Best Government Scheme: The central government is offering 7.1 percent interest on the PPF scheme. If you want to invest for long term then PPF is the best way. Investor can open an account for PPF in any post office or banks.
Best Government Scheme: If you are employed or a businessman, then the effort should be to invest some part of your earnings somewhere. Although there are many investment options available in the market, but try to invest in a government scheme. Nowadays, the central government is running many savings investment schemes for the people. People are earning more profit by investing in these schemes. One such is the Public Provident Fund (PPF) scheme of the Central Government. This is the most popular scheme of the government among the people. Invested here, remains completely safe. The chances of drowning are zero. Not only this, it is also a very attractive scheme in terms of interest.
Fixed annual investment limit
The central government is offering 7.1 percent interest on the PPF scheme. If you want to invest for long term then PPF is the best way. PPF is a great option for salaried and businessmen to save. Here the investor gets compound interest. The amount deposited by the investor, along with the interest, is calculated for the next financial year. Here the investor gets fixed returns. The investment limit on PPF is fixed. Investor cannot invest more than Rs 1.5 lakh in a year.
PPF account opens here
If you want to invest on PPF, then for this you have to open an account in any post office or government bank. Investors in this scheme can start the month with Rs.500. The maximum limit is not fixed, but the investment of the month should be such that it does not exceed Rs 1.5 lakh annually.
Scheme Features
Talking about the attractiveness of Public Provident Fund Scheme, it is a scheme to get loan with tax exemption. Investors can invest in this scheme for a maximum period of 15 years. The government pays an interest of 7.1 per cent on this. This scheme comes under the exemption of Income Tax Department. Apart from this, after investing continuously for 5 years, if you want, you can also take a loan if you need more money.
This much fund will be ready for 15 years investment
If an investor invests 5 thousand rupees every month on this scheme, then in one year you deposit 60 thousand rupees in your account. If you continue the same investment amount for 15 years, then the maturity fund will be around 16,27000.
