Many types of schemes are being run by the government for investment, in which people can earn good profits by investing. One of these schemes is the Post Office PPF or Public Provident Fund Scheme. You can collect a large fund by investing a little in the Post Office PPF scheme.
Post Office PPF Scheme: Every person wants to invest his money in a scheme where he gets more profit on his investment. Many types of schemes are being run by the government for investment, in which people can earn good profits by investing. One of these schemes is the Post Office PPF or Public Provident Fund Scheme. You can collect a huge fund by investing a little in the Post Office PPF scheme. Along with this, you can also get interest of lakhs.
Post Office PPF Scheme
Post Office PPF Scheme is a long term investment plan. In this scheme, you can invest from Rs 500 to Rs 1.50 lakh every year. The maturity period of this scheme is 15 years, which means you have to invest regularly in this scheme for 15 consecutive years. Talking about the interest rate available in PPF scheme, this scheme gives a return of 7.1 percent per annum.
Every time you save Rs 70, you will earn a profit of Rs 3 lakh
If you save Rs 70 every day, you will save about Rs 25,000 in 1 year. You have to invest this Rs 25,000 regularly in the Post Office PPF scheme for 15 consecutive years. By investing Rs 25,000 every year for 15 years, you will invest a total of Rs 3,75,000 in the PPF scheme. On getting a return at an interest rate of 7.1 percent, you will get a total of Rs 6,78,035 on maturity. In this, only Rs 3,03,035 will be your interest. In this case, you will get a profit of about Rs 3 lakh.
