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Post Office Scheme: Investing ₹ 1000 in Post Office PPF Scheme will give you ₹ 3,25,457, see calculation

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Post Office Scheme: Investing ₹ 1000 in Post Office PPF Scheme will give you ₹ 3,25,457, see calculation

Best Investment Options: PPF is a good option for first time investors. It is a safe investment option. Also, there is no tax liability in this investment option. Here the investor gets the benefit of compound interest rate. If you invest Rs 1,000 every month here, you will invest Rs 12,000 in a year. If you invest regularly here for 15 years, a total of Rs 1,80,000 will be invested

Post Office Scheme: Rohit has recently got a job in a private company. Rohit is still unmarried, so he does not have major financial responsibilities. Rohit is very aware about investment. He keeps thinking about new investment options. He has decided that when he gets a good salary, he will start investing after marriage. Like Rohit, many young people in the country think the same. They think that when they get some big money, then they will start investing. Experts say that this is not the right decision. One should start investing as soon as possible. Also, it is not necessary that a large amount is needed for investment. Investment can be started even with small savings. If your income is very low, then you can start investing with just Rs 1,000. Today we will tell you about three such investment options, where you can start investing with just Rs 1,000 and collect a good fund.

Public Provident Fund (PPF)

PPF is a good option for first-time investors. It is a safe investment option. Also, there is no tax liability in this investment option. Here the investor gets the benefit of compound interest rate. If you invest Rs 1,000 every month here, you will invest Rs 12,000 in a year. If you invest regularly here for 15 years, then a total of Rs 1,80,000 will be invested. Now according to the current interest rate of 7.1 percent, the interest amount will be Rs 1,45,457. In this way, in the 15-year lock-in period of PPF, you will have a total deposit of Rs 3,25,457. In this way, you can deposit Rs 3.25 lakh by investing only Rs 1,000 per month in PPF.

Recurring Deposit (RD)

RD is a popular investment option among small investors. Through this, a person can invest his small savings. Here also you can invest Rs 1,000 every month. Customers can open their RD account by going to the bank (Bank RD) and post office (Post Office RD). Investors can do RD from six months to ten years in the bank. On the other hand, RD is only up to five years in the post office. However, RD gives less interest than PPF. Talking about tax, if your interest on bank RD is more than Rs 40,000, then TDS is deducted. At present, 5.8 percent interest rate is being given in RD in post office. This is a better interest rate than the RD of banks. If you invest Rs 1,000 every month in post office RD, then Rs 60,000 will be deposited in five years. On this, you will get interest of Rs 9694 at the rate of 5.8 percent. In this way, you will be able to deposit a fund of Rs 69,694. No TDS is deducted on the interest received in post office RD.

Mutual Funds

Mutual Funds are a very popular investment option these days. If you want to earn good profits by including equity in your investment portfolio, then Mutual Funds are a good option. However, it is not a safe investment option like PPF and RD. Mutual Funds give good returns, but there is some risk in it too. A fixed amount is invested in Mutual Funds every month through SIP. If you make a SIP of Rs 1,000, then in five years you will be able to invest a total of Rs 60,000 in Mutual Funds. At an average return of 10 percent on this amount, you will have a fund of Rs 78,082. If you take the investment period to 15 years, then you will be able to deposit Rs 1,80,000 and a fund of Rs 4,17,924 will be created.

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