PPF: In the era of inflation, it is becoming very difficult for people to save for the future by running their daily expenses. Post Office Public Provident Fund (PPF) scheme can prove to be the best for you to meet your long term goals and increase your savings
PPF: In the era of inflation, it is becoming very difficult for people to save for the future by running their daily expenses. The Public Provident Fund (PPF) scheme of the post office can prove to be the best for you to meet your long-term goals and increase your savings. This scheme not only gives you the option of safe savings, but you can also become a millionaire by saving in it. At present, 7.1 percent interest is being received on this. We are telling you about it in detail…
Minimum investment will be Rs 500
PPF account can be opened with just Rs 500. You can deposit up to a maximum of Rs 1.5 lakh annually in your PPF account.
You will get 40 lakhs on maturity on saving 12,500
If you deposit Rs 12,500 in your PPF account every month, you will get a total of Rs 40.68 lakh on maturity. PPF account matures in 15 years. However, after maturity, you can also extend it for 5-5 years. That is, you can invest in this scheme for a total of 25 years. You can withdraw your money after 15, 20 or 25 years.
| monthly investment | 15 years will get this much money (Rs) | 20 years will get this much money (Rs) | 25 years will get this much money (Rs) |
|---|---|---|---|
| 1000 | 3.18 | 5.24 | 8.17 |
| 2000 | 6.37 | 10.49 | 16.35 |
| 3000 | 9.55 | 15.73 | 24.52 |
| 5000 | 15.92 | 26.23 | 44.88 |
| 10,000 | 31.85 | 52.45 | 81.76 |
| 12,500 | 39.82 | 65.57 | 1.02 crore |
