Public Provident Fund: If you are worried about your future and are planning to secure your life after retirement at the financial level, then this news is especially for you. Today we are going to tell you about a very great scheme, where you can invest just 10 thousand rupees and collect a full 82.46 lakh rupees at the time of maturity.
The scheme we are going to tell you about today is completely safe, you will not have to face any kind of market risks on the money invested in it. The name of this scheme is Public Provident Fund Scheme. This scheme is very popular in the country. It is also known as PPF. At present, you are getting an interest rate of 7.1 percent on investing in this scheme. In this episode, let us know about the Public Provident Fund Scheme in detail –
In the Public Provident Fund scheme, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually. The maturity period of this scheme is for a total of 15 years.
However, after 15 years, you can extend your investment period for five years each. By investing in this scheme for a long period, you can accumulate a good amount of money.
To collect a huge amount of Rs 82.46 lakh, you first have to open an account in the PPF scheme. After opening the account, you have to save Rs 10,000 every month and invest Rs 1,20,000 annually in it.
You will have to make this investment for a full 25 years. If we calculate at the current interest rate of 7.1 percent, then at the time of maturity you will have Rs 82,46,412. This money will not only secure your future financially but you will also be able to fulfill important purposes related to your future with its help.
