Public Provident Fund (PPF) is a highly popular government investment scheme, which was mainly launched for long -term savings and financial security at the time of retirement. This scheme not only provides sure returns, but it is also considered safe to invest in it. This is the reason that whenever safe investment options are discussed, the name of PPF comes first. A balanced investment portfolio should always be with safe and stable returns, and PPF is an excellent option for this purpose.
If you are thinking of investing from 3 thousand to 9 thousand rupees every month, then PPF is a great opportunity for you. This scheme is available through the post office and is supported by the government, which keeps your money completely safe. Apart from this, the interest and maturity amount received in it is also tax free, which makes it even more attractive.
By investing in PPF, you can not only secure your savings, but can also collect a large amount at the time of retirement. Let us understand how much amount you can get in 18 years based on different investment zodiac signs.
An Indian citizen can open a PPF account in his name. In addition, a guardian can also open an account in the name of his minor child. According to the rules, only one PPF account can be opened in the name of a person, whether in the bank or in the post office. It is allowed to invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh annually.
PPF account duration is initially 15 years, which you can extend into a 5-5 year block. This scheme is ideal for those who are looking for risk free, tax saving and long -term investment.
The government periodically reviews the interest rates on PPF. Currently, an annual interest rate of 7.1% is being given on PPF. This rate is considered better than other safe investment options and this interest is compound on a quarterly basis.
If you invest 3 thousand or 6 thousand rupees every month regularly, then after 18 years you will have a good fund. Let us understand this through data:
If you invest 3 thousand rupees in PPF every month, then your investment will be Rs 36,000 (3000 × 12) annually. Your total investment amount will be Rs 6,48,000 in 18 years. According to 7.1% annual interest in this period, you will get an interest of about 6,75,527 rupees. Thus, after 18 years you will have a total of Rs 13,23,527.
If you invest 6 thousand rupees in PPF every month, then your investment will be Rs 72,000 (6000 × 12) annually. Your total investment amount will be Rs 12,96,000 in 18 years. You will get around 13,51,054 rupees as interest in this period. That is, after 18 years, you will deposit a total of Rs 26,47,054.
If you invest 9 thousand rupees every month, the annual investment will be Rs 1,08,000. The total investment amount will be Rs 19,44,000 in 18 years. You will get about 20,26,581 rupees as interest. In this way, after 18 years you will have a total amount of about Rs 39,70,581. However, keep in mind that PPF has a limit to invest up to a maximum of Rs 1.5 lakh annually, so it is necessary to follow the rules on making high investment.
Public Provident Fund (PPF) is an excellent option for investors who are looking for risk free, tax saving and long -term returns. This not only protects your money, but also provides a strong financial security over the long term. If you want to remain financially independent at the time of retirement, then start investing in PPF today. With small monthly savings you can create a big fund in the future and make your dreams come true.
