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Post Office Bumper Scheme: Big News! Rs 1.03 crore on maturity by depositing Rs 12,000 / month, know how

If you are one of those investors who want to invest money without any risk, then here is a great savings plan for you.




If you are one of those investors who want to invest money without any risk, then here is a great savings plan for you. Post office small savings is a better option for such investors. Let us tell you that being a government scheme, it guarantees your every penny return. These post office savings schemes offer a maturity period of 1 year to 15 years. If you have a long term investment plan, then you should invest in Public Provident Fund (PPF).

In this post office savings scheme, you get 7.1 percent compounding interest rate per annum. The maturity of this plan is 15 years, but after maturity it can be extended for another 5 years. If you do not need the fund at the maturity of 15 years, then you can carry it forward. This will give you more benefit of compounding.

Explain that a maximum of Rs 1.50 lakh can be deposited annually in this savings scheme. Instead of depositing Rs 1.50 lakh in a year, you can choose to deposit Rs 12500 per month under the scheme. Also, you can avail tax exemption from PPF account under 80C of the Income Tax Act. The interest and maturity income earned in this is also tax free.

Public Provident Fund: Withdraw Interest

On depositing Rs 22.5 lakh in the savings scheme, interest of Rs 18 lakh will be available.

Maturity: 15 Years

  • Monthly Investment: Rs 12,500
  • 1 year investment: Rs 1.50 lakh
  • Total investment in 15 years: Rs 22.50 lakh
  • Annual interest rate: 7.1 percent
  • Maturity Amount: Rs 40.70 lakh
  • Interest profit: Rs 18.20 lakh

If you deposit Rs 12,500 for 25 years

  • Monthly Investment: Rs 12,500
  • Total investment in a year: Rs 1.50 lakh
  • Total investment in 25 years: Rs 37.50 lakh
  • Annual interest rate: 7.1 percent
  • Maturity Amount: Rs 1.03 crore
  • Interest profit: Rs 62.50 lakh
Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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