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PPF Scheme will convert your 150 Rupees daily investment to- 5 lakhs

There is a scheme that can convert your 150 rupees to 15 lakh rupees. According to the rule, if you invest in this scheme, you will get tax benefits at 3 levels with better returns. Let’s know about this scheme …


7.1 percent interest

The name of this scheme / scheme is Public Provident Fund (PPF), in which you will get an interest rate of 7.1% per annum on investment. This is ineffective with tax benefits and inflation. In this case, the net return is much more than this.

Tax benefits will be available at 3 levels

Apart from this, the people investing will get tax benefits at 3 levels. First – the benefit of deduction on investment. Second- no tax is payable on interest, and third- lump sum is tax free even on maturity.

Investment of only 150 rupees

If you invest Rs 4,500 every month or Rs 150 every day in PPF scheme, then in 15 years, according to the current interest rate on maturity, you will get Rs 14 lakh 84 thousand. That is, after investing a total of Rs 8,21,250, you will get 14.84 lakh rupees after 15 years.

Investment on the 5th is beneficial

PPF calculates interest every month based on the balance of the 5th. In such a situation, if you invest on the 5th of every month, you will benefit a lot. At the same time, if there is a lapse of even one day, you will not get the benefit of interest for the whole 25 days. If this mistake is made every month, then interest benefits will not be available for 300 days in 365 days.

Investment up to 1.5 lakhs possible

Under this scheme, a maximum of one and a half lakh rupees and at least 500 rupees can be invested. The deduction under section 80C gets an advantage when you invest, and this interest income is completely tax free and also maturity.

Government provides security


PPF gets the protection of the government. Its purpose is to make the unorganized sector, the retirement of people doing their own business safe. At present, the decision to reduce its lock-in-period and withdraw money on a fixed period is being considered.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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