Post Office: Do you want to get good returns with less money? Good news for you though. Doing so will inevitably result in a lower return. And if we go into the full details of this ..
There are many options available to you. It should be remembered that the post office is also one of these . Putting money in the post office has a good return. There is no risk over. Going into the details of the scheme ..
The post office offers a variety of schemes. The Public Provident Fund PPF Scheme is one of them. There is no risk. Pucca returns. If you join the PPF scheme, you can save Rs 100 per day and get Rs 10 lakh in one go.
You can invest between Rs.500 and Rs.1.5 lakh in a financial year in a public provident fund scheme. The interest rate on PPF is currently 7.1 per cent. Maturity period is 15 years. If you save Rs 100 per day and invest Rs 3,000 at PPF at the end of the month, you will get around Rs 10 lakh at the maturity of the scheme.
It also offers tax deduction benefits. It also reviews interest rates every three months. There is also a loan facility on PPF.
