Public Provident Fund Scheme: Today we will tell you how you will get full 42 lakh rupees in PPF scheme. Yes… Along with government guarantee, money security is also available in this. Public Provident Fund is a great option.
PPF Scheme Latest Updates: A lot of craze is being seen among the people regarding the PPF Scheme of the Central Government. This is such a scheme of the government, in which investors get funds worth lakhs of rupees at once. Today we will tell you how you will get full 42 lakh rupees in PPF Scheme. Yes… Along with government guarantee, money security is also available in this. Public Provident Fund is a great option.
PPF is the best option for investment
PPF Scheme is the best option to invest money according to long term (PPF Scheme Long Term). You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compound interest. Along with this, the ups and downs of the market do not have any effect on such government schemes.
How to get 42 lakh rupees
If you invest Rs 5000 every month in PPF Scheme. So your investment for the whole year will be Rs.60,000. If you invest it for 15 years, your money on maturity will be Rs 16,27,284. If you increase the deposit amount for the next 10 years in a period of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). Your contribution in this will be Rs 15,12,500 and interest income will be Rs 26,45,066.
where can i open an account
You can start investing in the Public Provident Fund Scheme with a minimum of Rs 500. You can get it opened from anywhere in your nearest post office or bank. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.
There is also a chance to increase the block
In this scheme, account holders around you can apply to increase it in a block of 5-5 years. In this, he also gets the option of continuing or not continuing the contribution.
You can also apply for loan
You also get the benefit of tax exemption in PPF Scheme. In this scheme, you can take advantage of tax exemption under section 80C. The amount received from interest in this scheme is also tax free. You can also apply for a loan after completion of 5 years in this scheme.
