If you stop some non-essential expenses from everyday expenses, then 100-150 rupees can be saved daily. At the same time, if you put this money in the small savings schemes of the government, then you can get a big benefit.
New Delhi. If you are interested in small investments instead of big investments, then today we are telling you about the Post Office Public Provident Fund (PPF) scheme where if you invest Rs 150 per day, then only 20 years. You will get the fund (earn money) up to more than 20 lakh rupees in the job.
Experts say that if you stop some non-essential expenses from everyday expenses, then 100-150 rupees can be saved daily. At the same time, if you put this money in the small savings schemes of the government, then you can get a big benefit.
Know how to get more than 20 lakh rupees,
if your age is 25 years, then this is the best chance to get big returns in small amount. Experts say that if you have an income of up to 30-35 thousand rupees, then in addition to any other savings, initially you can save 100-150 rupees per day. This savings can give you an additional fund of more than 20 lakh rupees at the age of 45, so that you can easily meet your big needs while working.
>> If you invest in PPF with a view to saving Rs 150 per day, then it will be Rs 4500 monthly.
>> On investing Rs 4500 every month, the annual investment will be Rs 54 thousand.
>> At the same time, the total investment in 20 years will be Rs 10.80 lakh.
>> In terms of 7.1 percent annual compounding, in this you will get a fund ready of more than 20 lakhs in 20 years.
Benefits of PPF Account
>> This account can be opened with just Rs 100. Joint account can also be opened.
>> There is nomination facility only at the time of opening the account. Even after the completion of the maturity period of 15 years, it can be extended 2 times for 5 5 years.
>> The income from this is tax free. Loan can also be taken on the account from the third financial year. Banks, post offices give you the facility to open PPF account. This account can be opened for 15 years, which can be extended for a further period of 5 years.
>> Currently, the interest rate on PPF is 7.1 percent, which is compounded annually. Account can be opened in PPF with a minimum of Rs 100. In this, it is necessary to invest at least Rs 500 in a financial year. At the same time, you can invest a maximum of 1.5 lakh rupees in the account in a year.
