New Delhi : If you also do a job and earn money, then you must also have a habit of saving money, because when how many rupees are needed cannot be said. In such a situation, your savings can be useful for you. Now you must be wondering how to save money? So we also give you information about it. Let us tell you that Saving Scheme PF is run by the government. If you have a salary of 50,000 months under this scheme, then you can comfortably save Rs 5.5 crore.
Many schemes of investment are run by the central government. The government has formed an EPFO for investment, which is especially a very beneficial organization for private employees. With the PF scheme run by EPFO, a person working in any private company can invest more than 5 crores.
The PF scheme is the scheme run by the government. In this, the company you work in, the company collects 12 percent of your salary in this fund and the same fund is cut from your salary. Let us inform you how a person can save more than Rs 5 crore in a salary of Rs 50,000.
How can your fund in PF become more than Rs 5.5 crore? Before understanding this calculation, it is very important to know how much interest you can get on PF. The government has revised the interest rate on PF. Currently, PF gets an interest of 8.25 percent annually.
If your salary is Rs 50,000 a month and that salary is gaining up to 6 percent every year and you invest in PF at the age of 22, then after retirement you will have more than Rs 5.5 crore. EPFO reduces 12 percent funds from your salary on PF and the same amount is deposited in the PF account as a saving.
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If your salary is Rs 50,000 a month, your PF will have a total of Rs 24,000 and if you start investing at the age of 22, then after 60 years, the total of Rs 1,36,38,805 will be deposited in your account as savings. Also, if you add interest rate on 8.25 percent basis, it will be up to 4,20,45,241. If you add these two, after 60 years you will have a total of Rs 5,56,84,046. Which directly means that after retirement you will have an amount of more than Rs 5.5 crore.
