PPF Investment: If you want to invest in a good place, where you do not have to face any kind of market risks. In such a situation, today we are going to tell you about a very wonderful scheme of the government. This scheme of the government is very popular across the country. Its name is Public Provident Fund. At present, by investing in this scheme, you are getting an excellent interest rate of 7.1 percent. Money invested in Public Provident Fund matures in 15 years. If you also want to collect more than Rs 9 lakh by investing Rs 3,000 in Public Provident Fund. In such a situation, let us understand this entire mathematics of investment in detail –
For this, first of all you have to go to your nearest bank or post office and open a PPF account. After opening the account, you have to save Rs 3,000 every month and invest Rs 36,000 annually in PPF.
If calculated on the basis of current interest rate of 7.1 percent, then at the time of maturity after 15 years, you will have around Rs 9,76,370. During this period you will have to invest a total of Rs 5,40,000.
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