PPF Account: If you have also invested money in PPF scheme or you are planning to invest, then there is good news for you. By investing money in PPF scheme, you can create a fund of more than Rs 1 crore
PPF Scheme: If you have also invested money in PPF scheme or you are planning to invest, then there is good news for you. By investing money in PPF scheme, you can create a fund of more than Rs 1 crore. At present, Public Provident Fund is the best option for long term investment. In this, along with government guarantee, your money is also safe. Apart from all this, you also get good returns. Tax is not to be paid on the returns received.
Best option for long term investment
PPF scheme is the best option to invest money for a long period. You can invest up to Rs 1.5 lakh in it every year. In this, you get the facility of compound interest. Along with this, the fluctuations of the market do not affect these government schemes.
How to get 42 lakh rupees
If you invest Rs 5000 every month in PPF scheme. So your investment for the whole year will be Rs 60,000. If you invest it for 15 years, then your money on maturity will be 16,27,284. If you increase the deposit amount for a period of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). In this, your contribution will be Rs 15,12,500 and income from interest will be Rs 26,45,066. Similarly, if you deposit Rs 12500 every month, then after 25 years you will get Rs 1 crore.
| Monthly investment | You will get this much money in 15 years (Rs) | You will get this much money in 20 years (Rs) | You will get this much money in 25 years (Rs) |
|---|---|---|---|
| 1000 | 3.18 | 5.24 | 8.17 |
| 2000 | 6.37 | 10.49 | 16.35 |
| 3000 | 9.55 | 15.73 | 24.52 |
| 5000 | 15.92 | 26.23 | 44.88 |
| 10,000 | 31.85 | 52.45 | 81.76 |
| 12,500 | 39.82 | 65.57 | 1.02 crore |
Where can you open a PPF account?
You can start investing in the Public Provident Fund scheme with a minimum of Rs 500. You can open it from anywhere, your nearest post office or bank. From April 1, 2025, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is 15 years. In this scheme, the account holders can apply to extend it in blocks of 5-5 years. In this, he also gets the option to continue the contribution or not. After completion of 5 years in this scheme, you can also apply for a loan.
