PPF: The Indian stock market is once again witnessing a devastating decline today. Due to this ongoing decline in the stock market, not only stock investors but also mutual fund investors are losing their portfolios. The worst effect of this ongoing decline in the market is on small investors. Apart from these, those who have just entered the market are also very nervous about this decline. If you want a safe investment by staying away from the huge risk of the stock market, where you get fixed returns with a guarantee, then you can consider PPF.
MA maximum investment of Rs 1.5 lakh can be made in a year.
PPF i.e. Public Provident Fund is a government investment scheme, which is run by the central government. Now this is a government scheme, so your money is completely safe in it. PPF is currently getting an annual interest of of77.1 per cent. PPF account can be opened in any bank of the country. Apart from this, you can also start PPF in the post office. Under this scheme, you have to invest at least Rs 500 in a year. A maximum of Rs 1.5 lakh can be deposited in PPF in a year. Let us tell you that you can invest in this scheme in lump sum as well as instalments.
If you deposit Rs 1 lakh every year, how much money will you get after 15 years
PPF scheme matures in 15 years. If you deposit Rs 1 lakh every year in this scheme, then on maturity you will get a total of Rs 27,12,139 with a guarantee. This includes Rs 15 lakh of your investment and a fixed interest of Rs 12,12,139. Any citizen of the country can open an account in this government scheme. If you want, you can also start investing in PPF in the name of your minor child. Keep in mind that only one PPF account can be opened in the name of a person.