New Delhi. At The Age Of Retirement, Everyone Wants To Get A Lump Sum Amount So That By Investing It, Old Age Can Be Easily Cut. There Are Many Schemes For This, But The Safest And Best Scheme Is PPF (Public Private Fund). Although This Scheme Has A Locking Period Of 15, But If You Keep Increasing It By 5-5 Years, Then By Going To The Age Of 60, This Daily Investment Of Rs 33 Can Give You A Huge Amount, Which Can Be Invested In Some Other Scheme As A Monthly Pension. And The Principal Amount Will Also Be Saved.
For This, As Soon As Possible, You Should Start Investing Money In This Scheme. As Soon As Getting A Job In The Young Age, People Think Whether They Enjoy Investing Now. But Let Us Tell You That This Is The Right Time To Invest. Suppose A Person Is 20 Years Old. If He Has Got A Job Then It Is Good Thing Else He Can Invest In It Even With Pocket Money. The Investment Amount Is Nominal. If You Start Investing In 20 Years And After 15 Years Increase It In 5-5 Year Slots And Continue This Scheme For The Next 35 Years, Then After 55 Years You Can Get More Than 26 Lakhs.
If You Have Started Investing In This Scheme In 25 Years, Then You Can Get A Lump Sum Amount Of More Than 26 Lakhs After 60 Years. However, The Whole Game Depends On The Interest Rate. This Amount May Increase If The Interest Rate Rises. If It Is Less, Then There May Be A Slight Difference. At Present, The Interest Rate On It Is 7.1 Percent. Since The Interest Rate For PPF Is Determined By The Government Every Quarter. The Interest Rate Of PPF Has Been Fixed At 7.1% For The First Quarter Of The Year 2021-22 I.E. From 1st April To 30th June 2021.
Most Important Thing:
It Comes Under Exempt-Exempt-Exempt (EEE) Category. Which Means The Principal Amount, Maturity Amount As Well As The Interest Earned Will Not Be Taxed. That Is, Income Tax Exemption Is Also Available On The Amount Invested In PPF. Also, The Interest Received Will Also Remain In The Purview Of Exemption. These Can Be Opened In Any Bank Or Post Office.
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