Post Office PPF: The central government is currently paying 7.1 percent annual interest on PPF. A minimum of Rs 500 and a maximum of Rs 1,50,000 can be deposited annually in this scheme. This scheme matures in 15 years. But, it can be extended for an interval of 5 years.
PPF Calculator: PPF i.e. Public Provident Fund is a government investment scheme. PPF is a scheme run by the central government, in which any Indian citizen can invest. PPF account can be opened in any bank in the country. Apart from banks, you can also open a PPF account in the post office. An annual deposit of Rs 500 to Rs 1.5 lakh can be made in a PPF account. There are many special features of this account. If you want, you can invest lump sum in it annually or can also deposit money in installments.
PPF is getting 7.1 percent annual interest
The central government is currently giving 7.1 percent annual interest on PPF. A minimum of Rs 500 and a maximum of Rs 1,50,000 can be deposited annually in this scheme. This scheme matures in 15 years. But, it can be extended for an interval of 5-5 years. In this way, the PPF account can be run for a maximum of 50 years. Keep in mind that to run the PPF account continuously, it is mandatory to deposit at least Rs 500 every year. If you do not deposit at least Rs 500 in it in any year, then your account will be closed.
Loan facility is available with investment in PPF scheme
You can also get loan facility on PPF account. With PPF scheme, investors can get 25 percent of the total amount deposited in the account as a loan. After 5 years of opening a PPF account, you can withdraw 50% of the amount once. If you invest Rs 1 lakh every year in a PPF account, you will get a total of Rs 68,72,010 with guarantee after 25 years. This includes Rs 25,00,000 of your investment and Rs 43,72,010 of interest. For more information related to the PPF scheme, you can visit your nearest bank or post office.
Most Read Articles:
- Post Office Superhit Scheme: Deposit Rs 500000, you will get Rs 15 lakh, know the complete scheme here
- Post Office MIS Calculator: How much will you earn if you deposit 5, 7, 9, 12 and 15 lakh rupees?
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
