PPF Account: If you have also invested money in PPF Scheme or you are planning to invest, then there is good news for you. Those who invest money in PPP scheme are now getting full Rs 27.1 lakh from the central government.
PPF Account: 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’ portfolios are getting ruined. The worst effect of this ongoing decline in the market is falling on small investors. Apart from these, those who have come new to the market are also very nervous about this decline. If you want a safe investment by staying away from the heavy risk of the stock market, where you get a fixed return with guarantee, then you can consider PPF.
A maximum investment of Rs 1.5 lakh can be made in a year
PPF or 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. Currently, 7.1 percent annual interest is being given on PPF. 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 in installments.
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 guarantee. Apart from Rs 15 lakh of your investment, this also includes 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 one person.
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