Investment Policy: The government guarantee available in PPF makes it more reliable. One cannot invest one’s lifetime’s earnings without any confidence.
PPF Fund, Money Investment Whether a person is doing a job or doing business, he wants to invest his money in a very safe way. He also consults his relatives regarding this. But today, when the world is being operated by the Internet, many schemes are easily accessible to the people regarding the investment of money. One such scheme is of the central government. Which is known as PPF scheme. There is a lot of curiosity among the people about this, in this investors get funds worth lakhs of rupees in one go. In this article, we will tell you how you can get full Rs 42 lakh in PPF scheme.
The best and biggest thing about PPF scheme is that with government guarantee, your money and the returns on it are safe. The government guarantee available in PPF makes it more reliable. Because no person can invest his whole life’s earnings without any confidence. Public Provident Fund is the best option for working people and businessmen.
PPF best option for investment
If you want to invest for a long time, then there can be no better option for you than PPF. Because investing for a long time gives you very good returns. You can invest every seven 1.5 lakh rupees in it. In this you get compound interest. Its money is not invested in the stock market, and only pre-decided interest is received on your investment.
Know 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 14 years, then on maturity your money will be 16,27,284. If you increase the deposit for the next ten years in a period of five years, then in 25 years your fund will be around 42 lakhs i.e. 4157 666 rupees. Your contribution in this will be Rs 15,12,500 and the interest income will be Rs 26,45,066.
Can increase investment time
You will be surprised to know that in this scheme you can increase the investment for 5-5 years. You have the option to continue investing or not after 15 years. You also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under 80C. You can also apply for a loan after completion of 5 years in this scheme.
How much amount to open account
You can start investing in PPF scheme with as little as Rs 500. Which is a very small amount by today’s standards. But its benefits will be seen later. You can open it 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 let us tell you that the maturity of PPF scheme is 15 years.
Whether a person is doing a job or doing business, he wants to invest his money in a very safe way. He also consults his relatives regarding this. But today, when the world is being operated by the Internet, many schemes are easily accessible to the people regarding the investment of money. One such scheme is of the central government. Which is known as PPF scheme. There is a lot of curiosity among people about this, in this investors get funds worth lakhs of rupees at one go. In this article, we will tell you how you can get full Rs 42 lakh in PPF scheme.
The best and biggest thing about PPF scheme is that with government guarantee, your money and the returns on it are safe. The government guarantee available in PPF makes it more reliable. Because no person can invest his whole life’s earnings without any confidence. Public Provident Fund is the best option for working people and businessmen.
PPF best option for investment
If you want to invest for a long time, then there can be no better option for you than PPF. Because investing for a long time gives you very good returns. You can invest every seven 1.5 lakh rupees in it. In this you get compound interest. Its money is not invested in the stock market, and only pre-decided interest is received on your investment.
Know 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 14 years, then on maturity your money will be 16,27,284. If you increase the deposit for the next ten years in a period of five years, then in 25 years your fund will be around 42 lakhs i.e. 4157 666 rupees. Your contribution in this will be Rs 15,12,500 and the interest income will be Rs 26,45,066.
Can increase investment time
You will be surprised to know that in this scheme you can increase the investment for 5-5 years. You have the option to continue investing or not after 15 years. You also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under 80C. You can also apply for a loan after completion of 5 years in this scheme.
How much amount to open account
You can start investing in PPF scheme with as little as Rs 500. Which is a very small amount by today’s standards. But its benefits will be seen later. You can open it 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 let us tell you that the maturity of PPF scheme is 15 years.
