PPF Scheme : Many investors choose safe investment options for themselves. If you are also one of such investors then we have come up with a great investment plan for you. You can invest here and earn regular returns. The investment scheme we are talking about is Post Office Public Provident Fund Scheme. Here you can earn returns without risk.
The special thing about this scheme is that here you can open an account even by paying 100 rupees. Public Provident Fund with a maturity period of 15 years. Post Office Public Provident Fund is a good option for long term investment. The scheme offers more than 7 percent returns to investors.
In this scheme, you can invest up to Rs 1.5 lakh in a year i.e. Rs 12,500 per month. In that case, if you want to earn lakhs, you should know how much you have to invest every month and for how long.
In this savings plan, India Post offers 7.1% annual interest. If you invest 12500 per month, you will get Rs 40,68,209 on maturity after 15 years. The total investment in this scheme will be Rs 22.5 lakh and the interest will be Rs 18,18,209.
500 to 1,50,000 rupees can be invested in this scheme in a financial year. Any Indian citizen above 18 years of age can open this PPF account. Interestingly, exemption is also given under Section 80C of the Income Tax Act.
Advantages of investing here :-
-In this scheme you can claim maturity payment by submitting account closure form along with passbook at post office.
-In this plan you can withdraw once a year or take full payment anytime.
-Also, you can extend the investment limit for another five years.
