If we talk about today's scenario, then we do not know what will happen in life. In such a situation, we should be alert and prepared for the future, especially for financial difficulties, to do this, a part of our earnings should be invested in a place from where we get good interest on our deposits, so Public Provident Fund is a good government scheme for this, let's know the complete details about it

Why choose PPF?

Public Provident Fund (PPF) is a trusted and popular investment option in India, which offers tax benefits, security and competitive interest rates. The current interest rate for PPF is 7.1%, which is much higher than most traditional savings accounts.

How the PPF scheme works:

To start, you have to open an account in the Public Provident Fund. Once your account is set up, you can start investing by depositing ₹4,000 every month, which amounts to ₹48,000 annually. The total maturity period of the scheme is 15 years, during which your investment will grow at the current interest rate.

Estimating your returns:

If you invest ₹48,000 every year in PPF for 15 years, you would have invested a total of ₹7,20,000 by the time the scheme matures. Based on the current interest rate of 7.1%, you can expect your investment to grow to around ₹13,01,827 at the end of the 15-year period.

Total investment over 15 years: ₹7,20,000

Interest earned: ₹5,81,827

Total value on maturity: ₹13,01,827

Key benefits of investing in PPF:

Safety: The Public Provident Fund is a government-backed scheme, so there is no risk of losing your money. Your investment is completely safe.

Tax benefits: Contributions to PPF are eligible for tax deduction under Section 80C of the Income Tax Act, and interest earned is tax-free.

Attractive returns: With an interest rate of 7.1%, the returns are better than many traditional savings methods and beat inflation in the long term.