Rs 1000 every month. It was started in 1968 as a small savings scheme by the National Savings Organization.

Know how much interest will you get?

The central government changes the interest rate on the PPF account every quarter. The interest rate is usually between 7 to 8 percent, which may increase or decrease slightly depending on the economic situation. Currently, the interest rate is 7.1 per cent. This is the compound interest rate on an annual basis. This is more than the fixed deposits of many banks.

You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh every year in a PPF account. Its maturity period is 15 years. After that you can withdraw this money or you can carry forward every 5 years.

Know- what is the account of the whole plan?

If you deposit 1000 rupees every month in PPF account, then in 15 years your investment amount will become 1.80 lakh rupees. An interest of Rs 1.45 lakh will be available on this. That is, after maturity, you will get a total of Rs 3.25 lakh. Now if you extend the PPF account for another 5 years and continue investing Rs 1000 every month, your total investment amount will be Rs 2.40 lakh. Interest of Rs 2.92 lakh will be available on this amount. In this way after maturity you will get Rs 5.32 lakh.

If you extend it thrice for 5-5 years after the maturity period of 15 years (total thirty years) and continue investing Rs 1000 every month then the total amount invested by you will become Rs 3.60 lakhs 8.76 lakhs Will get interest on it. In this way, a total of Rs 12.36 lakh will be available on maturity.


Loan facility is also available

If you have invested in PPF, then the facility of taking loan is also available on this account. But to take advantage of this, it will be available in the third or sixth year of account opening. You can also withdraw a small amount after the completion of 6 years of the PPF account.

 

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