Public Provident Fund: A good portfolio is considered to be one that includes safe investments. Any Indian resident can open a PPF account in his name. A person can open only one PPF account in the whole country, either in a post office or in a bank. You can invest a minimum of Rs 500 to Rs 1.50 lakh in it.
Public Provident Fund (PPF) is a government investment scheme that you can use at the time of your retirement. It gives very safe and guaranteed returns. Due to this it is considered a safe option. A good portfolio is always considered to be one that includes safe investments. With the help of PPF, you can easily create a huge fund till your retirement.
Investment of Rs 3 thousand to Rs 9 thousand
If you invest Rs 3 thousand to Rs 9 thousand in it every month, then how much will you earn in 18 years, let us tell you about it. Public Provident Fund in Post Office is a savings scheme that allows you to save money for a long time. This is a government-backed scheme and it also provides financial security.
Who can open a PPF account?
Any Indian resident can open a PPF account in his name. A guardian can open a PPF account on behalf of a minor or any person. A person can open only one PPF account in the whole country, either in a post office or in a bank. You can invest a minimum of Rs 500 to Rs 1.50 lakh in it.
The return is 7.1 percent
If you invest Rs 3,000 or Rs 6,000 in it, you get an annual return of 7.1 percent. The total investment period in this is 18 years. Let us tell you how much you will get in 18 years if you invest Rs 3,000 every month. If the investment throughout the year is Rs 36,000, then (3,000 × 12) your total investment value in 18 years will be Rs 6,48,000. During this time, the interest will be Rs 6,75,527 and the total amount will be Rs 13,23,527.
How much will an investment of Rs 6,000 be in 18 years?
As per the investment of Rs 6000, if the investment is Rs 72,000 per year (6,000×12), then your total amount in 18 years will be Rs 12,96,000. During this time, the interest will be Rs 13,51,054, which will make the total amount Rs 26,47,054.
