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PPF Investment: You can also become a millionaire by investing in this PPF scheem

Public Provident Fund means that you can become a millionaire by investing in PPF, all you have to do is invest every month of the year.

Public Provident Fund means that you can become a millionaire by investing in PPF, every month all you have to do is invest, there are very few schemes on which you all get more benefit of EEE.




Let us tell you that crores of people of the country continue to work here with the desire to earn money and become millionaires at one time. For this too, people do jobs, in which someone does business. Along with all these things, it is very important to save a certain amount every month and go to the cove and invest it in the right place. However, let me tell you that the Corona era is going on nowadays. This is a period of uncertainty. In such a situation, people are thinking about putting money in such schemes, where good returns are guaranteed. When it comes to such a scheme, then the name of Public Provident Fund (PPF) comes first. Let us tell you that this scheme is very popular in India. And the reason for this is that it gets better and better interest than many other schemes, at the same time it also falls in the scheme exemption, rebate, rebate (EEE) category.

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Let us know what is the meaning of exemption, exemption, exemption (EEE)

There are very few such schemes, on which all of you get the benefit of EEE. This clearly means that you not only get the benefit of income tax exemption on many investments in this scheme, but also the benefit of tax rebate on income from interest and maturity. Apart from PPF, under the Sukanya Samriddhi Yojana and Employees Provident Fund, you also get the cover benefit of EEE.

Let us know how much you can invest in a financial year

According to the rules made by the government, no person can invest more than Rs 1.5 lakh in a public provident fund (PPF) in a single financial year. This clearly means that you can invest a maximum of Rs 1.50 lakh in this scheme every year. So at the same time PPF account matures in 15 years. However, let us tell you that only after maturity you can extend its duration. By increasing the duration at one time, its maturity increases by itself for about five years.




How can you become a millionaire by investing in this scheme

Let me tell you that up to Rs 1.50 lakh can also be invested in public provident fund i.e. PPF. This clearly means that you will have to save about 12,500 rupees every month in it. The government is currently paying interest at the rate of 7.1 per cent on your investment in this scheme. And you should know that if you invest nearly 15 years continuously in this scheme, then you will get a return of Rs 40,68,209 at the rate of 7.1 percent. At the same time, if you increase its maturity twice, that is, for about ten years, then after 25 years you will also get a return of Rs 1,03,08015. In this also, the amount invested by you will be about Rs 3,750,000, while the income from interest in it will be about Rs 6,558,015 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 @ informalnewz@gmail.com
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