The PPF scheme is a popular government scheme where you can build a substantial corpus with small savings. Today, we’ll tell you about this scheme. Let’s learn the details.
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PPF Investment: If you’re looking for a safe investment scheme that offers high returns and a high return, this news is crucial. Today, we’re going to tell you about a government scheme where you can safely invest your money, little by little, and earn a good return. We’re talking about the Public Provident Fund (PPF) scheme.
Public Provident Fund (PPF) Scheme
The PPF scheme is a government scheme with a maturity period of 15 years. During these 15 years, you must invest annually in this scheme. You can start investing in the PPF scheme with as little as ₹500 annually. The maximum annual investment limit is ₹1.50 lakh.
The PPF scheme offers a return of 7.1 percent. By investing here over the long term, you can build a substantial corpus. After 15 years, you can extend your investment twice for 5 years each.
Return on an investment of Rs 3,000 in PPF
If you save Rs 3,000 every month and invest Rs 36,000 annually in the PPF scheme and continue your investment for 15 years, you will invest a total of Rs 5.40 lakh. Upon maturity, you will receive a total of Rs 9.76 lakh, resulting in a direct profit of Rs 4.36 lakh.
Return on an investment of Rs 5,000 in PPF
If you save Rs 5,000 every month and invest Rs 60,000 annually in the PPF scheme and continue your investment for 15 years, you will invest a total of Rs 9 lakh. Upon maturity, you will receive a total of Rs 16.27 lakh, resulting in a direct profit of Rs 7.27 lakh.
Return on a Rs 10,000 investment in PPF
If you save Rs 10,000 every month and invest Rs 1,20,000 annually in the PPF scheme, and continue your investment for 15 years, you will invest a total of Rs 18 lakh. Upon maturity, you will receive a total of Rs 32.54 lakh. This translates into a direct profit of Rs 14.54 lakh.
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