If you're struggling to save money and looking for a safe, guaranteed return scheme, the Post Office Public Provident Fund (PPF) Scheme could be a great option. Known for offering reliable returns, this scheme is ideal for those planning long-term investments.

About Post Office Public Provident Fund (PPF) Scheme

The Post Office PPF Scheme offers an attractive interest rate of 7.1%, which is higher than many other savings schemes, including the Post Office’s Savings and RD accounts. If you’re looking to invest your money securely for the long term, the 15-year tenure of this scheme makes it a solid choice.

How Much Return Will You Get on a ₹60,000 Annual Deposit?

If you invest ₹5,000 per month (totaling ₹60,000 annually) in the PPF scheme for 15 years, your total deposit would be ₹9,00,000. With an annual interest rate of 7.1%, here’s how the returns are calculated:

• Total Investment Amount: ₹9,00,000
• Interest Earned at Maturity (after 15 years): ₹7,27,284
• Total Maturity Amount (Principal + Interest): ₹16,27,284

Thus, after 15 years, you would receive a maturity amount of ₹16,27,284.

How to Open a PPF Account in the Post Office

To open a PPF account, visit your nearest post office and provide essential documents such as:

• Aadhaar Card
• PAN Card
• Proof of Residence
• Proof of Income
• Passport-size photos

With these documents, you can easily open your PPF account and start securing your future with guaranteed returns.