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PPF Calculator: Investment has started in 25 years, at what age will you become the owner of 1.5 crores

PPF Calculator: If a cycle of income, savings and investment is maintained for a long time, then surely a corpus of Rs.

PPF Calculator: In today’s time every person wants to become a millionaire, but how to become one? Very few people have its precise planning. The simplest thing is to maintain a cycle of income, savings and investment for a long time, then surely a corpus of Rs. Even if you want to become the owner of crores of rupees without taking any risk, then it is possible. Here we will know about the Government Schemes Public Provident Fund (PPF), how a fund of crores can be created in 30 years without taking any kind of risk. If you start investing in this scheme even in 25 years, then 5 years before retirement i.e. in 55 years, you will deposit more than Rs.

PPF: How to make 1.5 crore fund

One can invest a maximum of Rs 1.50 lakh in a PPF account in a year. Suppose, you invest Rs 12,500 every month in a PPF account. After maturity in 15 years, you can extend your PPF account in blocks of 5-5 years. In such a situation, after 30 years, the entire fund of your PPF account will be more than 1.5 crores (1,54,50,911). In this, your investment will be 45 lakhs and interest income will be around Rs 1.09 crores.

It is to be noted here that this calculation is based on retaining the investment in the next 5-5 blocks after the maturity of 15 years and the interest rate of 7.1 per cent per annum for the entire period. Compounding in PPF happens annually. The interest rates are reviewed by the government every quarter. In such a situation, the maturity amount can fluctuate with the change in interest rates. It should be noted that if you want to extend the PPF account further, then the application has to be given one year before the maturity. The account cannot be extended after maturity.

PPF: If you start investing after 25 years

The sooner one starts investing in this government scheme, the more it benefits. Suppose you are 25 years old and you invest 1.5 lakh rupees annually in PPF, then at the age of 55, that is, about 5 years before retirement, you can become a millionaire.

PPF Scheme: Investment Completely Safe

Public Provident Fund (PPF) is such a scheme, in which if invested from a long-term perspective, not only will it become a fund of crores of rupees. Rather, money will also be completely safe and tax will be completely saved. PPF can be opened at the post office or at Athraj Bank. At present, the interest rate on PPF is 7.1 percent per annum. The maturity of this account is 15 years, which can be extended in blocks of 5-5 years.

The biggest advantage of this scheme is that it provides tax benefits under section 80C of the Income Tax Act. In this, deduction can be taken for investment up to Rs 1.5 lakh in the scheme. The interest earned and maturity amount in PPF is also tax free. In this way, investment in PPF comes under EEE category. Most importantly, the government sponsors small savings schemes. Therefore, the subscribers get complete protection on investment in this. In this, there is a sovereign guarantee on the interest earned.

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 @
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